Varian, Aetna, Plains Exploration are big movers
NEW YORK — Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and Nasdaq Stock Market:
NYSE:
Verizon Communications, down 50 cents at $31
The telecom said it was cutting more than 8,000 wireline jobs to cut costs as its second-quarter profit narrowly beat analysts’ estimates.
Aetna Inc., down 72 cents at $25.72
An unexpectedly big jump in medical costs led the health insurer to cut its 2009 profit guidance for the second time since June.
Plains Exploration and Production Co., down $2.75 at $29.39
A no vote from the California State Assembly threw up a roadblock for the oil and gas company’s big T-Ridge offshore project.
RadioShack Corp., down $1.06 at $15
The consumer electronics retailer said its second-quarter profit grew, but sales fell short of expectations and same-store sales dropped.
Mylan Inc., down $1.75 at $12.10
The company denied media reports that employees at a facility in West Virginia were ignoring proper quality control procedures.
Pulte Homes Inc., up 84 cents at $10.59
The government said sales of new homes jumped 11 percent in June, prompting hopes of recovery in the slammed housing sector.
Coach Inc., down 88 cents at $28.43
A Lazard analyst downgraded the luxury handbag maker to “hold” a day before it announces its fourth-quarter financial results.
NASDAQ
Varian Inc., up $11.41 at $50.61
Agilent Technologies Inc. said it was buying the company for $1.5 billion, or $52 a share. Its third-quarter profit also rose 18 percent.
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Lowe's, CIT Group, Charles Schwab, Aetna, Bank of America are among big market movers MondayAugust 17th, 2009 Lowe's, CIT Group, Charles Schwab are big moversNEW YORK — The following stocks were among those that moved substantially or traded heavily Friday on the New York Stock Exchange:
NYSE:
Rosetta Stone Inc., down $7.72 at $20.63
The language education company cut its profit forecast for the year citing higher costs and canceled an offering of 4 million shares. Lowe's Cos., down $2.36 at $20.47
Profit and sales both fell during the second quarter at the home improvement chain and it curtailed store expansion plans for 2010.
Analyst says Aetna CFO backs guidance, but says profit margins won't fully recover until 2011August 17th, 2009 Ahead of the Bell: AetnaNEW YORK — Health insurer Aetna Inc. will need two years to bring its profit margins back to their former levels, an Oppenheimer analyst said Monday in a note to client.
Mylan names Heather Bresch president, taps Rajiv Malik as chief operating officerJuly 29th, 2009 Mylan promotes COO Bresch to presidentPITTSBURGH — Pharmaceutical company Mylan Inc. said Wednesday it promoted chief operating officer Heather Bresch to the post of president.
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.
Aetna says profit dropped due to greater commercial expenses and cuts full year forecastJuly 27th, 2009 Aetna 2Q profit slides on commercial medical costsINDIANAPOLIS — Shares of Aetna Inc. plunged in premarket trading Monday morning, after the health insurer said its profit skidded 28 percent in the second quarter due to higher medical expenses in its commercial business, which it expects to continue for the rest of the year.
Aetna says 2Q profit drops due to greater commercial expenses and cuts full-year forecastJuly 27th, 2009 Aetna 2Q profit falls on higher-than-expected costINDIANAPOLIS — Health insurer Aetna Inc. chopped its 2009 profit outlook for the second time since June on Monday and said its second-quarter profit sank 28 percent, as medical costs rose faster than it expected.
Agilent says it will pay $1.5B in cash, a 33 percent premium, for instrument maker VarianJuly 27th, 2009 Agilent Technologies to buy Varian for $1.5BNEW YORK — Scientific instrument maker Agilent Technologies said Monday it will buy Varian Inc. for $1.5 billion in cash, or $52 per share.
Stocks open slightly lower after mixed earnings; investors await new home sales updateJuly 27th, 2009 Stocks slip at open amid mixed earningsNEW YORK — Stocks are slightly lower in early trading Monday amid a handful of mixed earnings reports. RadioShack Corp., like many other companies, said its second-quarter earnings rose as it cut costs.
Discover Financial, KeyCorp, AIG, Aetna, KeyCorp are among big market movers TuesdayJuly 7th, 2009 Discover Financial, KeyCorp, AIG are big moversNEW YORK — Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and Nasdaq Stock Market:
NYSE:
Discover Financial Services, down $1.13 at $9.37
An analyst said the credit card lender's $500 million stock offering, which may go to repay bailout funds, could hit profit per share. KeyCorp, up 21 cents at $5.29
An analyst upgraded the Cleveland-based bank on the strength of its capital position compared to the country's other largest banks.
McMoRan Exploration reports potential discovery at deep gas exploratory well in LouisianaJuly 6th, 2009 McMoRan reports potential discovery at gas wellNEW ORLEANS — Independent oil and gas producer McMoRan Exploration Co. said Monday that drilling results indicate a potential discovery at a deep gas exploratory well in Louisiana.
SAIC, KeyCorp, Textron, UAL, Abercrombie & Fitch among big market movers ThursdayJune 4th, 2009 SAIC, KeyCorp, Textron, UAL are big moversNEW YORK — Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market:
NYSE
Abercrombie & Fitch Co., down $3.75 at $27.95
The retailer's May same-store sales dropped 28 percent, a performance much worse than that of other big teenager-focused chains. Textron Inc., up 89 cents at $12.27
The manufacturer's Cessna division said it planned more layoffs on top of the 44-percent work force reductions it has already made.
Aetna cuts full-year profit outlook, citing higher commercial costs, lower Medicare revenueJune 3rd, 2009 Aetna cuts full-year profit forecast, shares fallHARTFORD, Conn. — Managed-care company Aetna Inc.
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Bank of America, Time Warner, Aetna, Dendreon, E-Trade are big market movers WednesdayApril 29th, 2009 Bank of America, Time Warner, Aetna big moversNEW YORK — Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market:
NYSE
Bank of America Corp., up 53 cents at $8.68
Chairman and CEO Ken Lewis defended acquisitions of Merrill Lynch & Co. and Countrywide Financial Corp.
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