AT&T, Wells Fargo, YRC Worldwide are movers
APNews
Dec 31, 2009
The following stocks were among those that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market:
NYSE:
AT&T Inc., down 29 cents at $28.03
AT&T will no longer sponsor Tiger Woods, joining others in dropping support for the world's top golfer, whose image has taken a beating since a Thanksgiving holiday car accident was followed by an admission of extramarital "transgressions."
Marvel Entertainment Inc., up 3 cents at $54.08
Shareholders approved the company's $4.3 billion acquisition by The Walt Disney Co., as expected.
Delta Air Lines Inc., up 1 cent at $11.38
Delta has received government permission to operate its namesake service and its Northwest Airlines subsidiary as a single carrier.
Wells Fargo & Co., up 17 cents at $26.99
Its CEO and three other high-ranking executives won't get cash bonuses for 2009, but will receive performance-based stock awards.
PPG Industries Inc., down 72 cents at $58.54
Workers in three states sued PPG for unpaid overtime while stocking and servicing Lowe's home improvement stores.
Nike Inc., down 7 cents at $66.07
Nike co-founder and Chairman Phil Knight placed about $1.32 billion worth of his shares in the company in three trusts.
Pilgrim's Pride Corp., down 1 cent at $8.90
Federal investigators will not prosecute Pilgrim's Pride for employing illegal immigrants and have dropped the investigation.
NASDAQ:
YRC Worldwide Inc., 15 cents at 84 cents
YRC completed a debt-for-equity exchange with bondholders in an effort to avoid filing for bankruptcy protection.