Thursday, May 23, 2013





GM, Zale, Research In Motion are market movers


Last Modified: February 19. 2013 6:45PM
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(AP) Stocks that moved substantially Friday during the abbreviated trading session on the New York Stock Exchange and Nasdaq Stock Market:


NYSE


Baxter International Inc., up $2.69 at $68.81


The drug and medical device maker is negotiating to buy Swedish medical equipment maker Gambro, The Wall Street Journal reported.


General Motors Co., up 61 cents at $25.21


The automaker plans to buy Ally Financial's operations in Europe, China and Latin America in order to expand its auto loan unit.


Kohlberg Kravis Roberts & Co., up 24 cents at $14.11


The private equity firm plans to buy specialty insurer Alliant Insurance Services Inc. from rival Blackstone Group LP.


Zale Corp., down 18 cents at $5.03


Shares of the jewelry retailer continued to fall after posting a larger-than-expected loss for its fiscal first quarter earlier this week.


TriMas Corp., up 29 cents at $24.04


The manufacturer plans to shutter its Goshen, Ind., plant and lay off all 450 workers there 10 percent of its total workforce.


Nasdaq


Research In Motion Ltd., up $1.40 at $11.66


Shares of the Canadian smartphone maker jumped as investors grew more optimistic about a February launch of its delayed BlackBerry 10 device.


KIT Digital Inc., down $1.33 at 74 cents


The video technology company will restate nearly four years of financial results due to errors and irregularities.


MAP Pharmaceuticals Inc., up $2.60 at $15.42


The U.S. Food and Drug Administration accepted its application for approval to sell its experimental migraine drug, Levadex.


Associated Press


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