Big Movers in the Stock Market
%mlink(STRY:; PHOTO:; AUDIO:%)
NEW YORK (AP) _ Stocks that were moving substantially or trading heavily Monday on the New York Stock Exchange and Nasdaq Stock Market.
TXU Corp., down $6.59 at $12.16
The energy company said it was cutting its quarterly dividend by 80 percent and cutting investments in its European operations.
Pilgrim’s Pride Corp., down $2.53 at $4.48
The second-largest poultry company recalled 27.4 million pounds of cooked sandwich meat due to possible listeria contamination, the largest meat recall in U.S. history.
The Fairchild Corp., up 35 cents at $5.25
The European Union approved Alcoa’s purchase of Fairchild’s aerospace fasteners business, Fairchild Fasteners.
Quintiles Transnational Corp., up $1.83 at $10.14
The tester of drugs and medical devices received an offer from chairman and founder Dennis B. Gillings to buy the company’s 117.6 million outstanding shares at a 35 percent premium over Friday’s closing price.
Silgan Holdings Inc., down $6.44 at $19.99
The maker of metal containers lowered its third-quarter and full-year outlook, citing sluggish sales in its plastic container business.
Chiron Corp., up $2.30 at $40.85
The biotech firm said it expects third-quarter earnings to beat analysts’ expectations, citing improved performance in all of its units.