Goldman Sachs profit slumps 82%

Date: Tue, 20 Jul 2010 12:01:01 -0400

GOLDMAN SACHS PROFIT SLUMPS 82%
Goldman's second-quarter profit is hurt by its settlement with the
SEC, the U.K. bank payroll tax and sharp revenue drops in its trading
and investment-banking units.

GOLDMAN'S SHINE DULLS A LITTLE
Earnings day used to be Goldman Sachs Group Inc.'s day to shine, an
opportunity to remind the doubters that the investment bank was still
the best in class.

GOLDMAN'S NEW DREAM-INCEPTION TECHNOLOGY
They get in fast. Milliseconds: "Implant." Out fast: "Extraction." All
traces erased. What happened? Paradigm shifted? Not sure? Maybe
Goldman's latest high-frequency trading algorithms? No. Maybe
artificial intelligence? No.

U.S. STOCKS LAPSE AS QUARTERLY REPORTS DISAPPOINT
Stocks decline, bringing the Dow industrials precipitously close to
10,000 for the first time in nearly two weeks, as investors jeer
less-than-expected revenue from companies including Goldman Sachs
Group and International Business Machines.

TUESDAY'S BIGGEST GAINING AND DECLINING STOCKS
Stocks that are seeing significant moves in trading Tuesday include
Harley-Davidson, IBM, RadioShack and Texas Instruments.