(Updates to after the open, adds Talbots, Rex Stores and
Movado)
NEW YORK, June 9 (Reuters) - Some U.S. stocks on the move
on Tuesday:
CITIGROUP INC (C.N)
Late Monday the bank said it expects to begin its
much-delayed $58 billion stock swap later this week, as part of
a plan that could leave the government with a 34 percent stake.
[ID:nN08334378]
Shares rose 0.3 percent to $3.43.
TEXAS INSTRUMENTS (TXN.N)
The company late Monday raised its second-quarter earnings
and revenue outlook, signaling improving demand in the chip
market. [ID:nN08327409]
Shares rose 6.5 percent to $21.04.
NAVISTAR INTERNATIONAL CORP (NAV.N)
The truck and engine maker reported adjusted second-quarter
earnings that missed expectations and cut its adjusted
full-year outlook. [ID:nBNG76047]
Shares fell 5 percent to $40.87.
MOVADO GROUP INC (MOV.N)
The watch maker reported a first-quarter loss that was
narrower than expected. [ID:nBNG492428]
Shares rose 19 percent to $9.52.
TALBOTS INC (TLB.N)
The company reported a first-quarter loss that was narrower
than expected and said it would cut its corporate headcount by
20 percent. [ID:nBNG26716]
Shares rose 2 percent to $5.10.
REX STORES CORP (RSC.N)
The company swung to a first-quarter loss from continuing
operations. [ID:nWNAB7856]
Shares rose 3.1 percent to $11.
KOHLBERG KRAVIS ROBERTS & CO (KFN.N)
The private equity firm invested about $350 million in a
privately-held natural gas explorer, according to a report in
the Wall Street Journal. [ID:nBNG336232]
Shares were down 0.8 percent at $1.23.
GENERAL ELECTRIC CO (GE.N)
The company's aviation unit expects orders this year to
halve as airlines slow plane buying. [ID:nSP282411]
Shares of GE, a Dow component, rose 0.2 percent to $13.58.
APPLE INC (AAPL.O)
A number of analysts raised their price targets on the tech
giant a day after it unveiled a new version of its iPhone smart
phone and cut the prices of some of its Mac notebooks and other
products. [ID:nN08331826]
Susquehanna raised its target to $170 from $155, Barclays
upped its target to $173 from $155, and JPMorgan raised its
target by $20 to $155.
Shares of Apple edged 0.9 percent lower to $142.64.
MEN'S WEARHOUSE (MW.N)
The retailer reported first-quarter earnings that beat
estimates. [ID:nBNG484381]
Shares rose 7.8 percent to $19.26.
CALLAWAY GOLF CO (ELY.N)
The company will cut its second-quarter dividend by 85
percent to improve its cash position. It also affirmed its
full-year outlook. [ID:nBNG84247]
Shares fell 16 percent to $6.14.
QUIKSILVER INC (ZQK.N)
The apparel maker agreed with private equity firm Rhone to
take a five-year loan of about $150 million to improve
Quicksilver's liquidity position and posted an adjusted
quarterly profit that lagged market estimates by 1 cent a
share, hurt by lower gross margins. [ID:nBNG505331]
Shares fell 19 percent to $2.95.
(Reporting by Ryan Vlastelica; Editing by Padraic Cassidy)
