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Futures Indicate Lower Open After Obama Plans to Raise Minimum Wage as Comcast Hits New 52 Week High

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Thu Feb 14, 2013 9:30am EST

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NEW YORK,  February 14, 2013  /PRNewswire/ --

McDonald's Corp., the largest restaurant chain in the world, was the biggest
decliner in the Dow. The stock lost  $1.10  to  $94  after President Obama
announced plans to raise the minimum wage. The Company, who has about 14,000
U.S. locations, saw shares fall more than 10% in 2012.

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Cliffs Natural Resources Inc. (NYSE: CLF) - Shares of CLF plunged on Wednesday,
making the stock the 2nd  biggest loser on the NYSE. The stock closed down
19.99% after reporting a huge quarterly loss of  $1.62 billion, or  $11.36  per
share, which is more than a third of what the entire company is worth today. The
stock has a 52-week trading range of 28.05 - 73.63. Yesterday's volume at
35,448,782 shares was nearly five times higher than the stock's average volume.
On  January 30th, the Company's SVP, Global Operations Service sold 3283 shares
at  $36.42. The Company engages in the production of iron ore pellets, fines and
lump ore, and metallurgical coal.

Comcast Corporation (Nasdaq: CMCSA) - CMCSA hit a new 52-week high on Wednesday
at  $42.00  a share. The stock closed modestly in the green up 2.98%. Comcast
has a  $16.7 billion  deal to buy the remaining half of NBCUniversal and is
doing it ahead of schedule. General Electric has a 49 percent stake in the
NBCUniversal joint venture and Comcast announced this week they would buy it
several years early. Comcast said it would finance the deal with  $11.4 billion 
of cash on hand,  $4 billion  in debt owed to GE,  $2 billion  from its own
credit lines and  $725 million  in preferred stock issued to GE. CMCSA traded
57,070,793 shares on Wednesday, significantly higher than the stock's average of
11,874,300 shares.

Cisco Systems, Inc. (Nasdaq: CSCO) - CSCO shares closed barely in the green at
21.14 on Wednesday, just a hair away from the stock's 52-week high of 
$21.34.The Company reported results for fiscal Q2 2013 that generally met
analyst projections. For the quarter, the company posted net sales of  $12.1
billion  and non-GAAP net income of  $2.7 billion  ($0.51  per share). Cisco
Systems logged revenue of  $12.10 billion. The 36 analysts polled by S&P Capital
IQ looked for a top line of  $12.06 billion  on the same basis. GAAP reported
sales were the same as the prior-year quarters. On  January 31st, a Director of
the company bought 7m309 shares.

Furniture Brands International Inc. (NYSE: FBN) - FBN was the biggest decliner
on the NYSE yesterday closing in the red down 21.28%. The Company announced
financial results for the fourth quarter and full year ended  December 29, 2012.
Net sales of  $264.0 million  was an increase of 3.3% compared to the fourth
quarter of 2011 and gross margin of 20.7%  was less than 23% in the fourth
quarter of 2011. Total revenue for the year decreased 3.2% to  $1.07 billion 
from  $1.11 billion  in 2011. Trading volume at 3,023,925 shares was
significantly higher than the stock's average of 463,931 shares. Furniture
Brands International, Inc. is a world leader in designing, manufacturing,
sourcing and retailing home furnishings.

Plug Power Inc. (Nasdaq: PLUG) - Plug Power was the biggest loser on the Nasdaq
yesterday closing down 26.42%. The stock hit a new 52-week low on Wednesday at 
$0.25. Trading volume was unusually high with over 2.7 million shares traded.
Plug Power Inc. engages in the design, development, commercialization, and
manufacture of fuel cell systems for the industrial off-road markets worldwide.
One month ago shares of plug were trading at more than double its current price
at  $0.59.

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