Harman, Hasbro, CIT Group are big movers
Harman, Hasbro, CIT Group, Eaton, Red Hat are among big market movers Monday
On Monday July 20, 2009, 4:52 pm EDT
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NEW YORK (AP) -- Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and Nasdaq Stock Market:
NYSE:
Weatherford International Ltd., down 98 cents at $18.95
The oil and gas services supplier said second quarter profit was down 89 percent as lower commodity prices weighed on energy production.
Harman International Industries Inc., down $4.32 at $20.86
The maker of audio and electronic products said that, counter to a report from a Dubai Web site, it had not received any buyout offers.
Red Hat Inc., up $1.72 at $22.32
The software distributor will replace troubled commercial lender CIT Group Inc. in the Standard & Poor's 500 index next Friday.
Hasbro Inc., up $1.07 at $26.45
The toy maker's profit rose 5 percent, surpassing Wall Street expectations, on strong sales of toys tied to summer action movies.
CIT Group Inc., up 55 cents at $1.25
The commercial lender's board approved a rescue deal from bondholders that could help stave off bankruptcy as it restructures debt.
Eaton Corp., up $3.99 at $48.94
The electrical equipment and hydraulics maker cut its forecast for the year, but adjusted earnings beat Wall Street expectations.
NASDAQ:
Human Genome Sciences Inc., up $9.19 at $12.51
The drugmaker said its experimental lupus drug -- the first new treatment in a half century -- reduced symptoms in a late-stage study.
Orexigen Therapeutics Inc., up $1.51 at $7.20
The drug developer said its obesity drug candidate Contrave met goals in clinical trials for weight loss and reduced food cravings.
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