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Movers Roundup: GE, Ticketmaster

The Associated Press

03/20/09 - 02:30 PM EDT

Among the stock activity stories for Friday, March 20, from AP Financial News:

NEW YORK (AP) — Shares of the conglomerate General Electric Co. tumbled Friday morning after several analysts lowered their earnings forecasts following GE's statements Thursday that its finance unit could just break even this year because of the weak economy.

MILWAUKEE (AP) — Shares of ConAgra Foods Inc. rose Friday after an analyst predicted that strong sales of its top food brands, including Healthy Choice and Chef Boyardee, mean its third-quarter will grow.

NEW YORK (AP) — Shares of Ticketmaster Entertainment Inc. were down Friday after it reported results that analysts called weak, and the ticket-selling company declined to provide a forecast.

BOSTON (AP) — Shares of Cabot Corp. tumbled Friday after an analyst downgraded his rating on the specialty chemicals manufacturer over concerns about the lagging market for carbon black, an ingredient in rubber compounds.


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