Movers roundup: Titan, New York Times
By
Associated Press
September 11, 2008
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Among the stock activity stories for Thursday, Sept. 11, from AP Financial News:
NEW YORK (AP) _ Shares of Titan International Inc. rose Thursday after the maker of off-road vehicle tires ended talks to buy outstanding shares of Titan Europe PLC, an engineering company in which Titan International holds a 17.3 percent stake.
NEW YORK (AP) _ Shares of New York Times Co. rose Thursday after it was disclosed that Mexican financier Carlos Slim Helu and members of his family purchased 6.4 percent of the publisher's publicly traded stock.
NEW YORK (AP) _ Shares of PDL BioPharma Inc. fell Thursday following negative comments by JP Morgan which called the biotechnology company's royalty stream and development pipeline overvalued by Wall Street.
NEW YORK (AP) _ Shares of AbitibiBowater Inc., the world's largest maker of newsprint, rose Thursday after an analyst narrowed his full-year loss estimate.
NEW YORK (AP) _ Shares of Vanda Pharmaceuticals Inc. ticked higher Thursday after the company said it plans to send the Food and Drug Administration a response to the rejection of its experimental schizophrenia drug iloperidone.