Sun Microsystems, PepsiCo Big Movers

Stock quotes in this article: DNDN , GE , GSK , JAVA , LZ , ORCL , PEP  

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

NYSE

Bank of America Inc., down $2.58 at $8.02

The bank said it set aside $13.4 billion to cover lending losses, even as it posted a first-quarter profit that beat expectations.

PepsiCo Inc., down $2.27 at $49.86

The drink maker offered $6 billion to buy its two biggest bottlers and reported a 1 percent drop in first-quarter profit.

GlaxoSmithKline PLC, down 54 cents at $30.05

The British drugmaker said it will pay $2.9 billion to buy a U.S. dermatology business, and would also assume $400 million in debt.

General Electric Co., down $1.04 at $11.35

The industrial conglomerate reported earnings that beat analyst expectations, but its finance unit GE Capital posted a first-quarter loss.

Lubrizol Corp., down $1.70 at $37.33

The specialty chemical company said it expects to post a slight decline in its first-quarter profit when it reports later this month.

American International Group Inc., down 33 cents at $1.29

AIG completed a sale of preferred stock and issued warrants to the Treasury Department as part of a previously announced plan.

NASDAQ

Sun Microsystems Inc., up $2.46 at $9.15

The computer server and software maker was bought by Oracle Corp. for $7.4 billion, trumping rival IBM Corp.'s attempt to buy it.

Dendreon Corp., up $1.53 at $19.52

An analyst upgraded the biotechnology company's shares on the sales potential for the prostate cancer drug Provenge.

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