Beazer, Merck, Citigroup, Lowe's Are Big Movers

The Associated Press

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

NYSE:

Beazer Homes USA Inc., down 35 cents at $5.14

Federal regulators have notified the homebuilder that its top executive could face civil charges over incentive compensation.

Merck & Co., up 71 cents at $33.81

Investors brushed off a rival company's study that showed its cholesterol drug is potentially more effective than Merck's Zetia.

Citigroup Inc., up 13 cents at $4.18

The company said it would sell a majority stake in a Japanese unit for $1 billion in cash in a step to shed noncore assets.

Lowe's Cos., down 11 cents at $21.74

The home-improvement retailer's profit fell 30 percent as customers continued to delay large purchases amid a weak economy.

Illinois Tool Works Inc., up $2.04 at $51.02

The industrial products maker maintained its guidance for fourth-quarter earnings from continuing operations.

Landry's Restaurants Inc., up $2.92 at $19.10

A shareholder announced plans to oppose the $1.2 billion private takeover of the restaurant chain by its CEO.

NASDAQ:

Westport Innovations Inc., up $1.12 at $12.23

The company, whose equipment enables cars to run on natural gas, announced a long-term contract with Swedish car and truck maker Volvo.

Apollo Group Inc., up $3.14 at $57

The for-profit education company said the Department of Education granted it continued access to federal student loan programs.

Copyright 2009 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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