(Updates to after the open, adds Baxter, Southwest Airlines,
Illinois Tool Works and Gannett)
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 2.3 percent to
$33.30.
SUN MICROSYSTEMS (JAVA.O)
INTERNATIONAL BUSINESS MACHINES (IBM.N)
Sun Micro would be willing to resume takeover talks with
IBM if IBM were to make a stronger commitment to closing a
deal, according to a Bloomberg report. [ID:nBNG342056]
Shares of Sun rose 1.6 percent to $6.23 while shares of
IBM, a Dow component, was up 1.1 percent to $99.96.
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 4.2 percent to
$19.77.
SHERWIN-WILLIAMS (SHW.N)
Shares rose 11 percent to $56.62 after the company reported
first-quarter earnings that beat expectations. [ID:nBNG279133]
BAXTER INTERNATIONAL (BAX.N)
Shares rose 5.3 percent to $51.88 after it reported
first-quarter earnings that topped its own estimate.
[ID:nN14453268]
SOUTHWEST AIRLINES (LUV.N)
Shares of the airline fell 12 percent to $6.75 after it
reported a first-quarter loss on weak demand. [ID:nN16544656]
ACTIVISION BLIZZARD (ATVI.O)
Shares of the video game publisher rose 6.2 percent to
$10.65 after it forecast first-quarter results that were better
than expected. [ID:nN16546439]
ILLINOIS TOOL WORKS (ITW.N)
Shares rose 6.6 percent to $33.23 after it reported
reported an adjusted profit that beat expectations.
[ID:nN16549399]
GANNETT (GCI.N)
Shares of the newspaper company rose 6.6 percent to $3.72
after it reported first-quarter results that beat expectations.
[ID:nN16511813]
JOHNSON & JOHNSON (JNJ.N)
The pharmaceutical company has decided to drop plans for
now to start a separate wellness and disease-prevention unit,
the company's chief financial officer told the Wall Street
Journal in an interview. [ID:nBNG405875]
Shares of the company, a Dow component, rose 0.4 percent to
$51.98.
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 9.2 percent to $18.68.
PARKER-HANNIFIN (PH.N)
Shares of the motion control technology company fell 1.7
percent to $34.66 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 6.9 percent to $1.71.
GENERAL MOTORS GM.N
GM has told U.S. dealers that 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 2.1 percent to
$1.93.
STANLEY FURNITURE (STLY.O)
The furniture company reported a first-quarter loss that
was wider than expected. [ID:nBNG422509]
Shares tumbled 10 percent to $7.60.
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 2.4 percent to $19.57.
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 6.5 percent to $15.83.
(Reporting by Ryan Vlastelica)
