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Wednesday, November 04, 2009
Pulte Homes, Merck, Garmin are big movers
By The Associated Press
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The following stocks were among those that moved substantially or traded heavily Wednesday on the New York Stock Exchange:

NYSE:

Pulte Homes Inc., up 32 cents at $9.55

Pulte lost $361.4 million in the third quarter, but with the acquisition of Centex Corp., new orders increased by more than a third.

Ambac Financial Group Inc., up 39 cents at $1.50

The bond insurer posted a quarterly profit as it realized gains in its credit derivatives portfolio and from reinsurance cancellations.

Merck & Co., up $1.97 at $32.64

The maker of vaccines and cholesterol and diabetes drugs closed its acquisition of Schering-Plough Corp. for $41.1 billion.

Kraft Foods Inc., down 87 cents at $26.67

Kraft said it's still interested in acquiring Cadbury PLC but plans to deliver solid results with or without the British candy maker.

Aetna Inc., up $1.39 at $28.01

The Senate's top Democrat signaled that Congress may miss a year-end deadline for passing health care legislation. Continued...
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