11/4/2009 4:37 PM
Pulte Homes, Merck, Garmin are big movers
By The Associated Press
The following stocks were among those that moved substantially or traded heavily Wednesday on the New York Stock Exchange:
NYSE:
Pulte Homes Inc., up 32 cents at $9.55
Pulte lost $361.4 million in the third quarter, but with the acquisition of Centex Corp., new orders increased by more than a third.
Ambac Financial Group Inc., up 39 cents at $1.50
The bond insurer posted a quarterly profit as it realized gains in its credit derivatives portfolio and from reinsurance cancellations.
Merck & Co., up $1.97 at $32.64
The maker of vaccines and cholesterol and diabetes drugs closed its acquisition of Schering-Plough Corp. for $41.1 billion.
Kraft Foods Inc., down 87 cents at $26.67
Kraft said it's still interested in acquiring Cadbury PLC but plans to deliver solid results with or without the British candy maker.
Aetna Inc., up $1.39 at $28.01
The Senate's top Democrat signaled that Congress may miss a year-end deadline for passing health care legislation.
NASDAQ:
Stec Inc., down $9.01 at $14.14
The data storage device maker gave a weak outlook for the rest of the year as investors fretted about rising competition.
Garmin Ltd., down $4.57 at $26.84
The navigational device maker reported a 24 percent increase in third-quarter profit as lower costs offset a drop in sales.
Pacer International Inc., up $1.35 at $4.06
The logistics service provider announced a surprise profit in the third quarter and a new contract with railroad Union Pacific.
___
(Copyright 2009 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
|
|
| TOP GENERAL |
|
11/20/2009
Suitably opaque, Section 2006 takes up only a few dozen lines in a sweeping health care bill that runs to 2...
Read full article →
|
|
11/20/2009
There may be additional e-mails that could have tipped off law enforcement or military officials to the For...
Read full article →
|
|
11/20/2009
The Justice Department intends to drop manslaughter and weapons charges against one of the Blackwater World...
Read full article →
|
|
11/20/2009
Republicans are seizing on this week's recommendations for fewer Pap smears and mammograms to fuel concern ...
Read full article →
|
|
11/20/2009
A 5-year-old North Carolina girl was raped and killed the same day she was taken from her home, according t...
Read full article →
|
(Copyright 2009 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
|
|