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Walgreen, Gannett, Warner Music Group Big Movers

The Associated Press

NEW YORK (AP) ¿ The following stocks were among those that moved substantially or traded heavily Tuesday on the New York Stock Exchange:


Walgreen Co., up $3.16 at $37.35

The drugstore operator said prescription drug sales rose in the fourth quarter, pushing the company's results past expectations.

Gannett Inc., up $1.76 at $11.74

The largest newspaper publisher in the U.S. said third-quarter earnings should far outpace expectations despite a shortfall in revenue.

Polo Ralph Lauren Corp., up $3.15 at $77.38

An analyst upgraded the preppy retailer<s stock and predicted earnings and sales growth on gains in southeast Asia.

KKR Financial Holdings LLC, down 14 cents at $4.56

FBR Capital Markets said the company may reinstate its dividend as early as the fourth quarter on improving credit conditions.

Warner Music Group Corp., up 46 cents at $5.62

YouTube says the company<s music videos will return to the video site in the coming months after a nine-month dispute over deal terms.

CIT Group Inc., up 53 cents at $2.20

Hedge fund manager John Paulson is considering merging the troubled finance company with failed mortgage lender IndyMac Federal Bank.


Sequenom Inc., down $2.23 at $3.46

The company forced out four executives and other employees after an investigation into the mishandling of studies for a blood test.

China Precision Steel Inc., down 12 cents at $2.71

The company's profit plunged 61 percent on rising raw material prices, but it said the steel industry is showing signs of improvement.
Copyright 2009 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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