Stocks on the move MondayNew Century Financial, British Airways, Palm among sessions most actively traded.NEW YORK (CNNMoney.com) -- Here are some of the companies whose shares were active in Monday trading: Advanced Micro Devices (down $0.22 to $13.96, Charts) said Monday that it is unlikely to meet its previously estimated revenue guidance of $1.6 to $1.7 billion for the first quarter. Barnes & Noble (down $3.79 to $36.33, Charts), the No. 1, bookseller announced earnings well below analysts' estimates Monday, sending the company's stock plunging. British Airways' (down $6.25 to $96.25, Charts) stock price suffered in early London trading after a so-called "open skies" agreement was announced late Friday between the European Union and the United States that would create more competition on routes crucial to BA's earnings. DaimlerChrysler Ag (down $0.51 to $66.19, Charts)'s U.S. division Chrysler is reportedly being considered by private equity firm Blackstone Group as a possible acquisition target, according to a weekend report in the Detroit News. New Century Financial (down $8.34 to $6.31, Charts) announced Friday that prosecutors were investigating the subprime lender for both the trading of its stock and accounting errors related to how much the company set aside for loan losses. Palm (down $1.15 to $17.15, Charts), the maker of the Treo smart phone, is working with investment bankers to explore its strategic options, according to a report Monday in the Wall Street Journal. Research In Motion (up $0.06 to $136.03, Charts), the BlackBerry maker, announced early Monday that a review of stock options grants will cause it to restate its financial statements since fiscal 2004. Polo Ralph Lauren Corp. (down $0.49 to $82.93, Charts) and Swiss luxury goods group Richemont announced a joint venture to distribute watches and jewelry through shops of the U.S. company. ---------------- |
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