GM and MetLife shares rise, Ford and CSX decline

AP News
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Posted: Jan 13, 2016 4:43 PM

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

NYSE

BorgWarner Inc., down $3.56 to $33.84

The auto parts supplier's 2016 forecasts fell short of Wall Street expectations.

Ford Motor Co., down 65 cents to $12.20

The automaker said 2015 results will be at the high end of estimates, but gave a disappointing profit forecast for 2016.

General Motors Co., up 19 cents to $30.49

The automaker raised its 2016 profit guidance, boosted its dividend and said it will buy back more stock.

MetLife Inc., up 92 cents to $42.91

The company said it is thinking about selling or spinning off a large part of its U.S. life insurance business as it tries to shake off regulators' designation that it's 'too big to fail.'

SuperValu Inc., down 93 cents to $5.08

The grocery store chain said its net income and sales continued to fall in its fiscal third quarter.

Nasdaq

Atmel Corp., up 28 cents to $7.96

The chipmaker said it prefers a buyout offer from Microchip Technology to a bid it accepted last year.

CSX Corp., down $1.35 to $22.35

The railroad reported disappointing fourth-quarter results as shipment volume fell and demand for coal remained weak.

Intuitive Surgical Inc., up $3.02 to $545.14

The robotic surgery device maker gave a preliminary fourth-quarter revenue estimate that was stronger than analysts expected.