TradingMarkets 7 Stocks You Need to Know for Wednesday
Stocks closed down today on dire housing figures. The Dow dropped 100.28 to 8419.49. The Nasdaq dipped 10.81 to 1521.54 and the S&P gave back 8.47 to 863.16.
Here are 7 Stocks You Need to Know for Wednesday.
One day after warning that the company was likely to report its first annual operating losss, Toyota Motor Company
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PowerRating) announced that its president Katsuaki Watanabe would be leaving his post in 2009.
GlaxoSmithKline PLC
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PowerRating) reported that it would stop using corporate money for political donations. The company donated more than $600,000 in political contributions in Canada and the United States in 2008.
Shares of Palm
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PowerRating) have been moving higher over the past few days as traders and investors cheered news that the smartphone maker had received $100 million in additional funding from private equity firm, Elevation Partners.
On a day when the world’s largest Ferris wheel (located in Singapore) broke down, stranding more than 100 riders, Walt Disney
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PowerRating) reported that it was looking to expand its theme park in Hong Kong.
CIT Group
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PowerRating) learned on Tuesday that it had received preliminary approval to receive more than $2 billion in funds from the Treasury department’s TARP (Troubled Asset Relief Program).
Wachovia
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PowerRating) shareholders approved of the merger with Wells Fargo
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PowerRating) Tuesday morning.
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