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Associated Press
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Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange:

NYSE

American International Group Inc., down $1.70 at $2.05

The Federal Reserve is giving the insurer, which is struggling with credit-related losses, a two-year, $85 billion loan in exchange for a 79.9 percent stake.

General Mills Inc., up $1.19 at $69.74

The packaged food maker reported 4 percent lower quarterly profit on higher commodity costs but raised its full-year earnings outlook on higher sales.

Nortel Networks Corp., down $2.62 at $2.68

Revenue will fall by 2 percent to 4 percent this year as customers cut back and delay capital expenditures, the Canadian telecom equipment maker said.

Verasun Energy Corp., down $3.81 at $1.41

The ethanol maker began a 20 million share offering and said it expects a third-quarter loss of at least $63 million on surging corn costs, a key component.

Conseco Inc., down $3.23 at $4.40

The insurer holds more than $100 million in securities of Lehman Brothers Holdings Inc., which filed for bankruptcy, and two other troubled companies.

Mylan Inc., up 16 cents at $11.01

The Food and Drug Administration barred the import of more than 30 products from rival generic drug maker Ranbaxy, which is based in India.

Circuit City Stores Inc., down 27 cents at $1.54

HBK Investments, a major shareholder, scaled back its stake in the electronics retailer and rival Best Buy Co. posted a lower quarterly profit.

Morgan Stanley, down $6.95 at $21.75

While the investment bank reported better-than-expected quarterly profit, shares fell with the broader market on concerns about exposure to bad credit.

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 This material may not be published, broadcast, rewritten, or redistributed.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

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