McClatchy, Schering-Plough, McDonald's big movers

NEW YORK (AP) — Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

McClatchy Co., down 18 cents at 41 cents

The newspaper publisher will shrink its work force by another 1,600 jobs, or 15 percent, as it contends with falling revenue.

Schering-Plough Corp., up $2.50 at $20.13

Merck will buy Schering for $41.1 billion in a deal that will create the world's second-largest pharmaceutical maker.

Capital One Financial Corp., up 42 cents at $8.73

The lender became the latest financial firm to slash its quarterly dividend, cutting it by 87 percent. Investors bid up the stock.

McDonald's Corp., up 20 cents at $52.32

The hamburger chain posted higher comparable sales but warned that the stronger dollar and higher costs may hurt profit.

Eastman Chemical Co., up 57 cents at $18.83

The company said it will take a $30 million charge as it cuts up to 300 jobs and reduces salaries in an effort to trim costs.

Thor Industries Inc., down 61 cents at $9.86

The maker of recreational vehicles posted its first quarterly loss in more than 17 years due to slumping sales.

Cantel Medical Corp., up $1.07 at $13.21

The infection-prevention products maker said its quarterly profit grew 75 percent due to better sales and cost cuts.

NASDAQ

Human Genome Sciences Inc., down $1.15 at 55 cents

Wall Street expressed disappointment over the company's latest study results for the developing hepatitis C drug Albuferon.