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NCR (NCR -8.4%) plunges thanks to a WSJ report suggesting the company runs a Syrian subsidiary...
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Tuesday, August 14, 2012, 10:14 AM ETNCR (NCR -8.4%) plunges thanks to a WSJ report suggesting the company runs a Syrian subsidiary and does business with local banks, potentially in violation of U.S. sanctions. A source close to the company attributes this to a "paperwork mistake," but the Street clearly thinks it could be more serious. Wedbush is downgrading to Neutral in response.
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