McDonald's Among Wall Street Big Movers
posted 1:03 pm Fri October 12, 2007 - NEW YORK
Stocks that were moving substantially or trading heavily Friday on the New York Stock Exchange and Nasdaq Stock Market:NYSECitigroup Inc., down 52 cents at $47.80. The company said it would combine its investment banking and alternative investments divisions into a single business run by a former Morgan Stanley executive.
Rogers Corp., up $5.56 at $47.85.
The maker of specialty materials and components raised its third-quarter profit and sales forecasts.
McDonald's Corp., up 45 cents at $56.70.
The nation's No. 1 hamburger chain forecast a third-quarter profit ahead of Wall Street's expectations and reported strong sales for September.
NASDAQOracle Corp., up 9 cents at $22.55; BEA Systems Inc., up $4.54 at $18.16.
Oracle, the business software maker, confirmed it offered to buy BEA Systems for more than $6.66 billion. Oracle said it sent a letter to the software maker's board offering $17 per share, a 25 percent premium to the stock's close Thursday.
CalAmp Corp., down 49 cents at $3.87.
The maker of wireless communications equipment predicted its fiscal third-quarter revenue will decline.
Limelight Networks, up 56 cents at $12.20.
The network services provider said it would restate financial results because it found material weakness in its internal controls that led to underbilling a client and overpaying a stock-option expense.
Rogers Corp., up $5.56 at $47.85.
The maker of specialty materials and components raised its third-quarter profit and sales forecasts.McDonald's Corp., up 45 cents at $56.70.
The nation's No. 1 hamburger chain forecast a third-quarter profit ahead of Wall Street's expectations and reported strong sales for September.
NASDAQOracle Corp., up 9 cents at $22.55; BEA Systems Inc., up $4.54 at $18.16.
Oracle, the business software maker, confirmed it offered to buy BEA Systems for more than $6.66 billion. Oracle said it sent a letter to the software maker's board offering $17 per share, a 25 percent premium to the stock's close Thursday.
CalAmp Corp., down 49 cents at $3.87.
The maker of wireless communications equipment predicted its fiscal third-quarter revenue will decline.
Limelight Networks, up 56 cents at $12.20.
The network services provider said it would restate financial results because it found material weakness in its internal controls that led to underbilling a client and overpaying a stock-option expense.
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