Tuesday's Winners & Losers

Updated from 1:58 p.m. EDT

New York Times (NYT Quote) is ending its two-year-old program to charge for some Internet content that could only be read through TimesSelect. Since late 2005, the publisher had been charging for online access to 23 news and opinion columnists, personalization tools, archives back to 1987 and more. Now, those items will be available for free.

The Times said "changes in the way people find news and opinion on the Web have altered the online landscape. Because of online users' growing reliance on search in order to navigate the Web, NYTimes.com expects to see a substantially increased number of unique users referred to and accessing the site once the pay wall is gone."

The TimesSelect subscription revenue model will be replaced by one that is based on advertising. New York Times shares tacked on 2.1% to close at $20.07.

Procter & Gamble (PG Quote) affirmed its forecast for the September quarter, saying earnings should be 88 cents to 90 cents a share.

The consumer products giant continues to expect sales growth for the quarter of 6% to 8%. Shares of P&G closed up 1.1% at $68.68.

Engine company Cummins (CMI Quote) reaffirmed its financial projections for 2007, which it first provided in July. Based on the company's strong first half and its estimates for the remainder of the year, Cummins expects to earn between $7.15 and $7.65 a share.