Hovnanian shares plunge after results
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Shares of home builder Hovnanian Enterprises Inc  tumbled on Wednesday after the company posted a wider-than-expected loss as the value of its land and inventory continued to deteriorate.
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A surprisingly weak jobs report sent the markets reeling and plunged the major stock averages into a deficit for the week.
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Slashed earnings estimate pulls down shares.
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Leading shares closed sharply lower, with GlaxoSmithKline and Yell Group falling 7.6 percent and 15 percent respectively after warning on prospects in 2008, and Wall Street down on disappointing updates from Cisco and retailers.
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Leading shares closed lower with defensive stocks such as utilities the major fallers in London, and as Wall Street was sharply down on worries about writedowns and the trade deficit unexpectedly widening.
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The leading share index slipped into negative territory as the Lonmin mining group slumped by almost seven percent after cutting its full-year sales forecast, dealers said Monday.
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Shares plunged in morning trading as a jittery Wall Street sold off on a report showing a large drop in pending home sales.
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VMware Inc.'s high-flying stock plunged by more than 30 percent Tuesday as investors reacted to a disappointing fourth-quarter earnings report that raised worries about the business software maker's ability to cope with tougher competition and a slowing U.S. economy.
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Â· Northern Rock shares drop 30% after rescueÂ· Bank websites down as customers panic
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Leading blue chip shares ended sharply lower, sliding into the red in late trade.
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SHARES in Sportingbet plunged today as City traders had their first chance to express their alarm at the state of the international online gambling market.   The shares returned to trading after last Thursday's suspension following the arrest in New York of chairman Peter Dicks.
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Prices on these highly rated stocks have plunged in the past month.
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U.S. stocks fell sharply on Thursday as worries about mortgage delinquencies hurt bank shares and a warning from home builder Toll Brothers Inc.  underscored weakness in the housing market.
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Stocks were firmly negative heading into Wednesday afternoon, with a 1% decline on the Dow.
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The Dow was down more than 200 points at one point today as earnings reports from Wachovia and Caterpillar disappointed investors.
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Chiron Corp. shares plunged more than 16 percent Tuesday after it said the entire stockpile of flu vaccine it made overseas for the US market will be withheld this winter because British authorities suspended
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Shares plunge, company says to miss Wall Street forecasts as price cuts, expansion squeeze margins. NEW YORK  - Wild Oats Markets Inc.