Top Volume Stock Losers - NYSE: DFS, PCS, LDK

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Discover Financial Services (NYSE:DFS) is down 7.01% to $15.27 on 4.97 million  shares after the company today reported income for the quarter and year ended Nov. 30, 2009. Expenses were down $18 million, or 3% from the prior year, reflecting the impact of cost containment initiatives, partially offset by costs associated with the global expansion initiative of $13 million and a $9 million charge related to a facility closure. Full year income from continuing operations was $1.3 billion, up 22% from last year. Income from continuing operations for full year 2009 and 2008 included $1.2 billion and $535 million (after-tax).

MetroPCS Communications, Inc.(NYSE:PCS) declines 6.37% to $7.20 on 4.15 million shares after the company announced that on December 15, 2009, a class action lawsuit was filed in the United States District Court for the Northern District of Texas against MetroPCS Communications, Inc.. The complaint alleges violations of federal securities laws, Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5, including allegations of issuing a series of material misrepresentations to the market which had the effect of artificially inflating the market price.

LDK Solar Co. Ltd (NYSE: LDK) plunges 10.54% to $8.23 on 4.82 million shares after the company announced that it has signed an indicative term sheet with VMS Investment Group Ltd. and its affiliates, or the Investors, pursuant to which the Investors have agreed to subscribe between $50 million to $80 million aggregate amount of redeemable and convertible preference shares of the Cayman Islands subsidiary, which is to be created to hold and operate LDK Solar's polysilicon business, valuing the entity at $1.30 billion to $1.65 billion.

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