Among the stock activity stories for Monday, April 27, from AP Financial News:
NEW YORK (AP) Shares of Orient-Express Hotels Ltd. plunged 32 percent Monday after the company said it breached a mortgage loan agreement, expects to book a first-quarter loss and plans to sell 15 million shares in a public offering. NEW YORK (AP) Shares of Con-way Inc. fell Monday after an analyst downgraded the stock, warning that falling shipments and lower prices forced by stiff competition will continue to hurt the already suffering trucker. NEW YORK (AP) Shares of YRC Worldwide Inc. plunged Monday as investors continued to digest a disappointing first-quarter report, and an analyst said the trucking company is at risk of losing customers as it integrates two business units. NEW YORK (AP) Shares of Limelight Networks Inc. soared Monday after a court reversed a prior jury verdict and ruled in its favor, saying the network services provider does not infringe a patent held by Akamai Technologies Inc. NEW YORK (AP) Arch Coal Inc.'s bleak first-quarter earnings, dismal 2009 profit outlook and production cuts sent shares tumbling for the second straight day and prompted two analysts to cut the coal company's price target.- Loading Comments...
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