« Back to the top page
Associated Press
Like the story? Get Alerts of big news events. Enter your email address

Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange:

NYSE

American International Group Inc., down $5.41 at $12.14

Concerns persisted over its reserves, as one analyst noted "severe anxiety over the financial condition" of the world's largest insurer.

Lehman Brothers Holdings Inc., down 57 cents at $3.65

Top executives raced to arrange a sale, as Treasury Secretary Henry Paulson said he opposed a government rescue of the investment bank.

General Motors Corp., up 26 cents at $13.01

Several analysts are optimistic that it and other automakers will obtain government loans to help them develop more fuel-efficient vehicles.

Merrill Lynch & Co., down $2.38 at $17.05

Concern over the fate of competitor Lehman Brothers dragged down the financial sector, pummeling shares of the nation's No. 1 brokerage.

Cemex SAB de CV, down $1.45 at $18.70

The Mexican cement giant forecast a drop in third-quarter results after Venezuela's government nationalized its cement operations last month.

Petroleo Brasileiro SA, up $3.52 at $45.70

An analyst reiterated a "buy" rating after the company said an offshore oil field is expected to yield the equivalent of 3 to 4 billion barrels of oil and natural gas.

Tenet Healthcare Corp., up 27 cents at $6.48

Two analysts were optimistic on the hospital operator, with Banc of America saying it "should finally be able to execute on its turnaround."

Chipotle Mexican Grill Inc., down $14.45 at $56.70

The burrito chain predicted it would report a third-quarter profit lower than a year ago, saying a weak economy has sapped its sales.

Copyright 2008 The Industry Standard. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. AP contributed to this report.

Post new comment

The content of this field is kept private and will not be shown publicly.
Respectful debate is welcome, but comments that are defamatory, indecent, abusive, or in violation of any law will be removed.