AT&T, Wells Fargo, YRC Worldwide are movers

AP News
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Posted: Dec 31, 2009 4:55 PM

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.