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Movers: GE, Nike, Discover Financial Services, Goodyear

Sep 25, 2008
Story Timeline:  104 days

General Electric cuts $0.50-$0.54 third quarter EPS guidance to $0.43-$0.48, reflecting "unprecedented" weakness and volatility in financial services markets. Does not expect difficult conditions in financial services markets to improve in near future. Cuts $2.20-$2.30 2008 EPS guidance to $1.95-$2.10. Suspends stock buyback. S&P Ratings Services affirms its 'AAA' long-term rating. Nike posts better-than-expected... [read full story]                    

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Latest article on this story:

Movers: WaMu, JPMorgan, Research in Motion, Accenture

businessweek.com Sep 26, 2008
First article on this story:

Movers: GE, Nike, Discover Financial, Capital One, Goodyear

businessweek.com Sep 25, 2008
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