HEADLINE STOCKS-U.S. stocks on the move on April 16
(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 (JPM.N)
The bank reported first-quarter earnings that beat expectations and revenue growth of 45 percent. [ID:nN16542451]
Shares of the company, a Dow component, rose 1.7 percent to $33.11.
SUN MICROSYSTEMS (JAVA.O)
INTERNATIONAL BUSINESS MACHINES (IBM.N)
IBM said it was no longer interested in buying Sun at any price. [ID: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 (AXP.N)
JPMorgan forecast a loss of 4 cents a share for the credit card company. It previously saw earnings of 15 cents a share. [ID:nWNAB3931]
Shares of the company, a Dow component, slid 3 percent to $20.01.
SHERWIN-WILLIAMS (SHW.N)
Shares rose 8 percent to $55.24 after the company reported first-quarter earnings that beat expectations. [ID:nBNG279133]
BAXTER INTERNATIONAL (BAX.N)
Shares rose 3.2 percent to $50.81 after it reported first-quarter earnings that topped its own estimate. [ID:nN14453268]
ROSETTA STONE (RST.N)
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. [ID:nN16131770]
SOUTHWEST AIRLINES (LUV.N)
Shares of the airline fell 10 percent to $6.86 after it reported a first-quarter loss on weak demand. [ID:nN16544656]
REGIONS FINANCIAL (RF.N)
Shares surged 29 percent to $6.44 after it forecast a surprise first-quarter profit. [ID:nN16238968]
ACTIVISION BLIZZARD (ATVI.O)
Shares of the video game publisher rose 2.2 percent to $10.26 after it forecast first-quarter results that were better than expected. [ID:nN16546439]
XILINX (XLNX.O)
Shares rose 3.8 percent to $21.38 after it said it would cut 200 jobs and freeze salaries to cut costs. [ID:nN15357238]
ILLINOIS TOOL WORKS (ITW.N)
Shares rose 7 percent to $33.34 after it reported reported an adjusted profit that beat expectations. [ID:nN16549399]
HARLEY-DAVIDSON (HOG.N)
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. [ID:nN14443324]
Shares rose 8.7 percent to $18.64.
PARKER-HANNIFIN (PH.N)
Shares of the motion control technology company rose 7.4 percent to $38.97 after it reported its third-quarter results. [ID:nWNAB3984]
AMERICAN INTERNATIONAL GROUP (AIG.N)
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. [ID:nN15531541]
Shares rose 5.6 percent to $1.69.
GENERAL MOTORS GM.N
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. [ID:nN15356622]
Shares of GM, a Dow component, were up about 0.5 percent to $1.90.
STANLEY FURNITURE (STLY.O)
The furniture company reported a first-quarter loss that was wider than expected. [ID:nBNG422509]
Shares tumbled 4.4 percent to $8.10.
MACROVISION SOLUTIONS MVSN.O
The software company agreed to buy Muze for $16.5 million in cash. It also raised its 2009 revenue outlook. [ID:nBNG388374]
Shares rose 2.7 percent to $19.64.
POLYCOM INC (PLCM.O)
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. [ID:nBNG448618]
Shares fell 3.7 percent to $16.30. (Reporting by Ryan Vlastelica; Editing by James Dalgleish)
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