BUZZ-U.S. Stocks on the Move-Solazyme, Genworth, Planar, Qualcomm
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U.S. stocks edged modestly lower from record levels on Thursday as energy shares continued their recent decline and weak results pressured the technology sector. The Dow Jones industrial average was up 0.26 percent at 17,529.71, the S&P 500 was up 0.16 percent at 2,026.74 and the Nasdaq Composite was up 0.10 percent at 4,625.337.
** GENWORTH FINANCIAL INC, $9, -36.03 pct
The mortgage insurer reported a surprise third-quarter loss, hurt by losses at its U.S. life Insurance business. The company said it is open to all strategic alternatives and also suspended dividend payments from life insurance unit for rest of 2014 and 2015
** QUALCOMM INC, $68.5558, -11.20 pct
The company warned on Wednesday that an antitrust investigation and problems collecting royalties could harm its business in China next year and it also disclosed new regulatory investigations in the United States and Europe.
As many as nine brokerages cut their price targets on the stock on Thursday. Continued...