DV spreads wings, GE turns light on, SE mulls bids

Posted on Wednesday, January 26th, 2011

DeVry Inc. (NYSE: DV) shares hurtled skyward 13.3 percent to $53.66 Wednesday, on volume of nearly three million shares, or about triple its daily average, on quarterly profits jumped 22 percent over the same quarter last year and its revenue rose 17 percent.

General Electric Company (NYSE: GE) traded in 52.1 million shares Wednesday, just shy of its daily average of 58.8 million. Share prices crept up 0.2 percent to $20.02, as President Obama’s State of the Union address made reference to bolstering infrastructure, boosting companies like GE.

Sara Lee Corporation (NYSE: SLE) shares lost 6.3 percent to $18.40 Wednesday, on volume of 27.2 million shares, nearly four times its daily average. The Downers Grove, Illinois-based packaged food company appears to be weighing bids from two suitors, bids that could be made public as early as Friday.

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