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datasets.iitb.crawledDocs.yn_08Oct08_file_15 Maven / Gradle / Ivy

    Welcome, Guest [ , ] - 8988914 AP Movers roundup: Bank of America, IBM Tuesday October 7, 7:45 pm ET Movers roundup: Bank of America drops day after disappointing earnings, IBM hits year low Among the stock activity stories for Tuesday, Oct. 7, from AP Financial News: NEW YORK (AP) -- Shares of Bank of America Corp. fell sharply, a day after the banking giant reported worse-than-expected earnings, announced plans to raise $10 billion in capital and slashed its dividend in half. NEW YORK (AP) -- Shares of IBM Corp. fell to a 52-week low after a Barclays Capital analyst lowered his estimates for the company citing weakening technology spending by corporations. NEW YORK (AP) -- General Growth Properties Inc. shares plunged 48 percent on concerns the real estate investment trust may not be able to refinance its debt maturities amid the larger credit crisis. EVANSVILLE, Ind. (AP) -- Shares of Shoe Carnival Inc. slipped after an analyst downgraded the stock on heightened competition, a softening U.S. economy and weakness in women's casual shoes. NEW YORK (AP) -- Shares of Myriad Genetics Inc. rose after the biotechnology company said it licensed drug analysis technology from Saladax Biomedical Inc. Copyright © 2008 Yahoo! Inc. All rights reserved. - Copyright © 2008 The Associated Press. All rights reserved. The information contained in the AP News report may not be published, broadcast, rewritten, or redistributed without the prior written authority of The Associated Press.