Valeant and Dollar Tree are big market movers

AP News
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Posted: Sep 01, 2015 4:49 PM

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

NYSE

Valeant Pharmaceuticals International Inc., down $6.55 to $224.05

The drug developer is buying rights to AstraZeneca's psoriasis drug brodalumab, which is in late-stage development.

Whirlpool Corp., down $7.90 to $160.20

The appliance maker offered to buy Aga Rangemaster, opening up a potential bidding contest with rival Middleby Corp.

Hilton Worldwide Holdings Inc., down 73 cents to $24.10

The hotel operator is launching an option for guests to set up automatic notifications to request Uber rides during their stay.

M&T Bank Corp., down $5.59 to $112.65

The bank settled a lawsuit alleging that it had a lending bias in the New York City market and agreed to improve its lending policies.

ConocoPhillips, down $1.40 to $47.75

The energy company is cutting around 1,810 jobs, or 10 percent of its workforce, following a plunge that took oil prices to their lowest levels in years.

Nasdaq

Dollar Tree Inc., down $6.61 to $69.65

The discount retailer reported a fiscal second-quarter loss and the results fell short of Wall Street expectations.

Fuel Systems Solutions Inc., down 29 cents $6.56

The maker of alternative fuel components and systems is being acquired by Westport Innovations, a Canadian maker of truck engines that run on natural gas.

Ocata Therapeutics Inc., up 15 cents to $4.38

The biotechnology company received a NIH grant to fund development of its potential treatments for degenerative eye conditions.