HEADLINE STOCKS-U.S. stocks on the move on April 27

Mon Apr 27, 2009 1:52pm EDT
 
[-] Text [+]
(Updates to afternoon trade, adds Limelight, Quidel, 
Orient-Express, Syntel and Wabco) 
    NEW YORK, April 27 (Reuters) - Some U.S. stocks on the move 
on on Monday: 
    
    VERIZON COMMUNICATIONS  
    Shares of the Dow component fell 1.5 percent to $30.54 
after it reported its first-quarter results. [nN27350207] 
    
    GENERAL MOTORS  
    Shares of Dow component GM soared 20 percent to $2.02 after 
it said it would make deep plant and employee cuts, as well as 
eliminate its Pontiac brand, as it struggles to survive in a 
difficult market. [nN27471653] 
    
    HUMANA INC  
    Shares of the health insurer rose 6 percent to $29 after it 
reported an increase in its first-quarter profit and raised its 
full-year earnings outlook. [nN24410859] 
    
    QUALCOMM INC  
    Shares of the cell phone chip supplier rose 4.8 percent to 
$43.34 after it reported second-quarter results. 
[nN27201084] 
    
    WHIRLPOOL CORP  
    Shares rose 12 percent to $45.65 after the appliance maker 
reported first-quarter results. [nBNG470908] 
    
    CORNING INC  
    Shares of the specialty glass company rose 3.7 percent to 
$15.90 after it reported adjusted first-quarter earnings that 
beat expectations. [nN27491613] 
    
    OMNICOM GROUP  
    Shares of the advertising company rose 4.9 percent to 
$30.80 after it reported first-quarter results. 
[nN27451851] 
    
    LORILLARD INC  
    Shares of the cigarette company fell 0.3 percent to $62.43 
after it reported first-quarter earnings that were lower than 
expected. [nN27330833] 
    
    B.E. AEROSPACE  
    Shares of the supplier of aircraft interior products 
tumbled 21 percent to $10.30 after it gave a full-year outlook 
that was below consensus. [nBNG440080] 
    
    WELLS FARGO  
    Shares of the bank fell 4.3 percent to $20.49 after 
Rochdale Securities analyst Richard Bove downgraded the stock 
to hold. [nBNG412184] 
    
    NETFLIX  
    Shares of the online movie renter rose 7.8 percent to 
$46.05 after Citi upgraded it to "buy." 
    
    HONEYWELL INTERNATIONAL  
    Shares of the company fell 2 percent to $30.81 after Citi 
downgraded the diversified manufacturer to "hold" from "buy," 
saying earnings upside was limited in 2010. 
    
    ORIENT-EXPRESS HOTELS  
    Shares of the luxury hotel operator plunged 23 percent to 
$6.80 after it gave a disappointing first-quarter outlook and 
said one of its hotels breached a debt covenant; it also said 
it plans a stock offering. [nBNG470872] 
    
    QUIDEL CORP  
    Shares gained 7.7 percent to $10.27 after Caris said the 
maker of diagnostic tests was well positioned to benefit from a 
potential swine flu pandemic scenario. [nWNAB8540] 
    
    LIMELIGHT NETWORK  
    Shares of the company gained 22 percent to $4.76 after a 
U.S. court ruled in its favor in a long-running patent dispute. 
[nBNG419778] 
    
    INVERNESS MEDICAL  
    Shares rose 11 percent to $30.76 after the maker of 
diagnostic test reported first-quarter earnings that beat 
expectations and affirmed its full-year outlook. 
[nBNG217339] 
    
    WABCO HOLDINGS  
    Shares of the maker of vehicle control systems fell 12 
percent to $15.78 after it posted a first-quarter loss and 
suspended its dividend. [nBNG86737] 
    
    SYNTEL INC  
    Shares gained 15 percent to $26.80 after the information 
technology services firm reported first-quarter results that 
beat expectations and raised its 2009 earnings outlook. 
[nBNG443959] 
    
    UAL CORP  
    CONTINENTAL AIRLINES  
    AMR CORP  
    US AIRWAYS  
    Shares of the four airlines plummeted after UBS downgraded 
them to "neutral" from "buy." Airlines were also pressured as 
investors feared a possible global flu outbreak might reduce 
travel. 
    Continental dropped 14 percent to $11.43 while US Airways 
dropped 18 percent to $3.96. AMR, the parent of American 
Airlines, was down 14 percent to $4.65, and UAL, the parent of 
United Airlines, lost 14 percent to $5.50. 
    
    ONYX PHARMACEUTICALS  
    Shares of the pharmaceutical company fell 3.1 percent to 
$25.92 after it and its partner Bayer  said their 
Nexavar drug failed to work against skin cancer in a late-stage 
study. [nLO616162] 
    
    UBS  
    U.S.-listed shares of the bank fell 0.5 percent to $12.44 
after it replaced the head of its troubled investment banking 
unit, naming Alex Wilmot-Sitwell and Carsten Kengeter co-heads 
of the unit. [nLR29766] 
    
    AMERICAN INTERNATIONAL GROUP  
    Shares fell 2.7 percent to $1.42 after a source said the 
insurer received second-round bids from three groups for its 
aircraft leasing unit, valuing the division at less than $5 
billion. [nN27500814] 
    
    GENERAL MILLS  
    Shares of the food company rose 1.3 percent to $49.37 after 
Barron's wrote that the stock has a lot of upside potential, 
and could advance from current levels of around $49 to the low 
$60s in a year. [nN26488937] 
 (Reporting by Ryan Vlastelica; Editing by Leslie Adler) 
 ((ryan.vlastelica@thomsonreuters.com; + 1 646-223-6014; 
Reuters Messaging: ryan.vlastelica@reuters.com@reuters.net)) 
Keywords: MARKETS STOCKS HEADLINES  
    
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Keywords: MARKETS STOCKS HEADLINES  
    
 
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