(Updates to after the open, adds GM, Ford, Target, FreeSeas
and Blue Coat)
NEW YORK, May 28 (Reuters) - Some U.S. stocks on the move
on Thursday:
GENERAL MOTORS CORP GM.N
Shares of General Motors Corp resumed trading on the New
York Stock Exchange sharply higher after the beleaguered
automaker said it had made an amended offer to its bondholders.
The stock jumped more than 13 percent to $1.30.
PROCTER & GAMBLE CO (PG.N)
The consumer products company gave an outlook for its 2009
and 2010 fiscal years. [ID:nN28309342]
Shares of the Dow component slipped 0.2 percent to $51.69.
TIME WARNER INC (TWX.N)
The company announced a plan to separate its AOL unit, with
the division becoming an independent, publicly traded company.
[ID:nN28396528]
Shares rose 0.5 percent to $23.10.
COSTCO WHOLESALE CORP (COST.O)
The retailer reported its third-quarter results, which
included a drop of 7 percent in its same-store sales.
[ID:nN26497146]
Shares fell 2.5 percent to $47.65.
FORD MOTOR CO (F.N)
The automaker said it had no plans to buy back Visteon
businesses or manufacturing operations, after the parts maker
filed for Chapter 11. [ID:nWEN9648]
Shares rose 1.7 percent to $5.43.
PONIARD PHARMACEUTICALS INC (PARD.O)
The pharmaceutical company said its experimental drug
picoplatin showed favorable results in mid-stage trials against
advanced colorectal cancer and advanced prostate cancer,
setting the stage for possible late-stage studies in 2010.
[ID:nN27340203]
Shares rose 1.6 percent to $4.55.
TARGET CORP (TGT.N)
A proxy battle between the company and activist investor
William Ackman is being put to a vote at the retailer's annual
meeting. [ID:nN28321308]
Shares slid 0.6 percent to $39.35.
CITIGROUP INC (C.N)
The bank is in early negotiations with the U.S. Securities
and Exchange Commission to settle a probe into whether the bank
misled investors by not properly disclosing the amount of
troubled mortgage assets it held as the markets started to fall
in 2007, according to a report in the Wall Street Journal.
[ID:nBNG120676]
Shares of Citigroup, a Dow component, rose 0.5 percent to
$3.72.
HJ HEINZ CO (HNZ.N)
The food company reported its fourth-quarter results and
forecast 2010 sales growth of 4 percent to 6 percent.
[ID:nN28309240]
Shares eased back 0.06 percent to $36.26.
SANDISK (SNDK.O)
Shares of the company rose 0.4 percent to $15.59 after
Goldman Sachs upgraded it to buy from neutral. [RCH/US]
FREESEAS INC (FREE.O)
Shares rose 29 percent to $2.83 after it reported
first-quarter earnings that beat expectations. [ID:nBNG326947]
BLUE COAT SYSTEMS INC (BCSI.O)
Shares fell 11 percent to $14.26 a day after it said it
would delay its quarterly results until the first week of June
as it identifies irregularities with a shipment in its European
operations. [ID:nBNG298942]
DSW Inc (DSW.N)
The footwear retailer forecast fiscal 2009 earnings below
analysts' estimates. [ID:nBNG383500]
Shares fell 8.6 percent to $11.87.
STAR BULK CARRIERS CORP'S (SBLK.O)
The Greek dry bulk carrier reported an increase in its
first-quarter earnings but expects to drydock some vessels.
[ID:nBNG387977]
Shares fell 4.2 percent to $5.14.
DIAMOND FOODS INC (DMND.O)
The food company posted a better-than-expected quarterly
profit and raised its outlook for fiscal 2009. [ID:nBNG440146]
Shares rose 7.8 percent to $27.67.
JO-ANN STORES INC (JAS.N)
The fabric and crafts retailer posted first-quarter results
that topped estimates and reaffirmed its fiscal 2010 outlook.
[ID:nBNG386364]
Shares fell 1.3 percent to $21.18.
NETEZZA CORP (NZ.N)
The data storage company adjusted quarterly results that
missed expectations and didn't provide an outlook for the year
because of economic uncertainty. [ID:nBNG140812]
Shares fell 16 percent to $6.61.
HEICO CORP (HEI.N)
The aircraft component replacement parts maker posted a 12
percent drop in quarterly profit that fell short of Wall Street
expectations, hurt by weak sales. [ID:nBNG471106]
Shares fell 2.94 percent to $30.
(Reporting by Ryan Vlastelica; Editing by Theodore d'Afflisio)
