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(AFX UK Focus)
2008-11-10 16:45
UPDATE 1-HEADLINE STOCKS-U.S. stocks on the move on Nov. 10 |
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NEW YORK, Nov 10 (Reuters) - Some U.S. stocks on the move on Monday:
CITIGROUP The bank is in talks to buy an unnamed U.S. bank, according to The Wall Street Journal. For details, see Shares of the company slid 2.1 percent to $11.58 on Monday.
AMERICAN INTERNATIONAL GROUP The Federal Reserve hiked its support for insurer American International Group Inc to about $150 billion after an initial bailout attempt failed to stem massive losses. The stock surged 17 percent to $2.48 on Monday.
GENERAL MOTORS Barclays downgraded the company to underweight, slashed its price target to $1 from $4 and said the company wouldn't meet its minimum cash needs in the first quarter of 2009. Shares of the Dow component plummeted 24 percent to $3.33 on Monday.
MCDONALD'S CORP The fast food company reported an increase of 8.2 percent in its October same-store sales. The Dow component rose 2.3 percent to $56.71 on Monday.
NORTEL NETWORKS The manufacturer of telephone gear reported a large quarterly loss and announced a round of cost-cutting measures to strengthen its balance sheet. The stock plunged 10.3 percent to $1.05.
TYSON FOODS The food company reported fourth-quarter earnings and sales that were up 9.5 percent from the prior year. The stock dropped 8.6 percent to $6.82.
DEUTSCHE BANK The bank said it was cutting 9,500 jobs in order to turn around its U.S. express business, which has been hit hard by the global economic crisis. The company also said it would probably post a full-year group net loss. Shares of Deutsche Bank fell 1.2 percent to $38.54 on the New York Stock Exchange.
CIRCUIT CITY The electronics retailer filed for Chapter 11 bankruptcy protection.
DISH NETWORK CORP The satellite television provider reported a decline in third-quarter profits, saying it took a hit on its investments. The stock closed shed 12.5 percent to $13.58 on Monday.
LAS VEGAS SANDS Property developer CapitaLand said it hasn't held any talks with Las Vegas Sands over its Singapore casino projects. The statement came after a brokerage CapitaLand and the Singapore government may take over the project if Las Vegas Sands fails to avert loan defaults. Shares of Las Vegas Sands fell 3.1 percent to $6.81 on Monday. ((Editing by Gary Crosse)) Keywords: MARKETS STOCKS HEADLINES (ryan.vlastelica@thomsonreuters.com; +1-646-223-6014; Reuters Messaging: ryan.vlastelica@reuters.com@reuters.net)
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