General Electric, Morgan Stanley, AMD are movers
From AP News | 2010-01-22 20:48:38
<div id="subtitle">General Electric, Morgan Stanley, AMD, Harley-Davidson are among market movers Friday</div><div><p>The following stocks were among those that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:</p><p>NYSE:</p><p>General Electric Co., up 9 cents at $16.11</p><p>The industrial conglomerate's troubled finance unit posted a profit, and overall earnings beat Wall Street expectations.</p><p>Advanced Micro Devices Inc., down $1.11 at $7.88</p><p>A $1.25 billion legal settlement pushed the chip maker to a profit, but it would have lost money without the cash from Intel Corp.</p><p>Morgan Stanley, down $1.54 at $27.80</p><p>Shares of the investment bank continued to drop as investors weighed President Obama's latest financial policy proposal.</p><p>Royal Caribbean Cruises Ltd., down $1.15 at $25.42</p><p>An industry analyst said the cruise company's shares have rebounded too quickly, even though tourists are traveling and spending less.</p><p>Harley-Davidson Inc., down $1.99 at $23.59</p><p>The motorcycle maker posted a quarterly loss, its first in 16 years, due to restructuring costs and slumping sales of its bikes.</p><p>NRG Energy Inc., up 73 cents at $24.73</p><p>The power plant owner will replace Sun Microsystems Inc. in the S&amp;P 500 index on a date still to be announced.</p><p>Schlumberger Ltd., down $3.07 at $65.24</p><p>A plunge in crude oil prices cut the oil services company's quarterly profit by 31 percent, but oil demand is likely to rise this year.</p><p>NASDAQ:</p><p>Huntington Bancshares Inc., up 16 cents at $4.69</p><p>The regional bank's quarterly loss narrowed, even as it set aside more money to reserve against loan losses.</p><img src="http://admatch-syndication.mochila.com/images/ad.gif?aid=67539709&bid=informcom" /></div><div id="copyright"><div>
Copyright 2010 <a href="http://www.ap.org">AP News</a></div></div>
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