Best Buy and Orexigen are big market movers
NEW YORK (AP) - Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:
NYSE
Best Buy Co., up 55 cents to $39.18
The electronics retailer will raise its dividend 21 percent, give shareholders an additional one-time payment and cut costs.
Ford Motor Co., down 40 cents to $16.17
The automaker reported a decline in U.S. sales in February, partly because of weather, and the results fell short of forecasts.
McDermott International Inc., up 72 cents to $3.33
The offshore drilling platforms and services company reported better-than-expected fourth-quarter profit and revenue.
Alibaba Group Holding Ltd., down $2.42 to $81.58
Regulators in Taiwan asked the Chinese e-commerce company to exit the country because of alleged investment regulation violations.
Nasdaq
Orexigen Therapeutics Inc., up $1.85 to $7.64
The maker of obesity and weight-loss drugs reported a slight profit as revenue surged from sales of the drug Contrave.
Caesars Entertainment Corp., down 44 cents to $10.58
The company reported a quarterly loss of over $1 billion, featuring what its CEO called an "unprecedented" run of bad luck at its flagship casino, Caesars Palace.
Nutrisystem Inc., up $2.19 to $19.34
The weight-loss company reported better-than-expected fourth-quarter profit, despite its revenue results falling short of forecasts.
Cumulus Media Inc., down 70 cents to $3.31
The radio station owner and operator reported a fourth-quarter profit, but the results fell short of expectations.