CORRECTED - HEADLINE STOCKS-Some U.S. stocks on the move on July 9

Thu Jul 9, 2009 1:37pm EDT
 
[-] Text [+]

(Corrects entry on Alcoa to show that the results were for the company's second quarter) (Updates to after the open, adds Citigroup, Merck, Rigel, Target, Map Pharma/AstraZeneca, AIG, FCStone and Broadcom/Emulex)

NEW YORK, July 9 (Reuters) - Some U.S. stocks on the move on Thursday:

ALCOA INC (AA.N)

The aluminum company late Wednesday reported a second-quarter loss that was narrower than expected, helped by cost-cutting measures. [ID:nN08471164]

Shares of the Dow component gained 4.3 percent to $9.87.

MERCK & CO (MRK.N)

The company bought exclusive rights from Portola Pharmaceuticals to develop and commercialize an oral blood thinner used to prevent stroke in patients with atrial fibrillation, one of the most common abnormal heart rhythms. [ID:nN09546313]

Shares of the Dow component sank 2.4 percent to $27.40.

CITIGROUP INC (C.N)

The company announced a number of management changes, including the departure of Gary Grittenden, the chairman of Citi Holdings, from the company. [ID:nWNAB5763]

Shares rose 1.9 percent to $2.67.

BROADCOM CORP (BRCM.O)

EMULEX CORP (ELX.N)

Emulex's board rejected Broadcom's sweetened $912 million buyout offer, saying it significantly undervalued the company's long-term prospects. [ID:nN09442370]

Shares of Broadcom rose 3.1 percent to $24.07 while Emulex sank 12 percent to $8.56.

EMC CORP (EMC.NContinued...

 

Companies In This Article

Alcoa Inc. (AA.N) Quote, Profile, Research
Merck & Co., Inc. (MRK.N) Quote, Profile, Research
Citigroup Inc. (C.N) Quote, Profile, Research
Broadcom Corp (BRCM.O) Quote, Profile, Research
Emulex Corporation (ELX.N) Quote, Profile, Research
EMC Corporation (EMC.N) Quote, Profile, Research
Data Domain, Inc. (DDUP.O) Quote, Profile, Research
NetApp, Inc. (NTAP.O) Quote, Profile, Research
IPC Holdings, Ltd. (IPCR.O) Quote, Profile, Research
Validus Holdings, Ltd. (VR.N) Quote, Profile, Research
Flagstone Reinsurance Holdings Limited (FSR.N) Quote, Profile, Research
MAP Pharmaceuticals, Inc. (MAPP.O) Quote, Profile, Research
AstraZeneca PLC (AZN.N) Quote, Profile, Research
Target Corporation (TGT.N) Quote, Profile, Research
Walgreen Co (WAG.N) Quote, Profile, Research
Rigel Pharmaceuticals Inc (RIGL.O) Quote, Profile, Research
Amylin Pharmaceuticals, Inc. (AMLN.O) Quote, Profile, Research
The Goldman Sachs Group, Inc. (GS.N) Quote, Profile, Research
American International Group, Inc. (AIG.N) Quote, Profile, Research
Research In Motion Ltd (RIMM.O) Quote, Profile, Research
Research In Motion Ltd (RIM.TO) Quote, Profile, Research
FiberNet Telecom Group, Inc. (FTGX.O) Quote, Profile, Research
UBS AG (UBS.N) Quote, Profile, Research
UBS AG (UBSN.VX) Quote, Profile, Research
Costco Wholesale Corporation (COST.O) Quote, Profile, Research
Chattem, Inc. (CHTT.O) Quote, Profile, Research
Verigy Ltd. (VRGY.O) Quote, Profile, Research
Hot Topic, Inc (HOTT.O) Quote, Profile, Research
ScanSource, Inc. (SCSC.O) Quote, Profile, Research

Featured Broker sponsored link