3Par, Lowe’s, Washington Post, MedcoHealth among big market movers Monday

By AP
Monday, August 16, 2010

3Par, Lowe’s, Washington Post big market movers

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

NYSE

3Par Inc., up $8.35 at $18

Dell said it is buying the maker of enterprise data storage equipment for about $1.13 billion in cash, or $18 a share.

Lowe’s Cos., up 11 cents at $19.70

The home-improvement retailer’s net income rose 10 percent. It raised its earnings outlook but tempered its sales forecast on economic concerns.

Air Products & Chemicals Inc., up 22 cents at $75.90

Air Products reached an agreement with the Federal Trade Commission on a consent decree for its $5.5 billion takeover of rival Airgas.

Vitacost.com Inc., down 63 cents at $7.72

The online retailer of vitamins and supplements reported a second-quarter loss and said CEO Ira P. Kerker has left the company.

MedcoHealth Solutions Inc., down $1.11 at $45.81

The company expanded its research capabilities by agreeing to buy drug- and medical device-study designer United BioSource for $730 million.

Washington Post Co., down $27.83 at $315.65

Kaplan Higher Education, its biggest and most profitable division, could run up against proposed federal regulations governing for-profit colleges.

NASDAQ

Corinthian Colleges Inc., down $1.44 at $5.22

Data showed many students at for-profit colleges aren’t repaying loans, which could imperil future aid, the bulk of the schools revenue.

Synutra International Inc., up $1.97 at $14.25

China’s Health Ministry this weekend cleared the company of any link between its milk powder and apparent breast growth in babies.

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