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Continued: Stocks rise sharply in afternoon trading; Gannett jumps after deal to acquire Belo

  • Article by: MATTHEW CRAFT , AP Business Writer
  • Last update: June 13, 2013 - 5:55 PM

Among stocks making big moves:

— Safeway jumped $1.71, or 7 percent, to $24.82 after the company said late Wednesday that it would sell its supermarket business in Canada to food retailer Sobeys for $5.7 billion.

— Gannett soared $6.75 to $26.60 after announcing its deal to buy Belo for $1.5 billion.

— Williams Companies fell 33 cents, or 1 percent, to $33.70. A fire at the company's Louisiana petrochemical plant sent its stock down. The plant makes highly flammable gases, ethylene and propylene.

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