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Movers roundup: Xilinx, Kendle International

By Associated Press
June 4, 2008 | Comments (0)

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Among the stock activity stories for Wednesday, June 4, from AP Financial News:

NEW YORK (AP) _ Shares of Xilinx are up after the chip maker announced it would eliminate 250 jobs, or about 7 percent of its work force.

NEW YORK (AP) _ Kendle International Inc.'s buyout of its peer DecisionLine Clinical Research Corp. and its reaffirmed guidance sparked a mixed reaction from Wall Street Wednesday, but sent shares higher for the second-consecutive day.

NEW YORK (AP) _ Shares of Bob Evans Farms Inc. jumped Wednesday after the casual dining company offered fiscal 2009 guidance and said its fourth-quarter profit climbed 5 percent.

NEW YORK (AP) _ Shares of Sequenom Inc., which makes genetic analysis products, surged Wednesday after the company said its prenatal test which screens maternal blood for Down syndrome was effective in all samples, exceeding analysts' expectations.

NEW YORK (AP) _ United Community Banks Inc. shares have risen sharply in morning trading Tuesday after an investment bank upgraded the stock, saying the shares have fallen too far.

NEW YORK (AP) _ Shares of Vail Resorts Inc. rose Wednesday as a Banc of America Securities analyst started coverage of the ski resort operator with a "Buy" rating, saying consumer and real estate concerns have overshadowed its value.

NEW YORK (AP) _ Shares of Koppers Holdings soared on Wednesday after UBS analysts upgraded the maker of wood treatment products and chemicals to "Buy" from "Neutral," saying higher oil prices will boost revenue.

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