Travelzoo, Seagate, SFN are big market movers

AP News
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Posted: Jul 21, 2011 4:40 PM
Travelzoo, Seagate, SFN are big market movers

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

NYSE

SFN Group Inc., up $4.71 at $13.93

Dutch staffing company Randstad offered $771 million for the U.S. staffing company. SFN's management backed the deal.

New York Times Co., up 17 cents at $9.14

The newspaper publisher posted a quarterly loss, but said The New York Times' new, paid online subscription service showed promise.

Morgan Stanley, up $2.48 at $24.20

The investment bank reported a much smaller loss than investors were expecting thanks to a pickup in trading revenue.

Genworth Financial Inc., down $1.26 at $8.21

The insurer expects a second-quarter loss due to "worsening trends" in its mortgage insurance business and the weak housing market.

ITT Educational Services Inc., down $4.69 at $87.90

The for-profit school chain's steep decline in student enrollments led to a 17.7 percent drop in quarterly net income.

Nasdaq

Travelzoo Inc., down $29.71 at $56

The travel deals publisher posted quarterly results that missed expectations despite a 51 percent increase in net income.

Express Scripts Inc., up $2.81 at $55.36

The pharmacy benefits manager is buying rival Medco Health for $29.1 billion. The giant company could get bigger drug discounts.

Seagate Technology PLC, down $2.86 at $14.13

The hard-disk drive maker predicted fiscal first-quarter results below expectations, citing uncertainty in the global economy.