Stocks Mixed, Jeffries Falls on Surprising Q4 Loss
A choppy start to the week currently sees stocks modestly higher. Early gains were erased, and the major averages slipped into the red before turning around again.
Jeffries Group
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PowerRating) supervised the market by announcing it expects to report a net loss for the fourth quarter (read more).
Celgene
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PowerRating) reported a 55% rise in revenues, and forecast 2008 earnings to increase by 45% (read more).
The Wall Street Journal reported that McDonald’s
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PowerRating) is set to compete with Starbucks
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PowerRating) by installing coffee bars at its 14,000 U.S. stores (read more).
Microsoft
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PowerRating) announced deals to offer popular movies and TV shows, a move designed to compete with Apple iTunes service. The company also provided updates on a number of other projects, resulting in a flurry of news stories (more MSFT news).
Share of Sallie Mae
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PowerRating) are rising after the company appointed Anthony P. Terracciano as Chairman of the Board (read more).
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