Steelcase, Cigna and Cintas gain; FedEx, Fiat Chrysler dip
NEW YORK (AP) - Stocks that moved substantially or traded heavily on Wednesday:
FedEx Corp., down $16.37 to $146.86
The shipping giant reported a 40% earnings drop and its relationship with Amazon has soured.
Fiat Chrysler Automobiles NV, down 14 cents to $15.19
The company is combining with PSA Peugeot to created the world's fourth-largest automaker.
PG&E Corp., up 40 cents to $11.31
A federal bankruptcy judge approved two settlements to help pay for losses related to wildfires in Northern California.
Cintas Corp., up $5.12 to $265.88
The uniform rental company reported earnings and revenue that came in ahead of what analysts were expecting.
Cigna Corp., up $4.68 to $198.20
The insurance company is selling its group life and disability business to New York Life for more than $6 billion in cash.
Leidos Holdings Inc., up $4.15 to $95.68
The engineering and technology company is buying privately held Dynetics Inc. for $1.65 billion in cash.
Steelcase Inc., up $3.13 to $22.21
The office furniture maker reported results that blew past analysts' estimates and it raised its full-year forecasts.
Voya Financial Inc., up $3.16 to $61.75
The company is selling its individual life and other non-retirement annuities businesses.