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Company News for July 8, 2013

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•    Shares of Annaly Capital Management, Inc. (NYSE:NLY) dropped 5.1% after the 10-year U.S. Treasury  yield moved above 2.7%  

•    Shares of Tesla Motors Inc. (NASDAQ:TSLA) surged 4.21% to a record high after it received a large number of orders from Hong Kong for its newly introduced Model S sedan

•    Shares of Dell Inc. (NASDAQ:DELL) dropped 2.1% following reports that Michael Dell and Silver Lake will not increase their buyout offer of $24.4 billion

•    Shares of both Bank of America Corp (NYSE:BAC) and Citigroup Inc (NYSE:C) gained 1.8%. A rise in interest rates is usually beneficial for large banks because it increases their net interest margins


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