Stocks mostly lower as earnings fall short


January 18, 2014 at 12:00a.m.

Stocks mostly lower as earnings fall short

NEW YORK

Investors weren’t impressed with the earnings news from big U.S. companies Friday.

Intel slumped after giving a weak revenue forecast, and General Electric dropped after its profit margins fell short. Capital One also fell after the bank’s earnings missed expectations.

The Dow Jones industrial average rose 41.55 points, or 0.3 percent, to 16,458.56.

Company files for bankruptcy after W.Va. spill

CHARLESTON, W.Va.

The company blamed for a chemical spill that left 300,000 West Virginians without safe drinking water filed for bankruptcy Friday.

Freedom Industries Inc., facing at least 31 lawsuits and state and federal investigations after the Jan. 9 spill, filed a Chapter 11 petition with the U.S. Bankruptcy Court in the Southern District of West Virginia.

The bankruptcy proceedings freeze the lawsuits against Freedom Industries, said Charleston attorney Anthony Majestro, who is representing several small businesses that sued the company.

Wire reports

Selected local stocks

STOCK, DIVIDENDCLOSECHANGE

Aqua America, .61, 23.53 .45

Avalon Holdings,5.39.14

Clear Channel, .61 22.31 —.29

Cortland Bancorp, 10.50.00

Farmers Nat., .126.77 .01

First Energy, 2.20, 32.60.10

FirstMerit Corp., .64,22.55 .26

First Niles Financial, .32,6.39.00

First Place Fin., .00.00

FNB Corp., .48,12.62—.02

General Motors,38.60—.40

General Electric, .76,26.57—.64

Huntington Bank, .20, 9.63.00

JP Morgan Chase, 1.52,58.13—.87

Key Corp, .22,13.55.01

LaFarge, 19.37 —.07

Macy’s, 1.00, 56.21.18

Parker Hannifin, 1.80, 127.43—1.74

PNC, 1.76,82.241.31

RTI Intl. Metals,32.35—.27

Simon Prop. Grp.,4.60,156.76—.64

Stoneridge 11.68 —.11

United Community Fin. 3.62—.01

Selected prices at 4 p.m. Friday. Provided by Stifel. Not to be construed as an offer or recommendation to buy or sell any security.