Time Warner and Intel are big market movers

AP News
Posted: Jul 16, 2014 4:26 PM

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


Time Warner Inc. (TWX), up $12.12 to $83.13

The media and entertainment company said it rejected a takeover bid from Rupert Murdoch's Twenty-First Century Fox Inc.

International Game Technology (IGT), up $1.42 to $16.92

The slot machine maker is being bought for $4.7 billion by the Italian lottery operator Gtech for $4.7 billion in cash and stock.

HCA Holdings Inc. (HCA), up $5.78 to $60.99

The hospital operator said its second-quarter financial results will be better than expected and it raised its full-year outlook.

PNC Financial Services Group Inc. (PNC), down $3.06 to $85.18

The financial services company reported a decline in net interest margin, which is a key measure of lending profitability.


Intel Corp. (INTC), up $2.94 to $34.65

The world's largest maker of microprocessors reported a 40 percent boost in profit during its most recent quarter as sales rose.

Stephen Moore

Yahoo Inc. (YHOO), down $1.82 to $33.79

The technology company reported a drop in second-quarter profit and revenue, and both results fell short of expectations.

Interactive Intelligence Group Inc. (ININ), down $7.56 to $42.42

The business software and services company lowered its second-quarter revenue guidance, citing deal delays and deferred revenue.

IGate Corp. (IGTE), up $1.21 to $40.69

The information technology and outsourcing company reported second-quarter profit and revenue that topped Wall Street expectations.