HEADLINE STOCKS-U.S. stocks on the move on May 22

Fri May 22, 2009 10:42am EDT
 
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(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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