(Updated with stock prices.)

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The Dow and Nasdaq reversed earlier slides to close up for the day, but the S&P 500 was stilll down. Oil continued lower as well, slipping to below $61. Here are some of the stocks in the news today:

Late yesterday, Google ( GOOG) revealed plans to develop its Chrome OS operating system, putting it in direct competition with Microsoft ( MSFT). Google closed up $5.86, or 1.5%, at $402.49 on Wednesday, while Microsoft added 3 cents to $22.56.

Also late on Tuesday, Discover Financial Services ( DFS), in an effort to raise money to repay TARP assistance it received, offered 54 million common shares at $9.25 each. After trading up earlier today, the stock closed down 25 cents, or 2.7%, at $9.12.

In analyst ratings news, Susquehanna upgraded Amazon ( AMZN) to positive with a $100 price target, Credit Suisse upgraded DryShips ( DRYS) to outperform, ThinkEquity upgraded First Solar ( FSLR) to buy, and Morgan Keegan initiated coverage of Qualcomm ( QCOM) with an outperform rating.

Amazon added $1.73, or 2.3%, to $77.36 on Wednesday; DryShips closed up 30 cents, or 6.1%, at $5.20; First Solar gained $4.84, or 3.3%, to $149.58; and Qualcomm slipped 13 cents, or 0.3%, to $43.55.

Making TheStreet.com headlines were a technical take on smartphone stocks, including Apple ( AAPL); T. Boone Pickens' decision to abandon his plan to build the world's biggest wind farm in favor of multiple smaller projects; and GE's ( GE) debt rating.

With this in mind, we thought we'd take a look at some of the stocks in today's news and see what Jim Cramer's had to say about them.

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