American Axle, Tyson Foods, Corning, Pitney Bowes are among market movers Friday

American Axle, Tyson Foods, Corning are big movers

NEW YORK — The following stocks were among those that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:

NYSE:

Air Products & Chemicals Inc., down $5.05 at $68.64

The industrial gas supplier made an unsolicited bid of about $5.1 billion for Airgas Inc. and is willing to go hostile.

Tyson Foods Inc., up 66 cents at $14.65

The meat producer posted a better-than-expected profit thanks to improving results in its chicken unit and falling costs.

Corning Inc., down 20 cents at $18.05

The specialty glass and ceramics maker expects profit to rise moderately in 2010 thanks to rising demand for LCD-TVs.

Pitney Bowes Inc., up $1.04 at $22.34

Lower expenses helped drive the mailing-equipment maker to a higher quarterly profit despite falling sales.

American Axle & Manufacturing Holdings Inc., down $1 at $8.42

The auto parts supplier’s quarterly profit primarily came from a tax benefit, its sales forecast fell short of expectations.

NASDAQ:

Bebe Stores Inc., up 83 cents at $7.11

Cost-cutting and sales promotions lifted the women’s apparel retailer to a better-than-expected quarterly profit.

Shutterfly Inc., up $1.64 at $17.66

Market share gains and product innovations will help drive the photo Web site operator’s earnings higher, an analyst said.

Phase Forward Inc., down $4.25 at $10.60

The software company’s 2010 guidance for 2010 missed Wall Street expectations, prompting an analysts downgrade.