Movers roundup: Nortel Networks, Elizabeth Arden

By Associated Press
June 12, 2008
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Among the stock activity stories for Thursday, June 12, from AP Financial News:

NEW YORK (AP) _ Shares of Nortel Networks Corp. rose sharply Thursday after the company's analyst day reassured Wall Street, leading a JPMorgan analyst to upgrade the Canadian telecommunications equipment maker.

NEW YORK (AP) _ Shares of Elizabeth Arden Inc. rose on Thursday, after an analyst said investors could be too skeptical about the company's fragrance licensing deal with Liz Claiborne Inc.

NEW YORK (AP) _ Shares of Glu Mobile Inc. rose Thursday after the mobile games publisher announced titles it will launch in North America during the second half of the year, including games based on the animated movies "Ice Age" and "Madagascar."
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