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Monday's moversDaimlerChrysler, Ford, Google, Wal-Mart among Monday's active shares.NEW YORK (CNNMoney.com) -- DaimlerChrysler (down $1.51 to $57.89, Charts) The automaker's turnaround plan is likely to include job cuts and the closing of two of 13 North American assembly plants, according to a report in the Chicago Tribune. Ford Motor Company (down $0.36 to $8.16, Charts) The No. 2 automaker said Monday it is seeking $18 billion in financing to help smooth out its cash flow issues, fund its restructuring and add liquidity.
Google Inc. (down $17.92 to $487.08, Charts) Shares of the Web search leader are overvalued and poised to fall, just like peers Amazon.com (Charts) and eBay (Charts) did, the weekly financial newspaper Barron's said this weekend. Hilton Hotels Corporation (down $1.70 to $32.10, Charts) A.G. Edwards downgraded the hotel chain to "hold" from "buy." Marriott Intl Inc (down $1.64 to $44.81, Charts) The hotel chain was downgraded by A.G. Edwards to "hold" from "buy." Quest Software Inc. (down $0.79 to $14.56, Charts) The software company said Friday its senior vice president of corporate development resigned after he refused to be interviewed by the special committee investigating the company's stock options dating practices. Wal-Mart Stores, Inc. (down $1.22 to $46.68, Charts) Shares of the No. 1 retailer tumbled after it estimated November sales would fall 0.1 percent at U.S. stores open at least a year. United States Steel Corp (down $3.34 to $71.93, Charts) Soleil downgraded the No. 2 steelmaker to "hold" from "buy." --------------------------------------- |
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