EMC, VMWare, Eli Lilly are big market movers
NEW YORK (AP) - Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and the Nasdaq Stock Market:
NYSE
EMC Corp. (EMC), up 49 cents to $28.35
Dell is buying the data storage company in a deal worth about $67 billion as it expands its software and services business.
VMWare Inc. (VMW), down $6.38 to $72.27
Dell's $67 billion buyout of EMC will involve stock that tracks the performance of EMC's stake in the software company.
Eli Lilly and Co. (LLY), down $6.70 to $79.44
The drug developer is discontinuing development of a potential cholesterol drug because of disappointing late-stage study results.
Twitter Inc. (TWTR), down $2.10 to $28.75
The social media company is preparing to cut its workforce by an unknown amount, according to the online publication Recode.
Nasdaq
Qualcomm Inc. (QCOM), up 1 cent to $57.79
The digital communications products company will sell its Vuforia mobile technology platform to PTC for an undisclosed amount.
Norwegian Cruise Line Holdings Ltd. (NCLH), up $1.84 to $59.79
The cruise line operator will start service from China in 2017 with a ship specifically designed and built for that market.
Sientra Inc. (SIEN), down 88 cents to $6.13
The medical aesthetics company suspended sales of medical implants made by Brazilian contract manufacturer Silimed.
Staples Inc. (SPLS), down 18 cents to $12.19
The FTC pushed back its review deadline for the office supplies company's $6.3 billion acquisition of rival Office Depot.