Rochester, NY 7/15/2009 7:52:28 PM
FDO - Update on Wednesday big movers are Family Dollar, NRG Energy, Amgen
FAMILY DOLLAR STORES
FAMILY DOLLAR STORES, FDO
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Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market, Family Dollar Stores Inc., up $3.43 at $31.18.The discount retailer's profit grew as recession-struck consumers hit its stores, and its year forecast beat analysts' expectations.NRG Energy Inc., up $1.27 at $23.35. The power company rejected Exelon's sweetened takeover bid, saying it was worth more, and boosted its profit outlook for the year. Steak n Shake Co., up $1.17 at $9.28. The fast-food chain said customer traffic grew 13.4 percent in its third quarter, fueling same-store sales by 5 percent. Las Vegas Sands Corp., down 25 cents at $6.65. The heavily-indebted casino operator said it may use an IPO of its Macau division and asset sales to raise between $3.5 and $4 billion.Alcoa Inc., up 5 cents at $9.46 Analysts expect the aluminum producer, which is seen as a bellwether for the broader economy, to report a second quarter loss.
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