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Continued: US stocks decline on disappointing earnings reports; Coca-Cola drops as soda sales fall

  • Article by: STEVE ROTHWELL , AP Markets Writer
  • Last update: July 16, 2013 - 3:45 PM

— Heidrick & Struggles International dropped $3.07, or 17 percent, to $14.79 after the executive search firm said it is longer pursuing a sale of its business and that its CEO is stepping down.

— Ford fell 52 cents, or 3 percent, to $16.60 after Goldman Sachs removed the carmaker from its "conviction buy list" due to a lack of catalysts to push the company's stock higher in the near future. Ford has gained 28 percent this year.

— Goldman Sachs dropped $2.76, or 1.7 percent, to $160.24 as investors focused on the outlook for the bank's regulatory environment, even after the bank said its profit doubled in the second quarter.

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