Hewlett-Packard, McDonald’s, Sara Lee, Tyson Foods among big market movers Monday

Monday, August 9, 2010

Hewlett-Packard, McDonald’s big market movers

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


Hewlett-Packard Co., down $3.70 at $42.60

The technology company’s board forced its well-regarded CEO to resign after a sexual harrasment claim and allegedly falsified expense reports.

Sara Lee Corp., down 2 cents at $14.82

The food maker’s CEO, who led it through an important restructuring, is resigning after a stroke in May and leaving the CFO as interim chief.

McDonald’s Corp., up $1.18 at $72.92

A key monthly sales figure rose 7 percent in July at the fast food chain, thanks to popular new drinks in the U.S. and strong sales overseas.

Tyson Foods Inc., down 84 cents at $16.30

The meat producer said higher beef and pork prices and a recovering chicken business helped boost its quarterly profit.

AstraZeneca PLC, up 31 cents at $52.61

The drug maker paid $198 million to settle U.S. lawsuits over its antipsychotic drug Seroquel, which will not affect its guidance for the year.

Skilled Healthcare Group Inc., up 58 cents at $3.07

The nursing home operator filed a motion for a mistrial in a California court case in which it was accused of violating safety codes.


Dish Network Corp., down $2.12 at $18.72

The satellite TV provider’s quarterly net income jumped, but it lost subscribers as competition for viewers intensified.

Superior Well Services Inc., up $3.85 at $22.08

Oil and gas driller Nabors Industries Ltd. will buy the oilfield services provider for about $900 million, or $22.12 per share.

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