Adobe and Boeing are big market movers

AP News
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Posted: Sep 18, 2015 4:38 PM

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

NYSE

Freeport-McMoRan Inc, down $1.17 to $10.88

The copper producer said it may sell another $1 billion of its own shares after completing a similar-sized stock sale.

La Quinta Holdings Inc., down $2.92 to $16.05

The hotel operator's CEO resigned, and the company cut its outlook because of weak demand in August and September.

Johnson Controls Inc., down 95 cents to $40.50

The auto parts company plans to cut 3,000 employees from its global workforce over the next two years as part of a cost-reduction push.

The Boeing Co., down $1.36 to $136.09

The aircraft maker ended an agreement with a key supplier and will build major parts of its 747-8 jumbo jetliner in house.

Bank of America Corp., down 30 cents to $15.56

The bank's stock extended its slump following comments that it expects a decline in trading revenue during the third quarter.

Nasdaq

Adobe Systems Inc., up 94 cents to $81.25

The software maker reported positive fiscal third-quarter results, but gave a disappointing fourth-quarter outlook.

Qualcomm Inc., down 53 cents to $54.45

The smartphone chipmaker is cutting more than 1,300 full-time jobs as it moves ahead with its plan to trim its workforce.

Comcast Corp., down $1.04 to $57.42

The cable operator will pay $33 million as part of a settlement in a customer-privacy breach case with California authorities.