Stocks Limp Along on Light Volumes

Priceline said it expects non-GAAP earnings of $11.10 to $12.10 for the third quarter ending in September, well below the current Wall Street consensus estimate for a profit of $12.76 a share. The company said its outlook "reflects an assumption that economic conditions in Europe will further deteriorate." Shares plunged 17%.

Macy's(M) posted a 16% gain in second-quarter net income and earnings per share of 67 cents on revenue of $6.12 billion. Analysts, on average, were expecting second-quarter earnings of 64 cents a share on sales of $6.12 billion. Shares gained 2.7%.

Jiangling Motors, the Chinese light commercial vehicle maker that is 30%-owned by Ford(F) , plans to buy Taiyuan Changan Heavy Truck Co..

China is the world's largest market for heavy trucks. It's Ford's first entry into the market.Ford shares closed up 0.4%.

-- Written by Andrea Tse in New York.

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