FedEx and Viacom are big market movers

AP News
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Posted: Apr 07, 2015 5:24 PM

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

NYSE

FedEx Corp., up $4.49 to $171.16

The U.S. package delivery company has agreed to take over Dutch delivery company TNT Express for about $4.8 billion.

Axalta Coating Systems Ltd., up $2.78 to $31.11

Warren Buffett's Berkshire Hathaway Inc. will pay $560 million for a nearly 10 percent stake in the maker of coating systems.

The Greenbrier Cos., up $1.83 to $62.43

The maker of railroad freight car equipment reported fiscal second-quarter earnings that beat Wall Street expectations.

Nasdaq

Arena Pharmaceuticals Inc., up 17 cents to $4.53

The drug developer received a patent for its weight loss drug Belviq, preventing other companies from producing a similar drug.

Informatica Corp., up $1.96 to $47.79

The data and software company is going private. Two private equity firms are buying it for about $5.3 billion,

Viacom Inc., down $1.32 to $67.28

The media company announced a round of layoffs and restructuring that will result in it booking $785 million in special expenses.

Hooker Furniture Corp., up $2.69 to $21.40

The home furnishings company said that sales of Sam Moore Furniture and Bradington-Young rose during its fourth quarter.

A. Schulman Inc., down $1.65 to $46.75

The supplier of plastic compounds and resins reported a loss of $888,000, after reporting a profit in the same period a year earlier.