NEW YORK (AP) — Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and Nasdaq Stock Market:
NYSE Bank of America Corp., down 77 cents at $8.15 Sources said the bank will need to raise more cash if it can't convince the government its "stress test" results are in error. Office Depot Inc., up 29 cents at $2.82 The office products chain posted a loss, but excluding charges relating to store closings, results were better than analysts expected. General Motors Corp., down 23 cents at $1.81 The federal government could become the car maker's majority shareholder under a big restructuring plan announced Monday. Waters Corp., up $6.13 at $43.83 Cutting research and administrative costs propelled the analytical instruments maker to higher profit despite a drop in sales. Smithfield Foods Inc., up 40 cents at $9.44 Shares recovered partially from yesterday's plunge as inspectors found no sign of swine flu on the pork processor's Mexican farms. Bristol-Myers Squibb Co., down 89 cents at $19.65 Strong sales of two blockbuster drugs raised revenues for the pharmaceutical, but profit was hurt by taxes and litigation charges. NASDAQ Tellabs Inc., up 18 cents at $5.17 Profit skidded by more than 60 percent, but the telecommunications equipment maker said it could see a high-single-digit jump in sales. Heidrick & Struggles International Inc., down $3.83 at $19.46 The executive search firm posted a loss amid double-digit sales declines, and said it would cut more jobs and slash compensation.- Loading Comments...
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