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Friday, Dec 21, 2012 9:45 PM UTC

Walgreen, Nike, RIM are market movers

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Topics: From the Wires,

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

NYSE

Walgreen Co., down $1.24 at $36.31

The drugstore chain said that its first-quarter earnings fell nearly 26 percent as Superstorm Sandy hurt its performance.

Nike Inc., up $6.10 at $105.10

The athletic gear maker said that strong demand in North America helped it post second-quarter net income that beat expectations.

Red Hat Inc., up $2.38 at $54.99

The software company posted solid third-quarter results and said that it plans to acquire cloud-based software company ManageIQ.

Pinnacle Entertainment Inc., up $2.85 at $16.20

The casino owner said that it will buy rival Ameristar Casinos Inc. for about $869 million. The deal will double Pinnacle’s size.

Mohawk Industries Inc., up $4.25 at $91.29

The maker of residential and commercial flooring, is buying Marazzi Group for $1.5 billion to expand its ceramic tile business.

Quanex Building Products Corp., down $1.87 at $20.32

The construction materials maker said that net income in its fiscal fourth quarter dropped more than 84 percent as costs rose.

Nasdaq

Research In Motion Ltd., down $3.21 at $10.91

The BlackBerry maker said that it lost subscribers for the first time in the latest quarter. The number of users fell below 79 million.

Halozyme Therapeutics Inc., up $1.49 at $7.01

The biopharmaceutical company said that it reached a deal with Pfizer Inc. to develop injectable versions of its biotech drugs.

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Gripping photos: The people of the Turkey protests (slideshow)

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  • The protests take on a festive element as police forces move out of the park and square. Wearing a gas mask, this young man dances to traditional Turkish music in front of Taksim Square’s Ataturk Monument.

  • In Gezi Park since March 31st, this protester, originally caught off-guard by the Government’s teargas and water cannons, went out and bought a Russian army mask from WWII, preparing for what was to come.

  • This rambunctious boy seems to be enjoying the chaos. After taking this picture he threw a stone at the already destroyed building in the background.

  • Forming a line, the police face off directly with protesters in Taksim Square. After a while, they retreated and there was a general cheer – a back-and-forth dance that has been common since the beginning of this protest.

  • An elderly woman in Gezi Park reads the news. The tent community occupying the park was violently destroyed on June 16th.

  • Many different groups had set up booths to promote their cause in Taksim Square and Gezi Park. Standing in front of one, this man waves his flag while posing with conviction.

  • Many home-remedies are used to minimize the effects of tear gas. This woman has put a milky solution on her face, removing her mask after the tear gas dissipated. Before sunrise, the police came again for another round of teargasing.

  • People capitalize on the uprising -- selling flags, beer, gas masks, sky lanterns and spray paint to name just a few of the popular items.

  • On Monday morning, June 11, the police execute a strong offensive. Many plain-clothed police officers, like the ones seen here, clash with protesters in the side streets away from the main stand-off in Taksim.

  • The authorities seem to be most aggressive in the night, pushing protesters away from the square and park. After being teargassed this young woman catches her breath with other protesters on Siraselviler Street.

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