Kellogg, Wal-Mart, Hasbro are market movers

AP News
Posted: Apr 23, 2012 5:23 PM
Kellogg, Wal-Mart, Hasbro are market movers

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


Kellogg Co., down $3.29 at $50.70

The maker of Frosted Flakes cereal and Eggo waffles cut its 2012 forecast because of slower sales growth in its first quarter.

Wal-Mart Stores Inc., down $2.91 at $59.54

The New York Times reported over the weekend that executives at the retailer's Mexican business carried out a vast bribery scheme.

Brinker International Inc., up $2.98 at $30.88

The owner of the Chili's and Maggiano's restaurant chains posted a 12 percent rise in third-quarter profit as it raised prices.

Barnes & Noble Inc., up $2.07 at $13.41

Hedge fund Jana Partners said in an SEC filing that it owns about 12.5 percent of the bookseller's 55.9 million outstanding shares.


Hasbro Inc., down $1.88 at $34.04

The toy maker reported a first-quarter loss due to costs related to staff cuts and weak sales of "My Littlest Pet Shop" miniatures.

Ardea Biosciences Inc., up $10.78 at $31.62

Anglo-Swedish drug company AstraZeneca PLC said that it is buying the U.S. biotech company Ardea Biosciences Inc. in a deal worth about $1.26 billion.

Infosys Ltd., down 99 cents at $45.66

The U.S. Department of Homeland Security is investigating the outsourcing company for visa "errors," adding to its legal woes.

Amylin Pharmaceuticals Inc., up $3.14 at $26.06

Reuters reported that the diabetes drugmaker is looking for buyers and hired Credit Suisse and Goldman Sachs as financial advisers.