Regulatory decisions caused some fortunes to rise and fall this week, lead by a $2.1875 per share gain for Boeing Co., closing the week at $55.1875, after the Federal Trade Commission approved the Seattle-based airplane manufacturer’s $14 billion acquisition of rival McDonnell Douglas…. Washington Mutual also benefited from a report, this one by Lehman Brothers, which included WAMU in its 1997 “Ten Uncommon Values” stock portfolio. The mention boosted shares $2.0625 to close at $64.1875…. And in Houston, offshore construction company Cal Dive International enjoyed unexpected attention from investors who wanted shares at the initial public offering price of $15, settling for $20.1875 by the end of the week.
Office Depot suffered from its own regulatory landmark decision this week when a federal judge blocked Staples from buying the office products competitor, sending Office Depot shares down nearly $3 to close at $16.5625…. Seattle-based Cellular Technical Services shares dropped $4 to close at $6.21875 as the maker of products for the wireless communications industry warned that delays in orders will cause it to post an unexpected second-quarter loss.
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