Best Buy and Orexigen are big market movers

AP News
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Posted: Mar 03, 2015 4:44 PM

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

NYSE

Best Buy Co., up 55 cents to $39.18

The electronics retailer will raise its dividend 21 percent, give shareholders an additional one-time payment and cut costs.

Ford Motor Co., down 40 cents to $16.17

The automaker reported a decline in U.S. sales in February, partly because of weather, and the results fell short of forecasts.

McDermott International Inc., up 72 cents to $3.33

The offshore drilling platforms and services company reported better-than-expected fourth-quarter profit and revenue.

Alibaba Group Holding Ltd., down $2.42 to $81.58

Regulators in Taiwan asked the Chinese e-commerce company to exit the country because of alleged investment regulation violations.

Nasdaq

Orexigen Therapeutics Inc., up $1.85 to $7.64

The maker of obesity and weight-loss drugs reported a slight profit as revenue surged from sales of the drug Contrave.

Caesars Entertainment Corp., down 44 cents to $10.58

The company reported a quarterly loss of over $1 billion, featuring what its CEO called an "unprecedented" run of bad luck at its flagship casino, Caesars Palace.

Nutrisystem Inc., up $2.19 to $19.34

The weight-loss company reported better-than-expected fourth-quarter profit, despite its revenue results falling short of forecasts.

Cumulus Media Inc., down 70 cents to $3.31

The radio station owner and operator reported a fourth-quarter profit, but the results fell short of expectations.