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The Spokesman-Review Newspaper
Spokane, Washington  Est. May 19, 1883

The Ticker A Look Back At The Past Week On Wall Street

What’s hot

With the drop Wall Street has suffered through the past couple days, there weren’t many stocks that would qualify as hot. For example, even though the Wall Street Journal reported Friday that General Motors’ board will raise its dividend Monday and begin a stock buyback program, investors just yawned. GM’s stock rose a paltry 62-1/2 cents to $62.50. … In another of Friday’s “success” stories, Inbrand, the Atlanta-based maker of disposable adult incontinence products, gained 25 cents to $13.25 after dropping $6.50 Thursday. The company had announced poor second-quarter earnings and problems with consolidating recently acquired businesses.

What’s not

Talk about ice cold. Cascade Communications very nearly froze to death Friday after announcing poor sales of its frame relay products, the bulk of its revenue. The Westford, Mass.-based company dropped $23.12-1/2 Friday - more than a third of its value - to finish the week at $41. … A stock selling at discount is, appropriately, Discount Auto Parts. The retailer said third- and fourth-quarter results will not meet analyst expectations. But, considering how most stocks did Friday, the response was muted, with the stock dropping 12-1/2 cents to $18.25.