Movers: Fannie Mae, McDonald's, Anadigics, Merrill Lynch, Sprint Nextel

Stocks in the news Friday

Fannie Mae (FNM) posts $2.54 second quarter loss, vs. $1.86 EPS a year ago, as credit-related expenses (provision for credit losses plus foreclosed property expense) offset 5.0% revenue rise. Cites challenging housing and mortgage market conditions, and credit performance. Slashes $0.35 dividend to $0.05. Says core capital of $47 billion has exceeded regulatory requirements. S&P upgrades to hold from sell.

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