NEW YORK (AP) â¿¿ Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and Nasdaq Stock Market:
Bank of America Corp., down $1.66 at $6.51
AIG sued the bank over mortgage-backed securities, saying it was cheated by the bank. The insurer wants to recover more than $10 billion.Verizon Communications Inc., down $1.93 at $33.12 Stalled contract negotiations at the telecommunications company prompted 45,000 landline workers to go on strike Sunday. Transatlantic Holdings Inc., up $3.07 at $48.31 Warren Buffett's Berkshire Hathaway bid $52 per share for the insurer, or about $3.25 billion, topping a deal with another company. Newmont Mining Corp., down 28 cents at $54.13 The gold and copper miner gained for most of the day, but turned lower in the afternoon. The price of gold topped $1,700 per ounce for the first time. OfficeMax Inc., down $1.49 at $5.43 Goldman Sachs cut its investment rating on the office supply chain's shares, saying the weak economy will hurt revenue. Scotts Miracle-Gro Co., down $5.44 at $40.41 The maker of lawn care products said bad weather ate into its quarterly profit. It also cut its earnings forecast for the year. Dollar Thrifty Auotomotive Group Inc., down $8.59 at $58.79 The car rental agency's second quarter profit ticked higher, but results still fell short of Wall Street analysts' expectations. Nasdaq BroadSoft Inc., up $2.30 at $26 The maker of software for telecommunications companies posted quarterly results that topped expectations and raised its forecast.
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