Movers roundup: LM Ericsson, Freeport-McMoRan

Among the stock activity stories for Tuesday, July 22, from AP Financial News: NEW YORK (AP)--Shares in Sweden's LM Ericsson fell Tuesday after the world's largest wireless equipment maker reported a 70 percent plunge in second-quarter profits on costs related to acquisitions, development and restructuring. DENVER (AP)--Shares of Freeport-McMoRan Copper & Gold Inc. dropped 6 percent Tuesday after the global mining company reported its second-quarter income slid 14 percent because of lower sales volume and one-time costs. NEW YORK (AP)--Shares of automotive retailer AutoNation Inc. jumped Tuesday on news that Microsoft Corp. founder Bill Gates owns a 5.5 percent stake in the company. NEW YORK (AP)--Share of Pepsi-Cola bottler PepsiAmericas Inc. rose Tuesday after the company revised its full-year outlook higher than Wall... [read full story]