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GE, SLM, ConocoPhillips, Marriott among big movers
Thursday, October 02, 2008 6:17 PM
Symbols: B, BA, COP, GE, MAR, RPM, SLM, STZ
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(Source: Associated Press/AP Online)trackingNEW YORK - Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

General Electric Co., down $2.35 at $22.15

The manufacturing and financial conglomerate priced an offering of 547.8 million shares at $22.25 each, about 9 percent lower than Wednesday's close.

SLM Corp., up 95 cents at $9.30

In a Securities and Exchange Commission filing, the student lender said it expects to meet or top expectations for third-quarter core earnings.

ConocoPhillips, down $2.98 at $67.72

Gulf Coast hurricanes shut down production for several weeks, and will hurt quarterly after-tax earnings by about $200 million, the oil company said.

Marriott International Inc., down $1.34 at $23.74

Third-quarter profit fell 28 percent, and the hotelier forecast 2009 earnings below analyst expectations on tough economic and financial conditions.

Constellation Brands Inc., down $1.90 at $19.73

Strong sales of vodka and high-end wines weren't enough to offset charges to shrink Australian operations, causing a quarterly loss.

Barnes Group Inc., down $3.03 at $16.73

The aerospace manufacturer withdrew its 2008 earnings guidance due to disruptions caused by a strike against Boeing Co. and the credit crisis.

UBS AG, up $1.15 at $20.10

The Swiss bank expects to post a small third-quarter profit, raising hopes that losses from soured U.S. mortgage-backed securities are near an end.

RPM International Inc., down $1.43 at $17.94

The coating and sealant maker said full-year profit might miss its prior forecast, and gave a range below analyst estimates, due to economic uncertainty.




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