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Sun, Microsoft, Chevron, Viacom among big market movers

By Associated Press May 2, 2008 Comments (0)

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Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:

NYSE

Chevron Corp., up 38 cents at $95.32

Record high oil prices lifted profit 10 percent and above expectations, the second-largest U.S. oil company said.

Viacom Inc., down 44 cents at $39.48

Shares fell, even as the owner of MTV and Nickelodeon said strong sales of video game "Rock Band" lifted first-quarter earnings 33 percent.

KBR Inc., up $1.68 at $30.21

The military contractor's quarterly profit more than tripled because of a $51 million gain from an arbitration award.

Washington Post Co., down $30.70 at $652.80

More consumers turned to the Internet for information, tugging down newspaper revenue, circulation and profit.

InterContinental Exchange Inc., up $1.12 at $161.12

Trading volume accelerated in the U.S. and Europe, lifting the futures exchange operator's first-quarter profit by 66 percent.

NASDAQ

Sun Microsystems Inc., down $3.69 at $12.64

Soft spending from U.S. companies caused the server and software company to post an unexpected $34 million quarterly loss.

Microsoft Corp., down 16 cents at $29.24

The world's biggest software company may go straight to Yahoo Inc.'s shareholders with a hostile takeover bid, according to a report.

Morningstar Inc., up $11.87 at $71.84

An analyst upgraded the stock after the investment-research firm's profit rose 32 percent and topped expectations.

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Chevron Corp

CVX Down! $95.43 -0.36 (-0.38%) 11:39 AM
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Updated: 11:40:51 AM
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