Barnes & Noble, Medtronic, Peet's are big movers
NEW YORK (AP) - The following stocks were among those that moved
substantially or traded heavily Tuesday on the New York Stock
Exchange:
Warner Music Group Corp., down 86 cents at $6.20
The recording company posted an unexpected loss in the fourth
quarter on severance costs despite a strong slate of music
releases.
Barnes & Noble Inc., down $1.27 at $22.25
The bookseller posted a larger loss than last year and lowered
its profit forecast on high costs to launch its electronic book
reader.
Windstream Corp., down 5 cents at $10.08
The phone company bought carrier Iowa Telecommunications
Services Inc. for $1.1 billion in cash, stock and repayment of
debt.
Medtronic Inc., up $2.94 at $43.25
The company reported a surprising boost in profit, as increased
sales of implantable heart devices defied reports of weakening
demand.
Hewlett-Packard Co., down 83 cents at $50.19
The company's cost-cutting and push into new markets is helping
soften the blow from weakness in the company's mainstay businesses.
American Eagle Outfitters Inc., up 47 cents at $15.01
The apparel retailerNASDAQ:
Brocade Communications Systems Inc., down 70 cents at $7.10
The company said revenue will be weaker in the first quarter,
while an overall rebound isn't expected until the end of the fiscal
year.
Peet's Coffee & Tea Inc., down 20 cents at $32.86
Green Mountain Coffee Roasters sweetened its offer for Diedrich
Coffee by $2 per share, matching a rival bid from Peet's.
11/24/09 16:29
© Copyright The Associated Press. All rights reserved. The information contained In this news report may not be published, broadcast or otherwise distributed without the prior written authority of The Associated Press.