AIG, Hertz, Prudential, Noble among companies making big moves in the stock marketBy AP
Thursday, September 30, 2010
AIG, Hertz, Prudential among market movers
NEW YORK — Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market:
American International Group Inc., up $1.65 at $39.10
The insurer reached a deal to repay billions of dollars it received from the government during the financial crisis.
Allied Irish Banks plc, down 22 cents at $1.42
Ireland said it will effectively nationalize the troubled Irish financial institution as part of a $60 billion banking sector bailout.
Noble Corp., down $1.18 at $33.79
An Oppenheimer analyst cut his earnings forecast on the Swiss offshore driller by 13 percent for the year.
Manitowoc Co., up $1.45 at $12.11
The industrial equipment maker expects to offer at least $500 million in unsecured notes to refinance debt.
Hertz Global Holdings Inc., down $1.02 at $10.59
Dollar Thrifty shareholders rejected a buyout offer from the car rental company, giving an opening to rival Avis Budget Group.
Prudential Financial Inc., down $2.35 at $54.18
AIG will sell its two Japanese life insurance units to the insurer for about $4.8 billion, including debt.
Boeing Co., up 57 cents at $66.54
The aerospace company again delayed delivery of its 747-8 jet, but the change is not expected to hurt this year’s financial results.
Canadian Solar Inc., up $1.82 at $16.30
Two analysts were upbeat about the solar cell manufacturer’s stock after the company said it is boosting production.
Tags: Europe, Ireland, New York, North America, Ownership Changes, United States, Western Europe