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DaVita Inc., a provider of dialysis services, will replace Clear Channel Communications Inc., which is being taken private, after the close of trading July 30, Standard & Poor's said Thursday.
The lodging sector looked less than comfortable Thursday as earnings reports from two major hotel and casino companies outlined the troubles facing the industry in the U.S.
Shares of several major U.S. home builders plunged Thursday after a real estate trade group reported sales of existing homes fell sharply in June, pushing up the supply of unsold homes on the market -- a potential drag on the sector.
Shares of Nokia Corp., the world's biggest cell phone maker, rose more than 2 percent Thursday as the company's truce with chip maker Qualcomm Inc. alleviated fears that their long-running licensing battle would disrupt the mobile industry.
Shares of Baidu.com Inc. leaped Thursday after China's leading search engine reported scorching second-quarter profits on rapidly accelerating sales to smaller advertisers.
Shares of American Express Co. fell Thursday after amid a decline in the broader market and a day after Standard & Poor's reduced its long-term view on the credit card company.
Two cornerstones of the economy -- jobs and housing -- sank to new depths Thursday, with unemployment claims bolting higher and home prices recording one of their steepest drops on record.
Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market: NYSE
Shares of Crocs Inc lost about half of their value on Thursday after the shoemaker slashed second-quarter and 2008 profit and revenue forecasts on an unexpected slowdown in business and weak reorders.
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