AIG, Merck, YRC Worldwide are big movers
NEW YORK — Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market:
NYSE:
American International Group Inc., down $3.62 at $9.48
An analyst said the insurer’s equity may be zero due to risk of continued losses from credit default swaps and assets sold cheaply.
Emulex Corp., down 76 cents at $8.94
Broadcom Corp. is dropping its bid for the network gear maker after its board rejected an $11 per share offer as too cheap.
Merck & Co., down $1.03 at $27.01
One analyst downgraded the company amid market speculation as to why the pharmaceutical halted a clinical study of cholesterol drug Zetia.
Saks Inc., down 46 cents at $4.29
The luxury retailer said its same-store sales fell 4.4 percent in June, which was better than expected because of a designer sale event.
Sprint Nextel Inc., up 17 cents at $4.46
The telecom struck a seven-year network operations deal worth up to $5 billion with Swedish company LM Ericsson, transferring 6,000 jobs.
Validus Holdings Ltd., down 83 cents at $21.77
The Bermuda-based insurer reached a deal to buy reinsurer IPC Holdings Ltd. after boosting the cash portion of its stock-and-cash bid.
Target Corp., up $1.13 at $38.39
Same-store sales dropped a deeper-than-expected 6.2 percent in June, but the discount retailer backed its second-quarter profit guidance.
NASDAQ:
YRC Worldwide Inc., up 60 cents at $1.49
The heavily-indebted trucker said it had reached a tentative deal on concessions with its union and started talks with big debt holders.
Related News
Navy awards $60 million cell phone contract to AT&T, Sprint Nextel, VerizonSeptember 21st, 2009 Navy awards $60M deal to 3 wireless providersWASHINGTON — The Navy awarded a bundled $60 million contract to AT&T Inc., Sprint Nextel Corp. and Verizon Communications Inc.
Sprint Nextel, Eli Lilly, E-Trade, Goodyear, Tenet Healthcare are among big market moversSeptember 14th, 2009 Sprint Nextel, Eli Lilly, E-Trade big moversNEW YORK — The following stocks were among those that moved substantially or traded heavily Monday on the New York Stock Exchange and Nasdaq Stock Market:
NYSE:
Sprint Nextel Corp., up 38 cents at $4.15
A U.K. newspaper reported that Germany's Deutsche Telekom is weighing a takeover bid for the U.S.
Sprint offers unlimited mobile-to-mobile calling as wireless-pricing competition intensifiesSeptember 10th, 2009 Sprint Nextel lowers mobile-to-mobile pricingKANSAS CITY, Mo. — Sprint is offering unlimited minutes for calls made between mobile phones as competition in wireless pricing continues to intensify.
Sprint Nextel deal to acquire Virgin Mobile USA gets clearance from Federal Trade CommissionAugust 25th, 2009 Sprint Nextel-Virgin Mobile USA deal gets FTC's OKWASHINGTON — The Federal Trade Commission has removed a regulatory hurdle to Sprint Nextel Corp.'s proposed $483 million acquisition of Virgin Mobile USA Inc. FTC regulators approved an early termination of the agency's antitrust review, indicating they have no objections to the deal, according to a posting Monday on the FTC's Web site.
Citigroup, Yum Brands, PetSmart, Sprint Nextel, Pulte are among big market movers TuesdayAugust 12th, 2009 Citigroup, Yum Brands, PetSmart are big moversNEW YORK — The following stocks were among those that moved substantially or traded heavily Tuesday on the New York Stock Exchange:
NYSE:
Citigroup Inc., down 25 cents to $3.69
The bank approved $6 billion in new lending initiatives in the second quarter as part of its programs supported by government bailout funds.
Yum Brands Inc., down $1.40 at $35.13
An analyst downgraded KFC
Sprint expanding wireless broadband services to 17 citiesAugust 11th, 2009 Sprint Nextel announces 17 new WiMax marketsOVERLAND PARK, Kan. — Sprint Nextel Corp.
Schering-Plough shareholders back $41.1 billion acquisition by partner Merck & Co.August 7th, 2009 Schering-Plough shareholders OK purchase by MerckTRENTON, N.J. — Shareholders of drugmaker Schering-Plough almost unanimously support being bought by bigger New Jersey neighbor Merck.
Sprint CEO Hesse says few new prepaid customers are former contract customersAugust 6th, 2009 Sprint says few contract customers going prepaidNEW YORK — Sprint CEO Dan Hesse said Thursday that only "a low single-digit percentage" of new prepaid customers are coming over from Sprint's more lucrative contract-based plans. Sprint Nextel Corp.
USEC, Interpublic, Office Depot, SPSS, Textron are among big market movers TuesdayJuly 28th, 2009 USEC, Interpublic, Office Depot are big moversNEW YORK — Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and Nasdaq Stock Market:
NYSE:
USEC Inc., down $2.14 at $4.05
The Department of Energy denied a $2 billion loan guarantee the company needed to finance the construction of an Ohio uranium plant. Interpublic Group of Cos., down 78 cents at $5.41
The advertising and marketing conglomerate said its profit tumbled by more than three-fourths in the second quarter as sales slid.
Sprint Nextel will acquire Virgin Mobile USA at $5.50 per share; Sprint values deal at $483MJuly 28th, 2009 Sprint Nextel to buy Virgin Mobile USAOVERLAND PARK, Kan. — Telecommunications company Sprint Nextel Corp.
Bemis, Alcoa, American Express, Data Domain are among big market movers MondayJuly 6th, 2009 Bemis, Alcoa, Data Domain are big moversNEW YORK — Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and Nasdaq Stock Market:
NYSE:
Bemis Co., up $1.22 at $25.50
The company, which makes clear plastic packages, is paying $1.2 billion for the global packaging business of Rio Tinto PLC. Bank of America Corp., down 49 cents at $12.15
An analyst said the lender faces a 10 percent jump in uncollectible loans when it reports second-quarter earnings.
Sprint Nextel shares climb modestly as analyst upgrades, seeing lower subscriber lossJuly 6th, 2009 Sprint Nextel shares rise as analyst upgradesNEW YORK — Shares of Sprint Nextel Corp. climbed modestly Monday afternoon after an analyst with Auriga USA LLC upgraded the wireless provider, citing improved expectations for subscriber losses.
Court disallows national class-action status in billing suit against Sprint NextelJune 25th, 2009 Court limits billing case against SprintOVERLAND PARK, Kan. — A federal judge in Washington state has disallowed national class-action status to a lawsuit against Sprint Nextel Corp.
Embarq, Sprint file suit against government over $31.6 million in income taxesJune 18th, 2009 Embarq, Sprint sue government over taxesOVERLAND PARK, Kan. — Embarq Corp.
Earnings roundup: Sprint Nextel loss widens, PSEG profit nearly matches year-agoMay 4th, 2009 Earnings roundup: Sprint Nextel, PSEGAmong the earnings stories for Monday, May 4, from AP Financial News:
KANSAS CITY, Mo. (AP) — Despite a widening net loss, Sprint Nextel Corp.
Loading ...