Business

Sector roundup: Office retailers, Apple suppliers

CEOinIRVINE 2008. 12. 11. 07:06

Among the sector activity stories for Wednesday, Dec. 10, from AP Financial News:

CHICAGO (AP) - Shares of the nation's office suppliers rose Wednesday after Office Depot Inc. (nyse: ODP - news - people ) said it would eliminate 2,200 jobs and close 112 stores in a cost-cutting effort.


NEW YORK (AP) - An FBR Capital Markets (nasdaq: FBCM - news - people ) analyst said Wednesday that Apple Inc. (nasdaq: AAPL - news - people )'s production cutbacks appear to be slackening, in a welcome sign for the company's parts suppliers.

NEW YORK (AP) - Airlines stocks fluctuated Wednesday as the broader markets rose but oil prices also increased.

NEW YORK (AP) - Shares of online travel companies Orbitz Worldwide (nyse: OWW - news - people ) Inc. and Expedia Inc. (nasdaq: EXPE - news - people ) edged lower Wednesday as an analyst said deteriorating travel trends and poor visibility are concerns for both online travel companies.

NEW YORK (AP) - Shares of drybulk shipping companies rose strongly Wednesday on signs that ships may be moving again and rates for the vessels are rising.

NEW YORK (AP) - Shares of credit-card lenders and processors moved slightly lower Wednesday as analysts worried about recent data indicating consumers are pulling out the plastic less frequently as the economy continues to weaken.