HEADLINE STOCKS-Some U.S. stocks on the move on Aug. 12

Wed Aug 12, 2009 1:34pm EDT
 
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(Updates to afternoon trading, adds Mindray Medical, WuXi, Commercial Vehicle, Ethan Allen. AstraZeneca/Forest Labs, ADC Telecommunications. Delta/US Airways)

NEW YORK, Aug 12 (Reuters) - Some U.S. stocks on the move on Wednesday:

TOLL BROTHERS INC (TOL.N), $23.42, up 14.4 pct

The homebuilder expects to report a 42 percent drop in third-quarter homebuilding revenue, but said net signed contracts increased in the quarter. [ID:nBNG401966]

Shares of Toll Brothers rose 6.6 percent to $21.83 in premarket trading.

MACY'S INC (M.N), $16.16, up 4.5 pct

The department store posted a better-than-expected second-quarter profit. [ID:nN12535008]

LIZ CLAIBORNE INC (LIZ.N), $3.90, down 2.7 pct

The company reported a quarterly loss that was wider than expected. [ID:nBNG146633]

MICROSOFT CORP (MSFT.O), $23.68, up 2.4 pct

The company late Tuesday said it would announce an alliance with Nokia (NOK1V.HE), likely unveiling plans to make the software company's Office suite of applications available on Nokia devices. [ID:nN11539672]

Separately, the company was ordered to pay more than $290 million in damages in a patent case. [ID:nBNG539206]

UBS AG (UBS.N) (UBSN.VX), $15.29, up 3.9 pct

The U.S. government and UBS have initialed agreements to settle their tax evasion dispute, a U.S. government attorney said. [ID:nN1296068]

ADC TELECOMMUNICATIONS INC (ADCT.O), $9.02, up 30.8 pct

The company raised its third-quarter earnings outlook. [ID:nN12414327]  Continued...

 

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