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July 11, 2013

Stocks rise after Bernanke allays stimulus fear

(Continued)

NEW YORK — — Bridgepoint Education rose $3.53, or 28 percent, to $16.25, after the for-profit education company said its Ashford University had won accreditation. Bridgepoint, which also operates the University of the Rockies, struggled with accreditation problems for much of 2012.

—Microsoft rose 64 cents, or 1.9 percent, to $35.36, after the company announced a major reorganization. The world's largest software maker has been struggling with a steady decline in PC demand as people turn to tablets and other mobile devices.

— Rockwell Medical Technologies Inc. jumped 84 cents, or 22 percent, to $4.58, after the drug developer said its experimental treatment for iron deficiency in kidney patients met its goals in a late-stage study, an important step toward approval of the treatment.

— Celgene rose $8.47, or 6.8 percent, $133.50 after the Swiss drugmaker said its cancer drug Revlimid met its goals in a late-stage study as a treatment for the blood cancer multiple myeloma.

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