HEADLINE STOCKS-U.S. stocks on the move on April 15
(Updates to after the open, adds Burger King, Starbucks, UBS, Peabody Energy and Piper Jaffray)
NEW YORK, April 15 (Reuters) - Some U.S. stocks on the move on Wednesday:
INTEL CORP (INTC.O)
Intel late Tuesday reported quarterly results that beat expectations and said that the worst was over for a battered tech sector, though it declined to give a revenue outlook, citing economic uncertainty. [ID:nN14455703]
Shares of Intel, a Dow component, slid 4.8 percent to $15.24.
ABBOTT LABORATORIES (ABT.N)
The company reported its first-quarter results and gave a second-quarter outlook. [ID:nN15486909]
Shares slid 2.5 percent to $43.60.
YAHOO INC (YHOO.O)
The Internet company is preparing to lay off several hundred workers, according to a source with knowledge of the situation. [ID:nLF374601]
Shares of Yahoo fell 1 percent to $13.93.
WAL-MART STORES (WMT.N)
The retailer's CEO on Wednesday said he didn't anticipate a quick end to the recession. [ID:nWEN7200]
Shares of Wal-Mart, a Dow component, slid 0.6 percent to $50.78.
UBS AG (UBS.N)
U.S.-listed shares fell 3.7 percent to $10.77 after it reported a first-quarter loss and said it would cut 8,700 more jobs. [ID:nLF479909]
BURGER KING (BKC.N)
Shares plunged 17 percent to $18.92 after the fast food company said it faced an "unanticipated traffic slowdown" in March. [ID:nN15487957]
STARBUCKS (SBUX.O)
Shares fell 4.5 percent to $11.36 after the coffee chain was downgraded to sell at Deutsche Bank. [RCH/US]
PEABODY ENERGY (BTU.N)
Shares dropped 7.5 percent to $27.13 after it reported first-quarter earnings that missed expectations. [ID:nN15414572]
PIPER JAFFRAY (PJC.N)
Shares of the investment bank rose 5.9 percent to $28.94 after it reported a loss that was narrower than expected. [ID:nN15485564]
AMERICAN INTERNATIONAL GROUP (AIG.N)
AIG's Financial products unit will miss its self-imposed deadline for winding down by the end of the year and may suffer more losses, unit head Gerry Pasciucco told Bloomberg in an interview. [ID:nBNG213928]
Shares rose 4.6 percent to $1.59.
CAPITAL ONE FINANCIAL (COF.N)
The credit card company said its credit card defaults rose in March as unemployment rose in the United States. [ID:nN15432648]
Shares slid 7.7 percent to $15.76.
BRIDGEPOINT EDUCATION (BPI.N)
The company's initial public offering was priced at $10.50 per share, below the online and campus university operator's estimated range of $14 to $16 a share, a source with knowledge of the matter said on Tuesday. [ID:nN14460748]
RAYMOND JAMES (RJF.N)
Fox-Pitt on Wednesday cut its price target on Raymond James to $17 from $21, saying that long-awaited credit problems at Raymond James bank had finally emerged.
Shares tumbled 20 percent to $15.35.
GENOMIC HEALTH INC (GHDX.O)
The molecular diagnostics company said a validation study of a test that predicts the possibilities of recurrence of stage II colon cancer met the main trial goal. However, the trial, which was testing the company's Oncotype DX colon cancer assay, failed to meet a secondary endpoint. [ID:nBNG493550]
Shares fell 5.4 percent to $23.94. (Reporting by Ryan Vlastelica)
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