Companies:
On Tuesday January 19, 2010, 5:33 pm
Among the stock activity stories for
Tuesday, Jan. 19, from AP Financial News:
HARRISBURG, Pa. (AP) -- Shares of The
Hershey Co. rebounded after Kraft Foods Inc. increased its offer for British
candy maker Cadbury PLC, all but shutting out competition from the smaller U.S.
candy maker.
SAN FRANCISCO (AP) -- Sprint Nextel
Corp. shares fell after two of its rivals cut their cell phone service rates
and an analyst downgraded the wireless carrier, saying Sprint will almost
certainly need to follow suit to prevent more customers from defecting to other
carriers.
SAN FRANCISCO (AP) -- Shares of Pebblebrook
Hotel Trust rose after analysts said the real estate investment trust is in
good position to buy distressed properties that may recover their value over
the next several years.
NEW YORK (AP) -- United States Steel
Corp. shares climbed as an analyst upgraded the stock, citing an improved
outlook for the steel industry.
NEW YORK (AP) -- Shares of Baidu Inc.
fell after China's leading search engine operator said its chief technology
officer has resigned, the company's second unexplained departure within 10
days.