Macy's among big movers on Wall Street |
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Mon, 31 Dec 2007 19:12
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NEW YORK (AP) - Stocks that were moving substantially or trading heavily Monday on the New York Stock Exchange and Nasdaq Stock Market:NYSEMerrill Lynch & Co., down 4 cents at $52.93The bank is in talks to line up capital from Chinese and Middle Eastern investors in exchange for portions of the company, according to a report.Macy's Inc., up 37 cents at $25.85The retailer will close nine underperforming stores that collectively employ around 900 staffers in six states, including Ohio.Temple-Inland Inc., down $4.76 at $20.37The packaging and building materials maker has completed the spinoff of its financial services and real estate segments.Transmeridian Exploration Inc., up 58 cents at $1.98Trans Meridian International Inc. offered $3 per share, or $825 million, to take the oil and natural gas company private.Delta Air Lines Inc., up 5 cents at $14.65Although investors have been concerned about high fuel costs, a slip in the price of oil lifted airline stocks.NASDAQSuperior Offshore International Inc., down 32 cents at $4.96The underwater construction and diving services company backed out of plans to buy Ocean Flow International LLC for $15 million in stock.Delta Petroleum Corp., up $2.99 at $18.50Kirk Kerkorian's Tracinda Corp. is paying $684 million, or $19 per share, for a 35 percent stake in the oil and gas company.Salix Pharmaceuticals Ltd., down $1.35 at $7.66Several drug developers received approval for their generic versions of the company's key product, Colazal, which is used to treat ulcerative colitis.Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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Macy's to be exclusive department store retailer for Tommy Hilfiger in U.S. 