Movers roundup: GM, Richard Ellis
By
Associated Press
July 30, 2008
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Among the stock activity stories for Wednesday, July 30, from AP Financial News:
NEW YORK (AP) _ Shares of General Motors Corp. tumbled Wednesday, after the automaker said it would continue to offer leasing incentives in August despite the rising costs and risks associated with them.
NEW YORK (AP) _ Shares of CB Richard Ellis Group Inc. hit a three-year low Wednesday, after the commercial real estate firm said its second-quarter profit plunged 88 percent as continued turmoil in the credit markets battered sales.
NEW YORK (AP) _ Shares of Visteon Corp. surged Wednesday after the auto parts supplier posted a narrower quarterly loss that beat Wall Street expectations.
SEATTLE (AP) _ Shares of Israel-based computer security company Aladdin Knowledge Systems Ltd. plunged Wednesday after the company said it will buy Secure Computing Corp.'s SafeWord product line for $65 million in cash.
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