Apple, Best Buy, AOL are market movers

AP News
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Posted: Aug 27, 2012 4:50 PM
Apple, Best Buy, AOL are market movers

NEW YORK (AP) — Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

Best Buy Co. Inc., up 56 cents at $17.87

The electronics chain and Richard Schulze, its founder, said they reached an agreement that will allow him to try to buy the company.

Tiffany & Co., up $4.21 at $62.71

The luxury retailer said its second quarter net income rose 2 percent and revenue at established stores fell less than expected.

Hertz Global Holdings Inc., up $1.06 at $14.21

The rental car company is buying rival Dollar Thrifty Automotive Group Inc. for $2.3 billion, giving it a bigger global presence.

Kenexa Corp., up $13.40 at $45.79

Technology company International Business Machines Corp. is buying the employee management software maker for about $1.26 billion.

AOL Inc., up 94 cents at $33.86

The Internet company said that it will buy back about $600 million in its common stock and declared a special dividend of $5.15 per share.

Nasdaq

Apple Inc., up $12.46 at $675.68

After winning a $1 billion court battle against rival Samsung, shares of the iPhone and iPad maker rose to an all-time high.

Deltek Inc., down $1.08 at $12.93

The software maker is being bought by private equity firm Thoma Bravo at a share price that is 7.2 percent below its Friday close.

Hudson City Bancorp Inc., up $1.01 at $7.45

M&T Bank Corp. is buying Hudson City in a deal that is worth about $3.7 billion to broaden M&T's reach in the eastern U.S.