Revlon, General Motors, Palm are big movers
From AP Features | 2009-05-28 22:11:29
<div><p>Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market:</p><p>NYSE</p><p>Revlon Inc., down 99 cents at $4.96</p><p>The cosmetics company will cut 400 jobs and said sales and earnings will be hit in the second quarter by pension costs and slowing growth.</p><p>General Motors Corp., down 3 cents at $1.12</p><p>The auto maker said its bondholders agreed to a sweetened stock-for-debt deal and detailed plans for a probable Chapter 11 reorganization.</p><p>Pulte Homes Inc., down 73 cents at $8.67</p><p>Bad news on new home sales and a record number of homeowners in foreclosure indicated any recovery for homebuilders will be slow.</p><p>Terex Corp., down $1.77 at $13.62</p><p>The heavy equipment maker said it would raise $662 million through offerings of notes and stock after Moody's cut its debt ratings.</p><p>Macy's Inc., down 39 cents at $11.17</p><p>The department store's deal to place FAO Schwarz outlets inside 685 stores will end after Toys R Us acquires the high-end toy retailer.</p><p>NASDAQ</p><p>Palm Inc., up 93 cents at $11.46</p><p>The eagerly anticipated Pre smart phone, which goes on sale June 7, will be able to connect to Apple's iTunes software and download music.</p><p>Costco Wholesale Corp., down 86 cents at $47.97</p><p>Litigation charges and weak sales of pricier items drove down third-quarter profit, and the warehouse club didn't issue guidance</p><p>Exelixis Inc., up 85 cents at $5.36</p><p>The drug maker struck a cancer drug development deal with pharmaceutical giant Sanofi-Aventis potentially worth more than $1 billion.</p><img src="http://admatch-syndication.mochila.com/images/ad.gif?aid=51435001&bid=informcom" /></div><div id="copyright"><div>
Copyright 2009 <a href="http://www.ap.org">AP Features</a></div></div>
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