International Business News - Mover http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Shares of AbitibiBowater Inc. fell Friday afternoon after an analyst slashed his price target on the paper products maker by more than 30 percent, citing its higher costs and weaker newsprint and lumber volumes. http://www.ibtimes.com/articles/20080718/analyst-slashes-price-target-on-abitibibowater.htm Fri, 18 Jul 2008 15:35:27 EDT Shares of Pinnacle Airlines Corp. soared after it said in a regulatory filing it will continue to operate Delta Connection flights for Delta Air Lines Inc. http://www.ibtimes.com/articles/20080718/pinnacle-airlines-up-on-delta-air-lines-deal.htm Fri, 18 Jul 2008 13:15:50 EDT Overstock.com Inc. shares sank Friday after the online discount retailer reported a narrower second-quarter loss, but an analyst downgraded the stock, saying the company's revenue growth may drop by 2009. http://www.ibtimes.com/articles/20080718/overstock-com-down-after-2q-report-downgrade.htm Fri, 18 Jul 2008 12:59:49 EDT Shares of Cubist Pharmaceuticals Inc. jumped Friday after the company's adjusted second-quarter earnings surged past Wall Street forecasts on a 46 percent boost in sales of the antibiotic Cubicin. http://www.ibtimes.com/articles/20080718/cubist-shares-jump-on-2q-profit-raised-guidance.htm Fri, 18 Jul 2008 12:39:34 EDT Merrill Lynch & Co. shares fell Friday a day after the investment bank reported larger-than-expected losses for the second quarter. Merrill Lynch shares fell 55 cents to $30.18 in midday trading. http://www.ibtimes.com/articles/20080718/merrill-lynch-shares-fall-after-reporting-results.htm Fri, 18 Jul 2008 12:19:55 EDT Shares of Harman International Industries Inc. fell Friday as an analyst said the maker of audio gear and electronic systems would likely be affected by deterioration in the auto industry. http://www.ibtimes.com/articles/20080718/harman-falls-on-analysts-concerns-for-auto-sales.htm Fri, 18 Jul 2008 12:12:35 EDT Shares of electronics retailer RadioShack Corp. climbed Friday after an analyst said the company may soon test a new concept designed to emulate Apple Inc.'s popular stores. http://www.ibtimes.com/articles/20080718/analyst-radioshack-may-test-concept-shares-up.htm Fri, 18 Jul 2008 12:10:53 EDT Shares of Schlumberger Ltd. jumped Friday after the oilfield services provider said its second-quarter profit rose 13 percent and issued a bullish outlook. Analysts praised the results. http://www.ibtimes.com/articles/20080718/schlumberger-shares-rise-after-2q-profit-jumps.htm Fri, 18 Jul 2008 12:09:37 EDT Shares of Range Resources Corp. rose Friday after an analyst upgraded the oil and gas company, and crude oil prices rebounded slightly on the New York Mercantile Exchange. http://www.ibtimes.com/articles/20080718/range-resources-shares-up-after-upgrade-oil-rises.htm Fri, 18 Jul 2008 11:44:16 EDT Shares of Gilead Sciences Inc. fell sharply Friday as Wall Street viewed the drug developer's latest earnings report as sign that the company could be shifting to a more subdued level of growth as its HIV treatments saturate the market. http://www.ibtimes.com/articles/20080718/gilead-shares-fall-on-2q-report-growth-concerns.htm Fri, 18 Jul 2008 11:32:55 EDT Shares of Advanced Micro Devices Inc. fell sharply Friday morning after the chip maker reported a wider second-quarter loss than expected and said its chief executive would step down. http://www.ibtimes.com/articles/20080718/amd-shares-down-after-weak-2nd-quarter-results.htm Fri, 18 Jul 2008 10:56:33 EDT Shares of Mattel Inc. rose sharply Friday after the toy maker reported better-than-expected second-quarter results, helped by the benefit of a weaker dollar and a price increase. http://www.ibtimes.com/articles/20080718/mattel-shares-rise-after-2q-results-top-estimates.htm Fri, 18 Jul 2008 10:13:50 EDT 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. http://www.ibtimes.com/articles/20080717/analyst-downgrades-safeway-following-2q-results.htm Thu, 17 Jul 2008 19:17:36 EDT 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. http://www.ibtimes.com/articles/20080717/last-call-nokia-climbs-as-2q-report-tops-views.htm Thu, 17 Jul 2008 19:18:24 EDT 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. http://www.ibtimes.com/articles/20080717/baxter-shares-hit-high-on-2q-profit-growth.htm Thu, 17 Jul 2008 19:20:38 EDT Six Flags Inc.'s shares, which plunged 44 percent on Wednesday, regained that ground Thursday after the amusement park operator said it is on track to be free cash flow-positive for the first time in its history. http://www.ibtimes.com/articles/20080717/six-flags-rebounds-after-steep-drop-on-wednesday.htm Thu, 17 Jul 2008 19:22:12 EDT Shares of RadioShack Corp. hit a four-week high Thursday as market volatility sent shares of retailers up in trading, analysts said. Shares of the Forth Worth, Texas-based company rose 71 cents, or 5.6 percent, to $13.48 after climbing as high as $13.71 earlier in the day. http://www.ibtimes.com/articles/20080717/radioshack-shares-up-on-volatility.htm Thu, 17 Jul 2008 19:23:17 EDT A rise in second-quarter same-store sales caused shares of sandwich chain Cosi Inc. to soar Thursday. Cosi shares jumped 40 cents, or 18.4 percent, to end at $2.57. http://www.ibtimes.com/articles/20080717/cosi-shares-soar-on-2q-same-store-sales-increase.htm Thu, 17 Jul 2008 19:24:23 EDT 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. http://www.ibtimes.com/articles/20080717/yum-shares-plunge-as-higher-costs-hurt-2q-profits.htm Thu, 17 Jul 2008 16:46:39 EDT Shares of Huntsman Corp. jumped Thursday after the specialty chemicals maker said it expects adjusted second-quarter earnings to increase about 10 percent sequentially as a boost in sales offset a jump in costs. http://www.ibtimes.com/articles/20080717/huntsman-shares-rally-after-2q-guidance-raised.htm Thu, 17 Jul 2008 19:25:29 EDT