Big Movers in the Stock Market
NEW YORK (AP) _ Stocks that were moving substantially or trading heavily Monday on the New York Stock Exchange and Nasdaq Stock Market.
Chicago Bridge & Iron Co., up $1.99 to close at $22.30.
The engineering and construction firm said it delayed its third-quarter earnings report while an audit committee looks into alleged accounting improprieties.
Valero Energy Corp., up $5.74 to close at $105.24.
The oil producer said its third-quarter profit doubled and that Bill Greehey will step down as chief executive officer at year-end while remaining chairman.
Nam Tai Electronics Inc., down $1.50 to close at $22.65.
The electronics manufacturer posted a lower quarterly profit and said one of its units could be hurt by intensified competition.
Apple Computer Inc., up $3.12 to close at $57.59.
The company said more than a million videos have been downloaded through its iTunes service since mid-October.
Cumulus Media Inc., up $1.22 to close at $12.16.
The radio-station operator is joining a group of investors to acquire privately held Susquehanna Pfaltzgraff Co.’s radio business for about $1.2 billion.
Brightpoint Inc., up $2.47 to close at $21.59.
The wireless phone distributor sees its third-quarter earnings ahead of Wall Street targets.