- Merrill cuts Q3 EPS forecast to $1.39 from $2.04

Other headlines for [GS]

• GS Today 00:00am
  The Goldman Sachs Group Inc WSJ reports that Goldman is now likely to report a net loss of as much as $2B for its quarter ended Nov 28; The loss could be as much as $5.00/share- The current consensus estimate for the company's more...
  
• UAM Yesterday 04:44pm
  Universal American Corp Agreed to reinsure all of its force life insurance and annuity business with Commonwealth Annuity and Life Insurance Company- Commonwealth is a unit of Goldman. - The agreements, which are subject more...
  
• Yesterday 03:51pm
  Oppenheimer's Meredith Whitney: Every bank she covers may need additional capital - CNBC- Says she doesn't think Citi stock has seen the worst
  
• MS Yesterday 02:49pm
  Morgan Stanley Deutsche Bank lowering estimates for Morgan Stanley and Goldman Sachs (timing uncertain)- analyst Mike Mayo cuts MS Q4 estimate to $0.05 from $0.40, citing likelihood of addtional mark to market more...
  
• GS Yesterday 12:22pm
  The Goldman Sachs Group Inc Landenburg Thalman's Bove cutting 2008 EPS estimate for Goldman to $8.58 from $10.11 (timing uncertain)- Goldman results will be hurt in part by the lower value of its holdings in Japan and China.
  

Financials sector headlines

• TAXI Today 08:51am
  Medallion Financial Corp Renews $250M credit facility- Renewed its commercial paper conduit facility agreement administered by Citicorp North America, Inc. for an additional 364 days. - The facility covers taxicab medallion more...
  
• UBNK Today 08:49am
  United Bank Authorizes 885K share buyback program (5% of float)- As of December 1, 2008 the Company had 17.7M common shares outstanding.
  
• ICE Today 08:49am
  IntercontinentalExchange Inc. Update: Reports Nov Average Daily Volume +9%- Nov Total volume 17.4M contracts
  
• V Today 08:48am
  Visa Inc. Update: Signs JV with Yalamanchili Software Exports Limited for payments Processing- Visa will have a controlling interest in the joint venture, named Visa Processing Service Pte. Ltd. (VPS). It more...
  
• CIT Today 08:02am
  CIT Group Inc Seeks to exchange $1.7B of old notes for $550M in cash and $1.15B in new notes - CO is now offering to exchange up to $1. 7Baggregate principal amount of certain of its outstanding notes in exchange more...