Check Point Software Declines Most Since 2008 in New York

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Check Point Software Technologies Ltd., the world’s second-largest maker of security network equipment, headed for the biggest decline since 2008 on concern earnings growth will slow.

Shares of the Tel Aviv-based company dropped 8.1 percent to $58.86 at 1:28 p.m. in New York, set for the steepest retreat since Oct. 15, 2008.