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Major Movers on May 3; AIG, KRFT, LNKD, OPEN, ADP

Shares of American International Group Inc. (NYSE: AIG), climbed about 5.40% by afternoon trade after the insurer on Friday posted profit of $1.34 per share for the fiscal first quarter, comfortably beating analysts’ consensus estimate of 87 cents a share. Revenue however missed analysts’ expectation. Meanwhile, analysts at JP Morgan Chase reiterated “neutral” rating on [...]

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Kraft Foods Group Reports 13 Percent Increase in Fiscal Q3 Earnings (KRFT)

Shares of packaged-food company, Kraft Foods Group Inc. (NASDAQ: KRFT) edged up on Wednesday after the maker of Oscar Mayer deli meat and Kraft Cheese reported better-than-expected fiscal third-quarter results as the introduction of expensive mix of products, productivity gains and increased advertising spending helped bolstering the top line growth.

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