Reuters :: Small Business News

First Marblehead soars as Goldman completes deal

NEW YORK (Reuters) - Shares of First Marblehead Corp soared 40 percent on Monday as a Goldman Sachs fund completed an equity investment in the student finance company, which has been hit hard by the collapse in asset-backed securities markets.<div class="feedflare"> <a href="http://feeds.reuters.com/~f/reuters/smallBusinessNews?a=ifqlJK"><img src="http://feeds.reuters.com/~f/reuters/smallBusinessNews?i=ifqlJK" border="0"></img></a> <a href="http://feeds.reuters.com/~f/reuters/smallBusinessNews?a=JVk8uk"><img src="http://feeds.reuters.com/~f/reuters/smallBusinessNews?i=JVk8uk" border="0"></img></a> <a href="http://feeds.reuters.com/~f/reuters/smallBusinessNews?a=XhijEk"><img src="http://feeds.reuters.com/~f/reuters/smallBusinessNews?i=XhijEk" border="0"></img></a> </div><img src="http://feeds.reuters.com/~r/reuters/smallBusinessNews/~4/368152282" height="1" width="1"/>