Corning Slips as it Delays Expansion - TheStreet

Corning (GLW) - Get Report was down 1.2% after the company said it will delay the construction schedule of its plant in Oklahoma City by 12 to 18 months, and also slow expansion plans for its North Carolina facility.

The company, the No. 1 fiber-optic cable maker, said it was making the adjustments to match current market conditions.

This morning,

Deutsche Banc Alex. Brown

downgraded its rating on Corning to market perform from buy.