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Movers roundup: Yum Brands, Nokia



By AP
17 July 2008 @ 05:59 pm EST

Among the stock activity stories for Thursday, July 17, from AP Financial News:

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Quotes
YUM 27.5 -0.81
NOK 16.69 -0.01
SWY 22.85 1.08
BAX 62.13 -2.51

SYMBOL LOOKUP

LOUISVILLE, Ky. (AP)--Shares of Yum Brands Inc. tumbled more than 6 percent Thursday, a day after the fast-food company blamed surging commodity costs for taking a bite out of U.S. profits.

NEW YORK (AP)--Shares of Nokia Corp. jumped Thursday after the world's No. 1 cell phone maker reported second-quarter report above expectations, and the company slightly increased its guidance for overall handset market growth in 2008.

WASHINGTON (AP)--Shares of Baxter International rose to an all-time high Thursday after the company reported earnings that beat Wall Street expectations, due to higher sales of biotech drugs and vaccines.

NEW YORK (AP)--Shares of Safeway Inc. dropped on Thursday after the grocery store operator lowered its expectation for 2008 same-store sales growth and said consumers are cutting back on spending amid a weak U.S. economy.

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 This material may not be published, broadcast, rewritten or redistributed.

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