News Column

Burger King and Hovnanian are big market movers

August 25, 2014



NEW YORK (AP) Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and the Nasdaq Stock Market:

NYSE

Burger King Worldwide Inc., up $5.29 to $32.40

The burger chain is considering a tie-up with Canada'sTim Hortons in a maneuver that could lower its U.S. tax bill substantially.

GrubHub Inc., down $3.60 to $39.16

In a filing with regulators, the online restaurant delivery service said it may sell 10 million shares.

Hovnanian Enterprises Inc., down 5 cents to $4.22

Homebuilders slid after the U.S. reported a surprise 2.4 percent decline in new-home sales in July, led by a weak Northeast region.

The Boeing Co., up 87 cents to $128.33

Aircraft leasing company BOC Aviation placed an order for 82 airplanes, worth about $8.8 billion, with the Chicago-based manufacturer.

Ann Inc., up $2.42 to $39.94

A big shareholder in the Ann Taylor chain is ratcheting up pressure to explore a sale, calling the company's shares undervalued.

Nasdaq

InterMune Inc., up $19.05 to $72.85

The Swiss pharmaceutical company Roche will buy the U.S. drugmaker for about $8.3 billion, or $74 per share, in an all-cash deal.

CBOE Holdings Inc., up $1.99 to $53.05

Analysts with Raymond James upgraded the trading floor operator, seeing fatter profit ahead in increased trade volatility.

The Madison Square Garden Co., up $1.18 to $66.26

Shares hit another all-time high after JAT Capital Management revealed a 6.7 percent stake in the owner of the New York Knicks.


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Source: Associated Press


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