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Movers roundup: Starwood Hotels, Electronic Data Systems

By Associated Press April 24, 2008 Comments (0)

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Among the stock activity stories for Thursday, April 24, from AP Financial News:

NEW YORK (AP) _ Shares of Starwood Hotels & Resorts Worldwide Inc. climbed Thursday after the hotel and leisure company lifted its full-year profit outlook and its adjusted first-quarter earnings topped Wall Street's expectations.

NEW YORK (AP) _ Shares of Electronic Data Systems Corp. jumped Thursday after the information technology services company posted first-quarter earnings above Wall Street's expectations.

NEW YORK (AP) _ Shares of Franklin Resources are down nearly 2 percent in Thursday afternoon trading after the investment manager missed earnings expectations.

NEW YORK (AP) _ Vertex Pharmaceuticals Inc. released more positive data on its hepatitis C drug candidate telaprevir, but shares continued to fall as Wall Street awaits data from a rival drug made by Schering-Plough Corp.

NEW YORK (AP) _ Shares of Cephalon Inc. dipped Thursday after the drugmaker said rival Watson Laboratories Inc. has filed to sell a generic version of its Fentora pain medication, but analysts shrugged off the potential competition.

NEW YORK (AP) _ Shares of UniSource Energy Corp., a gas and electricity utility, on Thursday rose more than 8 percent as the company and Arizona regulators settled a rate dispute.

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DocumentId: 629546, ~/articles/articlehandler.aspx, 7/19/2008 3:10:27 AM, No ticker

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