Stocks in the news: Goldman Sachs, Palm, Xerox

Goldman Sachs Group Inc. (GS) is due to hold a call to answer questions about its trading relationship with American International Group (AIG). GS has drawn some scrutiny after it was discovered $13 billion of the AIG's bailout money actually went to it.

Palm (PALM) reported Thursday that its net losses grew during its third fiscal quarter as the company's existing devices plunged during the quarter. Both top and bottom lines were below analyst estimates. Meanwhile, the company continues to work on the launch of its highly anticipated Pre smart phone later this year.