Movers roundup: Satyam, Barnes Group
By
Associated Press
June 10, 2009
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Among the stock activity stories for Wednesday, June 10, from AP Financial News:
NEW YORK (AP) _ Shares of outsourcing firm Satyam Computer Services Ltd. rose by about a third on Wednesday after an analyst rated the company "overweight" and it reported unaudited results showing it was profitable even after a fraud scandal.
HARTFORD, Conn. (AP) _ Shares of Barnes Group Inc. fell sharply Wednesday, a day after the aerospace and industrial-components manufacturer withdrew its guidance for the year because of the recession and uncertainty in transportation markets.
NEW YORK (AP) _ An analyst upgraded Popular Inc. Wednesday after the Puerto Rican financial services company announced an exchange offer to raise common equity and suspended preferred dividends.
NEW YORK (AP) _ Shares of E-Trade Financial Corp. advanced Wednesday after a report that the struggling online brokerage was working with its largest shareholder to strengthen its financial position.
LAS VEGAS (AP) _ Shares of Shuffle Master Inc. surged Wednesday after the casino equipment maker reported stronger-than-expected quarterly results.