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Stocks to Watch: Boeing, ConocoPhillips, General Motors, Google, Sony


Life in the fast lane...

  • Aetna (AET) on Thursday said second-quarter net income fell slightly as it faced competitive pressures in certain geographical markets.
  • Bank of New York (BK) shuffled the responsibilities of its senior management as the U.S.'s oldest bank continues to refocus on its asset-management and private-banking businesses.
  • Boeing (BA) swung to a $160 million loss as charges offset robust jet orders, and it signaled rising development costs for its 787 jet.
  • Citigroup (C), hampered by an undersized bank-branch network, is looking to its much larger consumer-financing arm to compete more aggressively for deposits.
  • ConocoPhillips's (COP) net surged 65% on high oil prices, big refining margins and the acquisition of natural-gas producer Burlington.
  • EMI Group (EMI) plans to say that it is no longer pursuing a $4.6 billion proposal to buy Warner Music, the latest failure in efforts for a tie-up.
  • Fannie Mae's (FNM) top regulator said that the mortgage giant had recently come forward with a new business plan, but he would offer no further details.
  • General Motors (GM) reported a $3.2 billion loss that included $4.3 billion in charges, in part due to an employee-buyout program. But investors were cheered by the auto maker's cost-cutting efforts and a 12% jump in revenue.
  • Google (GOOG) said it plans show AdWords advertisers how many times the Internet giant believes their ads were the subject of a click fraud.
  • Intel (INTC) is taking the wraps off its Core 2 Duo chips, as a number of PC makers will show off machines based on the new chips. But ATI-based systems will not be prominently featured.
  • Kimberly-Clark's (KMB) profit fell as rising costs for energy and raw materials and depreciation expenses offset a 4.3% increase in revenue.
  • Microsoft (MSFT) said it would buy health-care software technology called Azyxxi, which gives physicians instant access to patient data from numerous sources.
  • Phelps Dodge (PD) said its second-quarter net fell despite high commodity prices, due to a charge tied to hedges the company put in place to protect against volatility of metals prices.
  • Sony (SNE) swung to a better-than-expected quarterly operating profit, propelled by robust sales of its Bravia brand LCD televisions and Cybershot digital cameras, in a sign that its recovery is on track.
  • Starwood Hotels & Resorts Worldwide (HOT) on Thursday said its quarterly profit rose sharply as it sold hotels to switch to a model that relies more on management and franchise fees.
  • Symantec's (SYMC) profit slid on higher expenses and acquisition-related charges, though revenue soared thanks to its purchase of Veritas. Shares rallied in late trading.
  • WellPoint (WLP) said profit rose 34%, citing disciplined underwriting, checks on overhead and medical costs and effects of an acquisition.
No positions in stocks mentioned.

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