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AIG, EnCana among big market movers

By Associated Press May 12, 2008 Comments (0)

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Stocks that are moving substantially or trading heavily Monday on the New York Stock Exchange:

NYSE

American International Group Inc., down $1.91 at $38.37

The Wall Street Journal reported the insurer's airplane leasing unit may separate itself after the company's steep first-quarter loss.

EnCana Corp., up $5.80 at $91.73

The Canadian energy company said it will split into two companies that focus on oil and natural gas by early 2009.

Boeing Co., up 74 cents at $84.80

It has received an order for four 777-200ER airplanes, worth $850 million at list price, from El Al Israel airlines.

Sprint Nextel Corp., down 14 cents at $9.24

The wireless carrier's first-quarter loss widened as it lost more than a million subscribers and absorbed larges charges.

Cablevision Systems Corp., down 45 cents at $24.52

It bested News Corp. and will buy Melville, N.Y.-based newspaper Newsday for $650 million from Tribune Co.

MBIA Inc., up 42 cents at $9.85

The credit crisis hit the bond insurer hard, fueling a $2.41 billion first-quarter loss and $3.58 billion in write-downs.

IndyMac Bancorp Inc., down 37 cents at $3.06

The mortgage lender swung to a first-quarter loss and tripled its credit reserves due in part to the subprime mess.

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American International Group, Inc.

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