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Big Movers in the Stock Market

July 13, 2006

NEW YORK (AP) _ Stocks that were moving substantially or trading heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market.

NYSE

Warner Music Group Inc., down $5.23 at $24.53; Sony Corp. down $1.67 at $41.23

A European Union court overturned approval of a deal between Sony and Bertelsmann AG, which raised doubts about a possible deal with Warner and EMI Group PLC.

Jones Apparel Group Inc., down $1.77 at $29.49

Merrill Lynch lowered the women’s apparel company to ``sell,″ citing diminished prospects for a sale and likelihood of weaker fundamentals.

Media General Inc., down $2.85 at $39.25

The newspaper and broadcasting company posted a 47 percent drop in second-quarter earnings after selling its stake in the Denver Post boosted year-ago results.

NASDAQ

Cree Inc., down $4.86 at $17.73

The semiconductor product maker cut its guidance for the fourth quarter, prompting an analyst to downgrade the stock.

Tekelec, down $1.36 at $10.33

The maker of network switching systems fell to a first-quarter loss on sluggish sales and did not issue 2006 guidance.

Nastech Pharmaceutical Co., down $2.40 at $12.86

The drugmaker said the Food and Drug Administration did not approve its version of an osteoporosis nasal spray.

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