13:05 ET Dow -154.48 at 10309.92, Nasdaq -37.61 at 2138.44, S&P -19.130 1 100001 0 1 0 1 1 0 1 0 00 0 1 1 1 0 1 100001 0 1 1 100001 0 1 100001 0 1 0 1 1 0 1 0 00 0 1 1 1 0 1 100001 0 1 1 100001 0 1 100001 0 1 0 1 1 0 1 0 00 0 1 1 1 0 1 100001 0 1 1 100001 0 1 100001 0 1 0 1 1 0 1 0 00 0 1 1 1 0 1 100001 0 1 1 100001 0 1 100001 0 1 0 1 1 0 1 0 00 0 1 1 1 0 1 100001 0 1 1 100001 0 1 100001 0 1 0 1 1 0 1 0 00 0 1 1 1 0 1 100001 0 1 1 100001 0 1 100001 0 1 0 1 1 0 1 0 00 0 1 1 1 0 1 100001 0 1 1 100001 0 1 100001 0 1 0 1 1 0 1 0 00 0 1 1 1 0 1 100001 0 1 1 100001 0 1 100001 0 1 0 1 1 0 1 0 00 0 1 1 1 0 1 100001 0 1 1 100001 0 1 100001 0 1 0 1 1 0 1 0 00 0 1 1 1 0 1 100001 0 1 1 100001 0 1 100001 0 1 0 1 1 0 1 0 00 0 1 1 1 0 1 100001 0 1 1 100001 0 1 100001 0 1 0 1 1 0 1 0 00 0 1 1 1 0 1 100001 0 1 1 100001 0 1 100001 0 1 0 1 1 0 1 0 00 0 1 1 1 0 1 100001 0 1 1 100001 0 1 100001 0 1 0 1 1 0 1 0 00 0 1 1 1 0 1 100001 0 1 1 100001 13:05 ET Dow -154.48 at 10309.92, Nasdaq -37.61 at 2138.44, S&P -19.1313:05 ET Dow -154.48 at 10309.92, Nasdaq -37.61 at 2138.44, S&P -19.13

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Tuesday, July 12, 2011

Goldman Sachs News - 7/12/2011

Goldman, Madoff, DSK, Nakheel, Conrad Black, Strauss-Kahn in Court News
Bloomberg
By Elizabeth Amon - Tue Jul 12 04:01:01 GMT 2011 Rajat Gupta, the former
Goldman Sachs Group Inc. (GS) director, can proceed with a lawsuit claiming
the US Securities and Exchange Commission violated his rights when it filed
an administrative action ...
<http://www.bloomberg.com/news/2011-07-12/goldman-madoff-dsk-nakheel-conrad-black-strauss-kahn-in-court-news.html>
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<http://news.google.com/news/story?ncl=http://www.bloomberg.com/news/2011-07-12/goldman-madoff-dsk-nakheel-conrad-black-strauss-kahn-in-court-news.html&hl=en&geo=us>

Settlements, lower trading to hurt 2Q bank earns
The Associated Press
Investment bank Goldman Sachs Group Inc. has already informed the New York
Department of Labor that it plans to eliminate 230 jobs beginning in
September. Keith Horowitz, a Citigroup analyst, warned that fixed income
revenue at the country's largest ...
<http://www.google.com/hostednews/ap/article/ALeqM5iXkkdZCf6t-QIhBU8JLIbTe-aJUQ?docId=3c404d068e974786976e3d8bcc191fb6>
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ORCL, CRM, VMW: Best Buys In The Cloud, Says Goldman
Barron's (blog)
By Tiernan Ray Goldman Sachs software analyst Heather Bellini this morning
resumed coverage of Oracle (ORCL), Salesforce.com (CRM), and VMWare (VMW)
with Buy ratings on all three, writing that the shift to “cloud”
computing, where server computers in a ...
<http://blogs.barrons.com/techtraderdaily/2011/07/12/orcl-crm-vmw-best-buys-in-the-cloud-says-goldman/?mod=google_news_blog>
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Novellus Systems, Inc. (NVLS) Given "Neutral" Rating by Goldman Sachs (GS ...
NewsyStocks.com
Equities research analysts at Goldman Sachs (NYSE: GS) reiterated a
"neutral" rating on shares of Novellus Systems, Inc. (NASDAQ: NVLS) in a
research note to investors on Tuesday. The analysts currently have a $30.00
price target on the stock. ...
<http://www.newsystocks.com/News/4099769/novellus-systems-inc-nvls-given-neutral-rating-by-goldman-sachs-gs-analysts>
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Adobe Systems (ADBE) Down 1.8% Following Goldman Sachs Downgrade
Market Intelligence Center
Adobe Systems (ADBE) was downgraded today by analysts at Goldman Sachs and
the stock is now at $30.42, down $0.57 (-1.82%) on volume of 3017550 shares
traded. Goldman Sachs downgraded the stock to Sell from Buy. Over the last
52 weeks the stock has ...
<http://www.marketintelligencecenter.com/newsbites/1286396>
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<http://news.google.com/news/story?ncl=http://www.marketintelligencecenter.com/newsbites/1286396&hl=en&geo=us>

Goldman Sachs Neutral On Microchip Technology
Benzinga
By Jonathan Chen Goldman Sachs has a Neutral rating and a $32 price target
on shares of Microchip Technology Inc. (NASDAQ: MCHP). In a note to
clients, Goldman Sachs writes, "Microchip negatively pre-announced 2QCY11
results in an unscheduled update ...
<http://www.benzinga.com/analyst-ratings/analyst-color/11/07/1757138/goldman-sachs-neutral-on-microchip-technology>
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<http://news.google.com/news/story?ncl=http://www.benzinga.com/analyst-ratings/analyst-color/11/07/1757138/goldman-sachs-neutral-on-microchip-technology&hl=en&geo=us>

Autodesk (ADSK) Down 3.1% Following Goldman Sachs Downgrade
Market Intelligence Center
Autodesk (ADSK) was downgraded today by analysts at Goldman Sachs and the
stock is now at $37.76, down $1.23 (-3.15%) on volume of 1783866 shares
traded. Goldman Sachs downgraded the stock to Neutral from Buy. Over the
last 52 weeks the stock has ...
<http://www.marketintelligencecenter.com/newsbites/1286397>
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<http://news.google.com/news/story?ncl=http://www.marketintelligencecenter.com/newsbites/1286397&hl=en&geo=us>

GOLDMAN SACHS GROUP FALLS 1.54% ON HEAVY VOLUME: WATCH FOR POTENTIAL REBOUND (GS)
Zacks.com
Jul 12, 2011 (SmarTrend(R) News Watch via COMTEX) -- Goldman Sachs Group
(NYSE:GS - Analyst Report) traded in a range yesterday that spanned from a
low of $131.07 to a high of $133.43. Yesterday, the shares fell 1.54%,
which took the trading range ...
<http://www.zacks.com/research/get_news.php?id=193l8350>
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Goldman Sachs (GS) Could Break Through $134.53 Resistance Level
Market Intelligence Center
Goldman Sachs (NYSE:GS) closed Monday's losing trading session at $132.02.
In the past year, the stock has hit a 52-week low of $128.30 and 52-week
high of $175.34. Goldman Sachs (GS) stock has been showing support around
$129.81 and resistance in the ...
<http://www.marketintelligencecenter.com/analyfav/1286167>
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=== Blogs - 2 new results for [goldman sachs] ===

Goldman Sachs: Debt default is “extremely unlikely”
By James Pethokoukis
Goldman Sachs: Debt default is “extremely unlikely”. Jul 11, 2011 19:31
EDT. Tweet. Debt ceiling. Here is what President Obama said this morning:
As all of you know, I met with congressional leaders yesterday. We're going
to be meeting ...
<http://blogs.reuters.com/james-pethokoukis/2011/07/11/goldman-sachs-debt-default-is-extremely-unlikely/>
James Pethokoukis
<http://blogs.reuters.com/james-pethokoukis/>

Goldman Sachs shows Obama's bluff on 'default' | Timothy P. Carney ...
By Timothy P. Carney
Goldman Sachs, in a research note, describes default on U.S. debt as
"extremely unlikely," even if the debt ceiling isn't lifted, Jim
Pethokoukis at Reuters reports. Here's the money quote: The other outcome
– whose probability has ...
<http://washingtonexaminer.com/blogs/beltway-confidential/2011/07/goldman-sachs-shows-obamas-bluff-default>
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