HEADLINE STOCKS-U.S. stocks on the move on May 22
(Updates to after the open, adds Gap and Autodesk)
NEW YORK, May 22 (Reuters) - Some U.S. stocks on the move on Friday:
GENERAL MOTORS CORP (GM.N)
A bankruptcy filing is not certain in the GM restructuring case and reports that the Obama administration will steer the automaker into bankruptcy as early as next week are premature, a source familiar with the situation said on Friday. [ID:nN21325204]
Shares of GM, a Dow component, fell 13.5 percent to $1.66.
HSBC HOLDINGS (HBC.N)
The bank said it intended to continue paying quarterly interim dividends but that business would remain challenging through much of 2010. [ID:nLM650226]
U.S-listed shares fell 0.3 percent to $42.53.
SUNTECH POWER HOLDINGS INC (STP.N)
The solar power company said its follow-on public offering of 20 million American Depositary Shares was priced at $12.50 per ADS. [ID:nBNG465658]
Shares slid 5.3 percent to $12.77.
SEARS HOLDINGS CORP (SHLD.O)
The company reported a surprise first-quarter profit, helped by reductions in advertising and jobs. [ID:nN21308663]
Shares surged 16 percent to $58.45.
AUTODESK INC (ADSK.O)
The engineering software company reported quarterly results that beat expectations. [ID:nN21310965]
Shares rose 12 percent to $21.06.
GAP INC (GPS.N)
The apparel company late Thursday reported its first-quarter results, which included a drop of 8 percent in its same-store sales. [ID:nWNAB2580]
Shares fell 0.1 percent to $15.99.
ARUBA NETWORKS INC (ARUN.O)
The wireless LAN vendor reported a surprise third-quarter profit and forecast strong results for the current quarter. [ID:nBNG466880]
Shares soared 26 percent to $6.47.
SALESFORCE.COM INC (CRM.N)
The business software company cut its full-year revenue outlook, citing cutbacks on orders for its software subscriptions. [ID:nN21297762]
Shares fell 8.8 percent to $36.23.
EVERCORE PARTNERS INC (EVR.N)
The company named Ralph Schlosstein, the co-founder of
BlackRock Inc (BLK.N), as its chief executive. [ID:nBNG479383]
Shares of Evercore fell 2 percent to $16.51.
BLACK BOX CORP (BBOX.O)
The technical services company reported higher-than-expected fourth-quarter earnings and forecast first-quarter profit above Wall Street view. [ID:nWNAB2631]
The stock rose 21 percent to $31.02.
MEDCATH CORP (MDTH.O)
The hospital operator reported higher-than-expected second-quarter earnings helped by a growth in revenue. [ID:nWNAB2590]
The stock rose 9.1 percent to $10.53.
SKILLSOFT PLC (SKIL.O)
The e-learning services provider reported first-quarter earnings that beat expectations. [ID:nWNAB2593]
The stock rose 15 percent to $8.27.
VERIGY LTD (VRGY.O)
The semiconductor testing company reported a first-quarter loss that was narrower than expected. [ID:nWNAB2606]
The stock rose 5.9 percent to $11.98.
DRESS BARN INC (DBRN.O)
The women's clothing retailer reported higher-than-expected third-quarter earnings and forecast full-year profit above Wall Street view. [ID:nWNAB2596]
The stock fell 1.3 percent to $14.66 after rising in after-hours trading.
RED ROBIN GOURMET BURGERS INC (RRGB.O)
The casual dining restaurant chain reported its quarterly results and expects certain costs to pressure restaurant-level profitability in fiscal 2009. [ID:nBNG444251]
The stock fell 15 percent to $18.32.
ZUMIEZ INC (ZUMZ.O)
The snowboarding gear retailer posted a quarterly loss that was narrower than expected but forecast a weak second quarter. [ID:nBNG502300]
The stock fell 13 percent to $9.68.
EXCEL MARITIME CARRIERS LTD (EXM.N)
The Greek dry bulk carrier posted a more than three-fold jump in first-quarter profit. [ID:nBNG466693]
Shares rose 11 percent to $10.75.
SAFE BULKERS INC (SB.N)
The dry bulk shipper's quarterly profit almost tripled, helped by the compensation it received for early termination of time-charter contracts for two of its vessels. [ID:nBNG465648]
The stock rose 13 percent to $8.
FOOT LOCKER INC (FL.N)
The athletic shoe retailer posted a better-than-expected quarterly profit, as improved margins from recent cost cuts helped offset a 7 percent decline in sales. [ID:nBNG459893]
The stock fell 3.4 percent to $10.09 after rising in after-hours trade.
(Reporting by Ryan Vlastelica, Editing by Chizu Nomiyama)
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