Marsh & McLennan, CVS Caremark, Bank of America among big market movers Monday

Marsh & McLennan, CVS Caremark among big movers

NEW YORK — Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE:

Marsh & McLennan Cos., down 42 cents at $20.57

Marsh & McLennan is selling its risk consulting subsidiary Kroll Inc. to Altegrity Inc., bringing Kroll under private equity ownership.

CVS Caremark Corp., down $2.75 at $31.04

Drugstore chain Walgreen Co. will end its relationship with competitor CVS Caremark’s pharmacy benefits management business.

Dr Pepper Snapple Group Inc., down 64 cents at $35.85

The Coca-Cola Co. will pay $715 million for the rights to distribute Dr Pepper and Canada Dry in the U.S.

Gannett Inc., up 56 cents at $14.29

The newspaper publisher said earnings should hit the high end of Wall Street expectations as demand for advertising improves.

Bank of America Corp., down 52 cents at $14.83

Bank of America will pay $108 million to settle federal charges that Countrywide Financial Corp. bilked struggling homeowners.

NASDAQ:

SunPower Corp., down $1.10 at $11.79

An analyst downgraded the maker of solar cells and panels, saying currency concerns and spending cuts in Europe pose risks.

Apple Inc., down $5.02 at $250.94

CEO Steve Jobs says the next iPhone will have a clearer screen and will be noticeably thinner than previous versions of the device.

Blue Nile Inc., up 41 cents at $48.31

An analyst upgraded shares of the online jeweler and said it’s poised to gain business as competitors shutter thousands of stores.