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Movers roundup: Lehman Bros., Darden Restaurants



By AP
19 August 2008 @ 02:33 pm EST

Among the stock activity stories for Tuesday, Aug. 19, from AP Financial News:

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Quotes
LEH 0.13 -0.17
DRI 17.04 0.76
CMI 23.44 0.93
YRCW 4.33 0.21

SYMBOL LOOKUP

NEW YORK (AP)--Lehman Brothers Holdings Inc. shares dropped sharply Tuesday after an analyst said the investment bank could rack up $4 billion of write-downs during the third quarter because of exposure to troubled mortgage securities.

NEW YORK (AP)--Shares of restaurant operator Darden Restaurants Inc. slipped Tuesday after a UBS analyst cut his rating on the stock, saying casual dining restaurant sales will likely remain weak through the rest of the 2008.

NEW YORK (AP)--Cummins Inc. shares fell Tuesday after an analyst said the diesel engine maker's decision to add a key emissions technology to its heavy-duty engines to meet 2010 emissions standards could signal "disappointing" earnings after the standards kick in.

NEW YORK (AP)--Shares of trucking company YRC Worldwide Inc. dropped more than seven percent at one point in Tuesday trading, as the broader market headed lower on dreary economic news and a rebound in oil prices.

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 This material may not be published, broadcast, rewritten or redistributed.

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