HEADLINE STOCKS-U.S. stocks on the move on April 17

Fri Apr 17, 2009 1:39pm EDT
 
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(Updates to afternoon trading, adds McDonald's, Superior and Zumiez)

NEW YORK, April 17 (Reuters) - Some U.S. stocks on the move on Friday:

CITIGROUP (C.N)

The bank reported a first-quarter loss that was narrower than expected. It also said it would delay the proposed exchange of billions of dollars of preferred shares into common stock until the government completed its "stress test" of large banks. [ID:nN17310824]

Shares of the company, a Dow component, fell 4.2 percent to $3.84.

GENERAL ELECTRIC (GE.N)

The industrial conglomerate on Friday reported first-quarter results that were better than expected and said its order backlog was steady at its industrial arm. [ID:nN17446745]

Shares of the company, a Dow component, rose 2.6 percent to $12.59 a share.

GENERAL MOTORS (GM.N)

Shares slid 5.2 percent to $1.84 after the automaker's CEO said that while the company could still restructure out of court, it was more probable it may need to seek bankruptcy protection to complete that process. [ID:nN17328447]

GOOGLE INC (GOOG.O)

The Internet search company late Thursday reported first-quarter earnings that beat expectations, but also said that the economic environment remained difficult. [ID:nN16272680]

Shares rose 0.5 percent to $390.65.

MATTEL MAT.N

The toy company reported a first-quarter loss that was a penny wider than expectations, but investors were cheered by the company's better gross margins. Sales were down 15 percent in the quarter. [ID:nN17188731]

Shares of Mattel rose 15 percent to $14.98.  Continued...

 

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