Ford, AmEx, Sara Lee, Microsoft among companies making big moves in the stock marketBy AP
Monday, October 4, 2010
Ford, AmEx, Sara Lee among big market movers
NEW YORK — Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and Nasdaq Stock Market:
Ford Motor Co., up 58 cents at $12.84
A Morgan Stanley analyst took an upbeat view of the automaker’s stock because of strong revenue prospects as U.S. auto sales improve.
American Express Co., down $2.73 at $39.05
The Justice Department sued the credit card company for alleged anticompetitive practices while proposing a settlement with two rivals, MasterCard and Visa.
Sara Lee Corp., up 97 cents at $14.40
The New York Post, citing unnamed sources, said the food company turned down an offer from private equity firm Kohlberg Kravis Roberts & Co.
Coca-Cola Enterprises Inc., up 21 cents at $22.01
Shares reflected a $10-per-share dividend from the completion of the $3.4 billion sale of the bottler’s North American operations to Coca-Cola Co.
Genzyme Corp., up 13 cents at $71.01
France’s Sanofi-Aventis launched an $18.5 billion hostile takeover attempt for the biotech company after its management twice rejected buyout offers.
Microsemi Corp., up $1.19 at $18.30
The chip maker is buying power-management component maker Actel Corp. for about $430 million to expand its product offerings.
Microsoft Corp., down 47 cents at $23.91
A Goldman Sachs analyst downgraded the software company, saying it should raise its dividend and beef up smart phone and tablet offerings.
Huron Consulting Group Inc., down $3.39 at $19.14
The consultancy is selling its disputes and investigations practice to Grant Thornton LLP and cuts its revenue outlook.
Tags: Dividends, New York, North America, Ownership Changes, United States