Stocks Lose More Ground
A higher-than-expected wholesale inflation figure weighs on the major indexes after Monday’s rally
May 17, 2005
Buybacks, solid earnings forecasts lift indexes
Stocks rose on Monday on growing optimism about second-quarter earnings and plans by Johnson & Johnson and ConocoPhillips to buy back their own shares.
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Convergys CEO enters into stock-trading plan
James Orr has entered into a pre-arranged trading plan for the possible sale of up to 340,000 shares of Convergys stock, the company said Monday.
