Apple, Clorox, Yahoo are big market movers

AP News
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Posted: Jul 20, 2011 4:59 PM
Apple, Clorox, Yahoo are big market movers

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

NYSE

Altria Group Inc., down 65 cents at $26.37

The maker of Marlboro cigarettes said quarterly profit slid on lease charges, and its brands lost market share.

Clorox Corp., up $1.77 at $74.34

Billionaire investor Carl Icahn increased his offer for the consumer goods maker to about $10.7 billion.

Ecolab Inc., down $4.08 at $51.31

The cleaning and pest-control services provider is buying water treatment company Nalco for about $5.4 billion.

Nasdaq

Apple Inc., up $10.05 at $386.90

Surging sales of iPads and iPhones and strong growth in Asia helped quarterly net income more than double from a year ago.

Yahoo Inc., down $1.11 at $13.48

The Web portal's revenue forecast for the July-September quarter was short of Wall Street expectations due to an ad sales slump.

E-Trade Financial Corp., up $1.77 at $14.72

Hedge fund Citadel, the online brokerage's largest shareholder, wants E-Trade to consider putting itself up for sale.

Riverbed Technology Inc., down $9.35 at $32.05

The computer networking services provider's second-quarter revenue, and its profit forecast, both fell short of expectations.

InterDigital Inc., up $15.41 at $68.67

Google Inc. is in "preliminary discussions" to acquire the wireless technology company, according to The Wall Street Journal.