Qwest, McDonald’s, DuPont, Palm are big movers
NEW YORK — Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and Nasdaq Stock Market:
NYSE
Qwest Communications International Inc., down 24 cents at $3.93
The phone company canceled the auction for its long-distance data and telephone network, saying the asset held more value than the amount it would raise in a sale.
McDonald’s Corp., down $1.15 at $58.72
The fast-food chain’s May same-store sales rose 5.1 percent, but U.S. sales growth, while helped by McCafe drinks, slowed to 2.8 percent.
SLM Corp., up $1.32 at $7.93
The owner of student lender Sallie Mae will keep servicing students’ debt, an analyst said, even if the government takes over the sector.
General Mills Inc., up $2.06 at $54.22
The food supplier raised its 2009 adjusted profit forecast, partly due to lower taxes, and said its U.S. retail unit will grow in 2010.
Delta Air Lines Inc., down 30 cents at $6.72
A global airlines industry group said the world’s airlines will together lose $9 billion this year, with more trouble ahead in 2010.
DuPont, down 79 cents at $26.21
Dropping auto production will hurt the chemical company’s profit, but risk from GM’s bankruptcy filing is “manageable,” said an analyst.
NASDAQ
Palm Inc., down 84 cents at $12.16
Analysts questioned whether the phone maker’s new Pre can be a fast blockbuster without a big app store in a highly competitive market.
Micromet Inc., up 33 cents at $4.95
The biotechnology company said its lead drug candidate, which treats cancer, met goals in a midstage study of leukemia patients.
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KB Home, Palm, UBS, Immucor, Lear are among big market movers FridayJune 26th, 2009 KB Home, Palm, UBS, Immucor are big moversNEW YORK — Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market:
NYSE:
KB Home, down $1.35 at $13.42
The homebuilder reported a big jump in new house orders from the previous quarter, but posted a bigger loss than analysts had expected. UBS AG, down 67 cents at $12.30
The Swiss bank said it expected a loss in the second quarter and would raise about $3.5 billion in stock sale to institutional investors.
Best Buy, Nucor, Genzyme, Palm, Tyco Electronics are among big market movers TuesdayJune 16th, 2009 Best Buy, Nucor, Genzyme, Palm are big moversNEW YORK — Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and Nasdaq Stock Market:
NYSE:
Best Buy Co., down $2.82 at $35.84
The electronics retailer's first-quarter profit was down as same-store sales slid, despite former rival Circuit City's market exit. Nucor Corp., up $1.11 at $46.86
The steel producer expects a loss between 55 cents and 65 cents in its second quarter, a better result than analysts had forecast.
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Qwest affirms 2009 earnings, free cash flow forecastsApril 29th, 2009 Qwest keeps 2009 earnings forecastNEW YORK — Qwest Communications International Inc. is sticking to its earnings projection for the year.
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Bank of New York Mellon, General Motors, Delta, Broadcom are big market movers TuesdayApril 21st, 2009 Bank of New York Mellon, General Motors big moversNEW YORK — Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and Nasdaq Stock Market:
NYSE
Coach Inc., up $2.69 at $20.92
First-quarter profit slid, but the luxury handbag maker said sales and traffic had stabilized, and declared a new cash dividend. General Motors Corp., up 4 cents at $1.70
The car maker could get as much as $5 billion more in federal loans on top of the $13.4 billion it has already received.
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