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B2B company

Ariba

(ARBA)

was down 6.3% in preopen

Island

TheStreet Recommends

trading after it named Robert Calderoni, a former

Avery Dennison

(AVY) - Get Avery Dennison Corporation Report

official, as CFO. He replaces co-founder Edward Kinsey, who is retiring.

Prudential

downgraded the stock to accumulate from strong buy.