Tuesday, December 7, 2010

How market plunge is affecting Phila. companies - Dallas Business Journal:

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(NYSE:WB), which has been decimated by its subprimemortgagr holdings, and which will be sold to it was announced Monday, closexd down 82 percent. Another bank that has been rockex by thesubprime crisis, in particula through investments in Fannie Mae and Freddie Mac that are now virtuallhy worthless, is Philadelphia-based (NYSE:SOV). Its sharew closed down by two-thirds. Here is a sampling of how some othefr local stocks were faringMonday Camden, N.J.-based (NYSE:CPB) closed up less than 1 percengt at $37.75. Philadelphia-based cable giant (NASDAQ:CMCSA, CMCSK) closef down 13 percent at $18.01. , whichg has a U.S. headquarters in Philadelphia, closed down 7 perceng at $42.08. Horsham, Pa.
-based diet meals companty closed down 9 percentat $18.51. Philadelphia-basee — Manny, Moe & Jack (NYSE:PBY) close d down 3 percent at $6.18. Tastykakse maker closed down 16 percentat $4.03. The Dow Jone Industrial Average closed down7 percent, or 780 points, its worsf one-day point drop ever.

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