Commerce Bancorp among market movers |
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Fri, 29 Jun 2007 22:16
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NEW YORK (AP) - Stocks that were moving substantially or trading heavily Friday on the New York Stock Exchange and Nasdaq Stock Market:NYSECommerce Bancorp, up $3.18 at $36.99The banking company's founder surprised investors by announcing his retirement. The decision prompted speculation that Commerce might be up for sale.The Talbots Co., up $2.77 at $25.03The apparel retailer named Trudy F. Sullivan, a Liz Claiborne Inc. executive, as its new president and chief executive officer.Office Depot Inc., down $1.51 at $30.30The retailers said in a regulatory filing Thursday that its retail same-store sales would decline 4 percent to 5 percent due to weak economic conditions.NASDAQResearch In Motion Ltd., up $34.40 at $199.99The Blackberry maker posted strong first-quarter results, unleashing a slew of analyst upgrades.Packeteer Inc., down $1.67 at $7.81The company, which develops bandwidth management systems, revealed in a regulatory filing that the Internal Revenue Service said the company owes $122 million in additional taxes, plus penalties of $49 million, excluding interest.Apollo Group Inc., up $7.65 at $58.43The for-profit education provider, which owns the University of Phoenix, reported fiscal third-quarter earnings that topped Wall Street expectations. One analyst upgraded the stock.Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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Commerce Bancorp signs consent order 