GE, Verizon, Equinix, Costco among companies making big moves in the stock market

GE, Verizon, Equinix among big market movers

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

NYSE

General Electric Co., up 39 cents at $16.90

The conglomerate will buy energy equipment maker Dresser Inc. for about $3 billion to capitalize on the boom in natural gas in the U.S. and abroad.

Verizon Communications Inc., up 28 cents at $33.36

A Wall Street Journal report said that Apple Inc. was planning to make an iPhone this year that was compatible with the wireless carrier’s network.

M&T Bank Corp., down $4.18 at $78.91

After being taken over by the Irish government, Allied Irish Bank will sell its 22.4 percent stake in the Buffalo, N.Y., bank.

Constellation Brands Inc., up 76 cents at $18.52

The world’s biggest winemaker said Americans bought more wine from supermarkets and convenience stores, and opted for more expensive brands.

NASDAQ

Equinix Inc., down $34.75 at $70.34

The data center service provider cut its revenue outlook because of lost North American customers, and will cut its prices.

Costco Wholesale Corp., up 75 cents at $65.41

The warehouse club’s quarterly profit jumped because of increased revenue from membership fees and strong international sales.

Diamond Foods Inc., down $1.73 at $40.72

A delayed nut harvest and higher ad spending caused the snack food maker to post a disappointing first-quarter guidance.

American Superconductor Corp., up $1.93 at $35.39

The company, which makes equipment for power generators and utilities, received a large order from a South Korean company.