Embratel Shares Plunge in Brazil, N.Y.
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Shares in Embratel Particapoes SA, Brazil's largest long-distance carrier, plunged in Sao Paulo and on Wall Street Tuesday after the company announced it would issue $704 million in new shares but divulged few details about the plan.
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Sobering expectations â foreshadowed on Sunday when management announced lower prices â weighed on the companyâs already drooping stock.
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Shares of Tellabs Inc. TLAB.O fell  2.6 percent before the opening bell on Tuesday after the  company posted lower-than-expected revenue and earnings.
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World stocks fell sharply on Monday,  battered by fears of U.S. recession and investor disappointment  about a fiscal rescue plan promoted by the U.S. administration.
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German insurance and travel stocks such as Munich Re and TUI AG fell after the world&#39;s most powerful earthquake in 40 years struck Asia.
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U.S. stocks plunged on Tuesday, joining a global equities rout sparked by the biggest one-day drop in Chinese stocks in a decade.
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Shares of the Nasdaq Stock Market  plunged to their lowest levels in over a month after the London Stock Exchange  urged shareholders to reject a 2.7 billion pound ($5.27 billion) hostile bid from the largest U.S. electronic stock market.
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Yum Brands Inc.  shares fell 2.4 percent on Friday after an analyst downgraded the stock due to concerns about slowing sales momentum in the United States and difficult upcoming sales comparisons at KFC and Taco Bell.
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Shares in US drugmaker Pfizer plunge after it halts development of its most important experimental drug.
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Shionogi Co. shares fell as much as 14.4 percent in Tokyo on concerns in the European Union and US about the safety of Crestor, a cholesterol-reducing drug developed by the Japanese company and sold by AstraZeneca Plc.
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AMR Corp  shares fell over 14 percent on Monday, its biggest one-day loss in more than four years, after the parent of American Airlines issued a disappointing revenue forecast, stoking concerns of slowing demand and rising costs.
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TORONTO (CP) - Shares of Iamgold fell more than 10 per cent after its proposed merger with Gold Fields Ltd. was thrown into doubt Monday as South Africa&#39;s Harmony Gold Mining Company Ltd.
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Stock markets around the world plummeted today in a wave of selling set off by a plunge in China.
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Shares of Expedia Inc. plunged Monday after the online travel agency said it would curtail stock-buyback plans because of a lack of financing on acceptable terms.
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Shares in the German chip maker Infineon have plunged after the company unveiled disappointing quarterly results.
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Shares at Nippon Steel, the world's second largest steel firm, slump after reporting falling quarterly profits.
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Stocks of branded and generic drug makers closed down a bit Tuesday as clinical study results mixed with merger updates. One of the big winners on the day was Nektar Therapeutics, on news that Exubera, the