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January 16, 2013 at 17:13 PM EST
Mixed Close On Modest Economic Expansion
The markets closed mixed with the Dow slipping 23 points to 13,511 as the nation's economy expanded moderately. Nasdaq added 6 points to 3117.
On the upside
VimpelCom (NYSE: VIP) plans to increase its cash-flow over the next three years by $2.9 billion and expects to pay a dividend of at least 80 cents per share in 2013 and 2014.
Shares of sporting goods retailer Cabela's (NYSE: CAB) soared after President Obama detailed proposals for stricter gun control.
Opko Health (NYSE: OPK) chief executive Phillip Gamma Frost, M.D. purchased 20,000 shares of company stock.
On the downside
Motley Fool noted that Celsion (Nasdaq: CLSN) will likely use all of its cash in 2013. UBS downgraded Ironwood Pharmaceuticals (Nasdaq: IRWD) to a Sell rating.
Shares of Hovnanian Enterprises (NYSE: HOV) fell as homebuilder confidence held steady in January.
In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE and by nearly 3 to 2 on Nasdaq. The broader S&P 500 index held steady at 1472.
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