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BofA, Verizon, BoadSoft Are Big Market Movers

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

NYSE

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.

Copyright 2011 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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