Sears, Chevron, Infosys are big movers

AP News
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Posted: Jan 12, 2012 5:05 PM
Sears, Chevron, Infosys are big movers

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

NYSE

Dick's Sporting Goods Inc., up $4.54 at $40.94

The Pittsburgh-based retailer said its board of directors authorized a $200 million share repurchase program over the next year.

Williams-Sonoma Inc., down $4.76 at $34.32

The home goods seller cut its fourth-quarter earnings guidance to below what analysts expected due to its holiday promotions.

Royal Bank of Scotland Group PLC, up 37 cents at $7.17

The government-owned British bank said it will cut 3,500 jobs in a reorganization and rebranding of its investment banking unit.

Chevron Corp., down $2.80 at $104.97

The oil and gas company said that its fourth-quarter profit will be below its third-quarter results due to lower refining margins.

Nasdaq

Sears Holdings Corp., up $1.10 at $34

Bloomberg reported that lender CIT Group will stop financing loans to suppliers waiting to be paid by the troubled retailer.

Infosys Ltd., down $5.02 at $51.85

Quarterly profits at the software services company beat expectations, but it said that the global slowdown will hurt its growth.

Openwave Systems Inc., up 17 cents at $1.94

The mobile technology software maker said that it is reviewing strategic options for its messaging and mediation businesses.

Synutra International Inc., down 49 cents at $4.24

The nutritional products maker said two children became sick, and one died, after taking its powdered milk formula.