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Nokia, Supervalu, Tiffany are market movers

Source : AP
Last Updated: Thu, Jan 10, 2013 22:30 hrs

Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

Supervalu Inc., up 43 cents at $3.47

The grocery store operator is selling five of its biggest chains for $100 million in cash plus more than $3 billion in debt.

Ford Motor Co., up 36 at $13.83

The automaker is doubling its quarterly dividend to 10 cents, nine months after paying its first dividend in more than five years.

Tiffany & Co., down $2.86 at $60.40

The luxury jewelry company said that sales during the holiday season rose 4 percent globally, which was lower than expected.

Ruby Tuesday Inc., down 48 cents at $7.83

The restaurant operator posted a second-quarter loss and said it plans to close several locations and sell one of its chains.

Nokia Corp., up 70 cents at $4.45

The Finnish phone maker said that it sold 86.3 million mobile devices in the fourth-quarter, exceeding its own expectations.

Aeropostale Inc., down 13 cents at $13.24

The teen retailer said that sales during the holiday shopping season declined and it cut its fourth-quarter earnings forecast.

American Eagle Outfitters Inc., down 69 cents at $19.94

The teen retailer said that a key revenue metric grew at a much slower pace so far this quarter than it did a year ago.

Nasdaq

Ascena Retail Group Inc., down $1.26 at $16.86

Following weak holiday sales, the owner of clothing store chains Lane Bryant and dressbarn cut its profit outlook for the year.



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