– National
:
Stocks ended the session mixed Wednesday as General Motors Corp. hit an 18-year low, dragging down the Dow. Rising oil prices also dulled investor enthusiasm.
The Dow Jones Industrial Average fell 11.68, or 0.1 percent, to 10,674.76. The Standard & Poor’s 500 Index rose 2.20, or 0.2 percent, to 1,231.21. The Nasdaq Composite Index rose 1.19, or 0.1 percent, to 2,187.93.
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Read the full Associated Press story
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– Local
:
Shares of Activision Inc. rose 0.7 percent to $16.87 after the Santa Monica-based company signed a long-term deal with Glendale-based DreamWorks Animation SKG Inc. granting it video game rights to DreamWorks’ upcoming animated feature films. Financial terms of the deal were not disclosed.
Countrywide Financial Corp. fell 1.4 percent to $34.34 after the Calabasas-based mortgage banking company and London-based Barclays Plc agreed late Tuesday to end a relationship in which Countrywide provides support services for Barclay’s origination of home loans in Britain. Countrywide also sold 500 million euros ($585 million) in bonds Wednesday.
And shares of Public Storage Inc. lost 1.3 percent to $68.96 after the Glendale-based real estate investment trust’s stock was rated “hold” in new coverage by analyst Ivan Feinseth at Matrix USA.
