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Movers roundup: SGX Pharma, Charming Shoppes



By AP
09 July 2008 @ 02:28 pm EST

Among the stock activity stories for Wednesday, July 9, from AP Financial News:

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Quotes
SGXP 3 0
CHRS 2.13 -0.8
MELI 21.58 0.44

SYMBOL LOOKUP

NEW YORK (AP)--Shares of SGX Pharmaceuticals Inc. surged Wednesday after pharmaceutical giant Eli Lilly & Co. said it would spend about $64 million to buy the company in a bid to expand its biotechnology footprint.

NEW YORK (AP)--Shares of Charming Shoppes Inc. rose on Wednesday, as the women's apparel retailer said its Chief Executive Dorrit J. Bern, resigned following a volatile period of slumping sales and shareholder pressure.

NEW YORK (AP)--Shares of MercadoLibre Inc. rose Wednesday after the company reported its chief executive terminated a prearranged trading plan--an action that an analyst said could help the stock.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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