Movers: Goldman Sachs, Zions, Best Buy, La-Z-Boy, Elan
Goldman Sachs (GS) posts $4.58, vs. $4.93, a year ago, second quarter EPS on 2% lower net revenue in investment banking. Earlier, the Financial Times reports that GS is close to finalizing a plan to restructure a $7 billion investment vehicle formerly run by London-based hedge fund Cheyne Capital, a move that may usher in a crucial new phase in the credit turmoil.
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