Las Vegas Sands, MetLife, Manitowoc, Novatel Wireless are among big market movers FridayBy AP
Friday, October 30, 2009
Las Vegas Sands, MetLife, Manitowoc are big movers
NEW YORK — The following stocks were among those that moved substantially or traded heavily Friday on the New York Stock Exchange:
Alcatel-Lucent, down 48 cents at $3.69
The telecommunications equipment maker saw its net loss widen in the third quarter as European phone companies cut back on spending.
Harman International Industries Inc., up $4.61 at $37.61
The company said its fiscal first-quarter sales rose from earlier this year and aggressive cost cuts continued.
Manitowoc Co., down $1.31 at $9.14
The industrial equipment maker posted a smaller loss as it cut costs, increased efficiency and reduced working capital costs.
Aon Corp., down $2.68 at $38.51
The insurance broker posted a higher third-quarter profit but missed expectations as its income from investments tumbled 69 percent.
Las Vegas Sands Corp., up 33 cents at $15.09
The casino operator received approval for its Hong Kong initial public offering as investors latched on to comments made by its CEO.
MetLife Inc., down $2.81 at $34.03
MetLife reported a loss of $650 million for the third quarter, driven by losses in its investment portfolio.
Estee Lauder Cos., up $1.36 at $42.50
A strong relaunch of a skin-care line and better-than-expected sales at airport stores helped more than double the company’s profit.
Novatel Wireless Inc., down $3.27 at $8.92
The high-speed Internet service provider posted a disappointing outlook for the fourth quarter, despite strong third-quarter results.
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