MetLife, Yahoo, Peet's Coffee & Tea are big movers

AP News
Posted: Mar 02, 2011 5:29 PM
MetLife, Yahoo, Peet's Coffee & Tea are big movers

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


PPL Corp., up 84 cents at $25.74

The power company will buy the U.K. electrical networks distribution business of Germany's E.On in a deal worth $6.4 billion.

MetLife Inc., down $2.63 at $43.41

The insurer and bailed-out insurance giant AIG are selling 146.8 million shares of MetLife's stock in public offerings.

Getty Realty Corp., down $5.10 at $23.75

JPMorgan downgraded the energy REIT after it said Russia's OAO Lukoil has transferred its stake to an unnamed owner, who will be late with a March payment.

Weatherford International Ltd., down $2.38 at $21.14

The oil services company must restate years of financial results because of a problem it had discovered with the way it reported its income taxes.

B&G Foods Inc., up $2.96 at $17.98

Price increases and volume growth boosted the fruit spread, canned goods and sauces maker's quarterly profit.


Yahoo Inc., up 53 cents at $16.63

The Internet company is in talks to sell its 35 percent stake in Japanese joint venture Yahoo Japan, according to several media reports.

Hudson City Bancorp Inc., down 98 cents at $9.92

The bank said its regulator may force it to make changes to its business such as reducing its interest-rate risk or beefing up its capital levels.

Peet's Coffee & Tea Inc., up $3.12 at $45.99

A Janney analyst upgraded the coffee seller, saying it could strike a deal to supply coffee for Green Mountain Coffee Roasters' Keurig brewing system.