Royal Caribbean, Lexmark are big market movers

AP News
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Posted: Oct 26, 2010 4:38 PM
Royal Caribbean, Lexmark are big market movers

Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

Lexmark International Inc., down $10.01 at $37.71

The CEO of the printer maker unexpectedly resigned and shares plunged despite a solid third quarter.

Owens-Illinois Inc., down $1.72 at $27.90

Venezuelan President Hugo Chavez ordered the expropriation of the U.S.-based glass container maker's subsidiary in the South American country.

Texas Instruments Inc., down 10 cents at $28.88

The chip maker posted a 60 percent jump in net income during the third quarter, but was cautious about demand heading into 2011.

Royal Caribbean Cruises Ltd., up $5.08 at $40.23

The cruise operator's net income soared thanks to late bookings and lower costs, and it raised its earnings forecast for the year.

Coach Inc., up $5.30 at $49.78

The handbag maker said strong demand for its luxury purses drove profit higher and was confident about sales during the holiday season.

Regions Financial Corp. (RF)

The bank posted a wider-than-expected loss on sales of troubled real estate assets and an increase in charge-offs of bad loans.

NASDAQ

Tellabs Inc., down $1.06 at $7

The telecommunications equipment maker's quarterly net income nearly doubled, but it posted a weak revenue forecast.

Northern Trust Corp., up $2.55 at $50.57

A British newspaper said there were rumors that the U.K.'s HSBC wants to buy the Chicago financial services company.