Movers roundup: GM, Ford, Ticketmaster
By
Associated Press
September 11, 2008
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Among the stock activity stories for Thursday, Sept. 11, from AP Financial News:
NEW YORK (AP) _ Shares of General Motors Corp. and Ford Motor Co. soared Thursday on investor optimism about the cash boost they could get from a proposed $25 billion in federal loans.
NEW YORK (AP) _ Share of Ticketmaster plunged to a new 52-week low Thursday after concert company Live Nation Inc. said it reached a ticketing deal with SMG, the world's largest venue management company.
NEW YORK (AP) _ Shares of drug developer Alpharma Inc. rose Thursday as King Pharmaceutical increased its buyout offer by 12 percent and said it planned on initiating a hostile takeover.
NEW YORK (AP) _ Shares of Lululemon Athletica Inc. soared Thursday after the Canadian sportswear maker reported its second-quarter profit more than doubled and reiterated its fiscal 2008 profit and revenue outlook.