Sunoco, General Motors, Whole Foods Are Big Movers
NEW YORK (AP) ¿ Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market:
Sunoco Inc., down $1.23 at $27.88
The gas and chemical company said it is cutting costs by more than $300 million this year by reducing its salaried work force.General Motors Corp., up 54 cents at $2.72 The automaker recalled 277,000 vehicles because of a potential defect in the shift lever that could cause vehicles to roll away. Black & Decker Corp., up 13 cents at $24.01 The power tool maker said it is cutting the base salaries of top executives and ending contributions to retirement programs. NASDAQ Harbin Electric Inc., up 40 cents at $5.63 The Chinese-based manufacturer of electric motors said that fourth-quarter profit rose 45 percent on increased sales. Whole Foods Market Inc., up 27 cents at $14.38 Standard & Poor's Equity Research upgraded the grocer's shares, saying its balance sheet is stabilizing. Shuffle Master Inc., up 23 cents at $2.80 The gaming equipment supplier's first-quarter results missed Wall Street's expectations, losing 2 cents per share. National Beverage Corp., down 8 cents at $7.87 The beverage maker and distributor of Shasta soda said its third quarter profit rose 11 percent on higher sales. Zumiez Inc., up 3 cents at $6.90 The apparel retailer reported a 49 percent decline in fourth-quarter profit and predicted a first-quarter loss.
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