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Adobe, General Mills, BofA among big movers
Wednesday, March 18, 2009 5:27 PM


(Source: Associated Press/AP Online)trackingNEW YORK - Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

General Mills Inc., down $5.22 at $48.44

Profit dropped 33 percent on higher costs and a stronger dollar though sales of top brands like Cheerios increased.

MetLife Inc., up $2.10 at $23.30

The insurer said its capital position is strong and that its investment portfolio is well positioned to weather a shaky market.

Bank of America Corp., up 87 cents at $7.14

Chief executive Ken Lewis reportedly said the bank could repay the government's $45 billion investment as early as this year.

Actuant Corp., down 35 cents at $8.05

The manufacturer of motion control systems and electrical supplies expects full-year profit and sales below Wall Street estimates.

NASDAQ

Adobe Systems Inc., up $1.85 at $20.98

Despite a decline, the Photoshop and Acrobat software maker beat Wall Street expectations with adjusted first-quarter profit.

Sun Microsystems Inc., up $3.74 at $8.71

Sources say IBM is in talks to buy it for at least $6.5 billion in cash, a deal that would shake up the corporate computing market.

Charming Shoppes Inc., up 8 cents at $1.27

Losses from continuing operations in the fourth quarter were narrower than expected, the women's apparel retailer said, but an expected double-digit decline in same-store sales will likely cause a first-quarter loss.

Somanetics Corp., up $1.79 at $15.34

The medical device maker said quarterly profit rose 27 percent, as overseas sales nearly doubled and U.S. revenue edged higher.

A service of YellowBrix, Inc.



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