Cisco, News Corp, AOL are big market movers

AP News
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Posted: Aug 11, 2011 4:43 PM
Cisco, News Corp, AOL are big market movers

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

NYSE

AOL Inc., up $1.25 at $11.47

The Internet company approved a $250 million stock buyback plan after the massive sell-off of its shares this week.

Sara Lee Corp., down 22 cents at $17.09

The food maker is planning cost cuts, but its outlook for the upcoming year fell short of Wall Street expectations.

Brinker International Inc., up $2.96 at $23.54

The owner of Chili's and Maggiano's restaurants said its quarterly profit fell, but results and the outlook topped expectations.

Kohl's Corp., up $3.21 at $47.50

The retailer's quarterly profit increased thanks to the strength of its store-label brands, and it raised its guidance for the year.

CF Industries Holdings Inc., up $15 at $164.19

The government cut its estimate for corn yield, which could squeeze supplies and boost prices, giving farmers more money for fertilizer.

Briggs & Stratton Corp., down $1.43 at $13.56

The engine and power tool maker posted a quarterly loss as sales dropped. Its guidance for the upcoming year fell short of expectations.

Nasdaq

Cisco Systems Inc., up $2.19 at $15.92

The computer networking equipment maker forecast stronger revenue growth than analysts had been anticipating.

News Corp., up $2.48 at $16.19

The media conglomerate said operating income in all of its divisions grew, or it pared losses, after it sold money-losing Myspace.