Mariner Energy, Burger King, Nordstrom among companies making big moves in the stock market
By APThursday, September 2, 2010
Mariner Energy, Burger King are big movers
NEW YORK — Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market:
NYSE
Mariner Energy Inc., down 60 cents at $22.75
The energy company’s oil platform exploded in the Gulf of Mexico in shallow water about 100 miles off the Louisiana coast.
Burger King Holdings Inc., up $4.73 at $23.59
Private equity firm 3G Capital is buying the country’s No. 2 hamburger chain in a deal valued at $3.26 billion.
Tyson Foods Inc., down 55 cents at $16.04
China imposed a five-year tariff of 12.5 percent on chicken parts and whole birds made by the meat producer.
Collective Brands Inc., down $1.25 at $12.51
Quarterly results from the parent of Payless ShoeSource missed Wall Street expectations as fewer customers shopped and stores closed.
Pier 1 Imports Inc., up $1.11 at $7.65
The home products retailer’s quarterly sales rose 8 percent on across-the-board margin improvements and more foot traffic.
Nordstrom Inc., up $2.44 at $32.76
A key revenue measure rose 6.3 percent in August at the luxury department store thanks to strong sales of jewelry, dresses and women’s shoes.
NASDAQ
Orexigen Therapeutics Inc., up 84 cents at $5.43
The drug maker signed a marketing deal potentially worth up to $1 billion with a Japanese pharmaceutical company.
Dell Inc., up 24 cents at $12.36
The computer maker walked away from a bidding contest with rival Hewlett-Packard Co. for data-storage maker 3Par Inc.
Tags: 3g capital, Contracts And Orders, Exploded, Health Care Industry, Mariner energy, New York, North America, United States