Borders Group, Dell, Abbott among big movers
Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market:
NYSE:
Borders Group Inc. (BGP)
The book seller says financier Bennett LeBow is investing $25 million in the company and will become chairman.
Abbott Laboratories (ABT)
Abbott has agreed to buy the domestic healthcare business of India's Piramal Healthcare Ltd., a leading branded generics company.
Aeropostale Inc. (ARO)
The teen clothing retailer reported first-quarter net income of 48 cents per share, topping Wall Street's expectations.
Ann Taylor Stores Corp. (ANN)
The retailer returned to profitability in its first quarter, helped by strong performances at its stores and more full-price purchases.
NASDAQ:
Dell Inc. (DELL)
The computer maker posted higher first-quarter results but disappointed investors with a lower gross margin than a year ago.
Red Robin Gourmet Burgers Inc. (RRGB)
The company said that its first quarter net income rose along with its revenue, but it lowered its full-year outlook,.
Brocade Communication Systems Inc. (BRCD)
The networking equipment maker posted mixed results, with profit above — but revenue slightly below — Wall Street's expectations.
Ziopharm Oncology Inc. (ZIOP)
The company said a mid-stage study of cancer treatments in patients with soft-tissue sarcoma showed effectiveness.
Copyright 2010  AP Features
