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HEADLINE STOCKS-U.S. stocks on the move on June 18

Wed Jun 18, 2008 10:12pm IST
 
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 (Updates to regular session, adds Morgan Stanley and Fifth
Third Bancorp)
 NEW YORK, June 18  (Reuters) - Some U.S. stocks on the move
on Wednesday:
 MORGAN STANLEY (MS.N: Quote, Profile, Research)
 The second-largest U.S. investment bank on Wednesday said
quarterly earnings dropped by more than 50 percent on trading
losses and a slowdown in investment banking, despite $1.43
billion of pretax gains from asset sales. For details, see
[ID:nN18442679]
 Morgan Stanley shares were down 3.4 percent to $39.26 on
the New York Stock Exchange.
 MEDECISION (MEDE.O: Quote, Profile, Research)
 The stock more than tripled on Wednesday on news that the
healthcare technology company agreed to be bought by insurer
Health Care Service Corp for about $121 million, or $7 a share.
The price was more than four times the closing price of the
stock on Tuesday.
 MEDecision shares were up 280.1 percent at $6.50 on Nasdaq.
[ID:nBNG315636]
 FIFTH THIRD BANCORP (FITB.O: Quote, Profile, Research)
 The company, a large U.S. regional bank, said it plans to
raise at least $2 billion in capital and slash its dividend 66
percent to cope with mounting credit losses. [ID:nBNG86797]
 Its stock dropped more than 14 percent to $10.91 on Nasdaq.
Earlier the stock slid by as much as 18.6 percent to their
lowest level since 1995.
 FEDEX CORP (FDX.N: Quote, Profile, Research)
 The package delivery company on Wednesday forecast a weak
fiscal 2009 after posting a quarterly loss it blamed on rising
fuel prices, an ailing U.S. economy and a previously announced
write-down. [ID:nN18406319]
 FedEx shares dropped 2.7 percent to $82.02 on the NYSE.
 GOLDMAN SACHS (GS.N: Quote, Profile, Research)
 A number of brokers raised their price targets on the
largest U.S. investment bank, a day after it reported
stronger-than-expected results. [RCH/US]
 Goldman shares rose 1.6 percent to $182.23 on the NYSE.
 YRC WORLDWIDE (YRCW.O: Quote, Profile, Research)
 The stock jumped more than 5 percent to $17.69 on Nasdaq
after the trucking company forecast second-quarter earnings per
share to beat Wall Street estimates. [ID:nWNAS8571]
 PANERA BREAD CO (PNRA.O: Quote, Profile, Research)
 Panera raised its second-quarter earnings outlook on
Tuesday, citing better-than-expected sales growth, but trimmed
its outlook for the back half of the year due to rising
gasoline costs. [ID:nN17399938]
 Shares of the restaurant chain operator were up more than
7.1 percent at $48.79 on Nasdaq.
 NORTHWEST AIRLINES CORP (NWA.N: Quote, Profile, Research)
 The stock dropped more than 4 percent to $6.49 on the NYSE
after the U.S. carrier said it would cut the number of seats
for sale in the fourth quarter and reduce its work force as it
struggles with sky-high fuel costs. [ID:nN17389756]
 (Reporting by Ellis Mnyandu)


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