HEADLINE STOCKS-U.S. stocks on the move on April 16

Thu Apr 16, 2009 1:34pm EDT
 
[-] Text [+]
 (Updates to afternoon trade, adds Regions Financial, Rosetta 
Stone and Xilinx) 
    
    NEW YORK, April 16 (Reuters) - Some U.S. stocks on the move 
on Thursday: 
    
    JPMORGAN CHASE  
    The bank reported first-quarter earnings that beat 
expectations and revenue growth of 45 percent. [nN16542451] 
    Shares of the company, a Dow component, rose 1.7 percent to 
$33.11. 
    
    SUN MICROSYSTEMS  
    INTERNATIONAL BUSINESS MACHINES  
    IBM said it was no longer interested in buying Sun at any 
price. [nN16261538] 
    Shares of Sun rose 3.8 percent to $6.36 while shares of 
IBM, a Dow component, rose 1.6 percent to $100.40. 
    
    AMERICAN EXPRESS  
    JPMorgan forecast a loss of 4 cents a share for the credit 
card company. It previously saw earnings of 15 cents a share. 
[nWNAB3931] 
    Shares of the company, a Dow component, slid 3 percent to 
$20.01. 
    
    SHERWIN-WILLIAMS  
    Shares rose 8 percent to $55.24 after the company reported 
first-quarter earnings that beat expectations. [nBNG279133] 
    
    BAXTER INTERNATIONAL  
    Shares rose 3.2 percent to $50.81 after it reported 
first-quarter earnings that topped its own estimate. 
[nN14453268] 
    
    ROSETTA STONE  
    Shares of the company advanced 41 percent to $25.40 in its 
trading debut after its IPO was priced at $18, exceeding the 
estimate range. [nN16131770] 
    
    SOUTHWEST AIRLINES  
    Shares of the airline fell 10 percent to $6.86 after it 
reported a first-quarter loss on weak demand. [nN16544656] 
    
    REGIONS FINANCIAL  
    Shares surged 29 percent to $6.44 after it forecast a 
surprise first-quarter profit. [nN16238968] 
    
    ACTIVISION BLIZZARD  
    Shares of the video game publisher rose 2.2 percent to 
$10.26 after it forecast first-quarter results that were better 
than expected. [nN16546439] 
    
    XILINX  
    Shares rose 3.8 percent to $21.38 after it said it would 
cut 200 jobs and freeze salaries to cut costs. [nN15357238] 
    
    ILLINOIS TOOL WORKS  
    Shares rose 7 percent to $33.34 after it reported reported 
an adjusted profit that beat expectations. [nN16549399] 
    
    HARLEY-DAVIDSON  
    The motorcycle company reported first-quarter results and 
affirmed its full-year shipment outlook, saying it was "mildly 
encouraged" that the rate at which sales declined in the U.S. 
slowed during the quarter. [nN14443324] 
    Shares rose 8.7 percent to $18.64. 
    
    PARKER-HANNIFIN  
    Shares of the motion control technology company rose 7.4 
percent to $38.97 after it reported its third-quarter results. 
[nWNAB3984] 
    
    AMERICAN INTERNATIONAL GROUP  
    AIG is close to selling its U.S. auto insurance unit to 
Swiss insurer Zurich Financial Services for about $1.5 billion, 
a source familiar with the matter said late Wednesday. 
[nN15531541] 
    Shares rose 5.6 percent to $1.69. 
    
    GENERAL MOTORS  
    GM has told U.S. dealers it is accelerating its timetable 
for closing about 1,700 dealerships as it rushes to meet a June 
1 deadline to restructure under U.S. government oversight, 
according to people with knowledge of the discussions. 
[nN15356622] 
    Shares of GM, a Dow component, were up about 0.5 percent to 
$1.90. 
    
    STANLEY FURNITURE  
    The furniture company reported a first-quarter loss that 
was wider than expected. [nBNG422509] 
    Shares tumbled 4.4 percent to $8.10. 
    
    MACROVISION SOLUTIONS  
    The software company agreed to buy Muze for $16.5 million 
in cash. It also raised its 2009 revenue outlook. 
[nBNG388374] 
    Shares rose 2.7 percent to $19.64. 
    
    POLYCOM INC  
    The video conferencing products maker reported a drop of 
nearly 44 percent in first-quarter profit and forecast 
lower-than-expected revenue for the second quarter. 
[nBNG448618] 
    Shares fell 3.7 percent to $16.30. 
 (Reporting by Ryan Vlastelica; Editing by James Dalgleish) 
 ((ryan.vlastelica@thomsonreuters.com; Tel: +1 646-223-6014; 
Reuters Messaging: ryan.vlastelica@reuters.com@reuters.net)) 
Keywords: MARKETS STOCKS HEADLINES  
    
  
Keywords: MARKETS STOCKS HEADLINES  
    
  
Keywords: MARKETS STOCKS HEADLINES  
    
 
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