General Electric, Bank of America, Google, Gannett among big market movers Friday

General Electric, Bank of America among big movers

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

NYSE

General Electric Co., down 70 cents at $14.55

Cost cutting and an improved financial business helped the conglomerate boost profit, but sales remained sluggish.

Bank of America Corp., down $1.41 at $13.98

The bank’s net income rose 15 percent, but trading revenue fell and investors worried about the impact of new financial regulations.

Citigroup Inc., down 26 cents at $3.90

The bank’s net income dropped 10 percent and its trading revenue fell, but its losses from failed loans shrank.

Goldman Sachs Group Inc., up 95 cents at $146.17

The bank will pay $550 million to settle civil fraud charges brought by the SEC, putting a damaging case behind it.

Gannett Co., down $1.61 at $13.50

The publisher’s quarterly results beat analyst expectations, but executives said it remained difficult to gauge advertiser demand.

Charles Schwab Corp., up 59 cents at $15.14

The retail brokerage said it expected its business to improve in the second half of the year.

NASDAQ

Vivus Inc., down $6.70 at $5.41

An FDA panel recommended against approving the drugmaker’s weight loss treatment Qnexa because of safety concerns.

Google Inc., down $34.41 at $459.61

The Internet search giant’s second-quarter results missed Wall Street estimates, even though net income and revenue climbed sharply.