BofA, Verizon, BoadSoft Are Big Market Movers

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 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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