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Movers roundup: LM Ericsson, Freeport-McMoRan



By AP
22 July 2008 @ 07:51 pm EST

Among the stock activity stories for Tuesday, July 22, from AP Financial News:

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Quotes
ERIC 10.28 -0.25
FCX 73.91 -1.02
AN 12.28 0.14
MSFT 25.65 -0.7
PAS 22.74 -0.36
EBAY 23.77 -0.04

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NEW YORK (AP)--Shares in Sweden's LM Ericsson fell Tuesday after the world's largest wireless equipment maker reported a 70 percent plunge in second-quarter profits on costs related to acquisitions, development and restructuring.

DENVER (AP)--Shares of Freeport-McMoRan Copper & Gold Inc. dropped 6 percent Tuesday after the global mining company reported its second-quarter income slid 14 percent because of lower sales volume and one-time costs.

NEW YORK (AP)--Shares of automotive retailer AutoNation Inc. jumped Tuesday on news that Microsoft Corp. founder Bill Gates owns a 5.5 percent stake in the company.

NEW YORK (AP)--Share of Pepsi-Cola bottler PepsiAmericas Inc. rose Tuesday after the company revised its full-year outlook higher than Wall Street expectations.

SAN FRANCISCO (AP)--Shares of eBay Inc. regained some lost ground Tuesday on signs the online auctioneer's business is holding up as expected in the third quarter.

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 This material may not be published, broadcast, rewritten or redistributed.

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