Goldman sachs

Stocks slump as revenues from IBM, J&J disappoint
NEW YORK - Stocks retreated Tuesday after IBM and Johnson & Johnson reported revenue that was lower than expected and that raised questions about the strength of the economic recovery.

NEW YORK - Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and Nasdaq Stock Market: NYSE: CIT Group Inc., down 18 cents at $1.35 Despite indications of government support, shares of the troubled lender sank as talks with regulators on help raising capital continued.

Yahoo! spent the July 4 weekend in discussions with its lead adviser, Goldman Sachs, and potential bid partners including Time Warner in a desperate bid to defend itself from shareholders meeting on August 1 to vote on whether to re-elect their board.
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