UBS, Fannie Mae among big market movers

Stocks that are moving substantially or trading heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:

NYSE

UBS AG, down 54 cents at $33.77

Switzerland's biggest bank posted a nearly $11 billion first-quarter loss and revealed plans to cut around 7 percent of its staff, or 5,500 jobs.

Fannie Mae, up $2.52 at $30.81

The country's biggest buyer of home loans will cut its dividend and raise $6 billion in new capital, following a $2.2 billion quarterly loss.

Molson Coors Brewing Co., up $3.94 at $57.10

Growth in the brewer's U.S. and Canadian businesses lifted first-quarter adjusted profit above Wall Street expectations.

D.R. Horton Inc., up 88 cents at $16.85

Big charges to write down inventory caused the homebuilder to swing to a quarterly loss, but sales still came in better than expected.

Wachovia Corp., up 30 cents at $30.08

The bank nearly doubled its first-quarter loss, but an analyst upgraded the stock to "buy" on a dividend cut and efforts to raise capital.

NYSE Euronext Inc., up $4.88 at $72.95

Cost cuts and strong performance in the stock exchange operator's European business lifted first-quarter profit.

MGM Mirage Inc., up $3.23 at $51.85

The owner of the Bellagio resort in Las Vegas posted a decline in quarterly profit, but will boost revenue with better marketing.

NASDAQ

UAL Corp., down 85 cents at $14.15

Traffic dropped 6.3 percent in April, as the operator of United Airlines cut back on capacity and filled fewer seats.

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