Movers roundup: Fannie Mae, STMicroelectronics

NEW YORK (AP)--Shares of mortgage lender Fannie Mae surged nearly 75 percent Friday after the company said it is considering a reverse-stock split to help meet New York Stock Exchange listing requirements.

NEW YORK (AP)--STMicroelectronics NV's shares fell nearly 8 percent Friday after the chip maker said fourth-quarter revenue will likely come in below its previous expectations, blaming a slowdown in the wireless, automotive and computer-peripheral sectors.

NEW YORK (AP)--Shares of Citigroup Inc. continued to rebound Friday afternoon from a sharp plunge last week as investors embrace a government plan to help the bank survive mounting losses from the mortgage and credit markets turmoil.

HARTFORD, Conn. (AP)--Shares of Deere & Co. fell 3 percent Friday as an analyst cut his 2009 and 2010 earnings per share estimates, citing the farm equipment manufacturer's lower profit forecast Wednesday for next year.

NEW YORK (AP)--New York & Co. shares rose on Friday after the women's apparel retailer said it would buy back nearly 3.8 million shares.

HARTFORD, Conn. (AP)--Shares of ArcelorMittal SA, the world's largest steelmaker, fell more than 8 percent in morning trading Friday, a day after it said it is looking to cut 9,000 jobs as it copes with the economic slowdown.