Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Lucretius who wrote (116813)	8/13/2001 10:29:39 AM
From: Ken98	Read Replies (3) of 436258

<<Goldman halts market-making activity on Nasdaq NEW YORK, Aug 13 (Reuters) - Goldman Sachs Group Inc. (NYSE:GS - news) on Monday said it halted market-making activity on the Nasdaq after a burst steam pipe in a 50-story Manhattan office building over the weekend. ``Over the weekend a steam pipe ruptured at One New York Plaza, affecting the building's water cooling system, which in turn affected the building's occupants, including Goldman Sachs,'' said Kate Baum, a Goldman Sachs spokeswoman. The firm has temporarily withdrawn from market-making activity on the Nasdaq but intends to resume those operations as soon as possible, she said. Market makers buy and sell stocks and pocket the difference between the bid and offer price. Trading activity in listed markets, options, futures, prime brokerage and other equity businesses continues unaffected, as are operations at Spear, Leeds, Baum said. Goldman Sachs's shares rose 5 cents to $80.85 in morning trade on the New York Stock Exchange.>> hmmm.

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