Time Warner Cable, McDermott are big market movers
NEW YORK (AP) — Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:
Time Warner Cable Inc., up $12.42 to $183.60
The cable company is being bought by rival Charter Communications Inc. in a cash-and-stock deal worth about $55.33 billion.
McDermott International Inc., up 61 cents to $5.28
The engineering and construction company said it was awarded a large offshore contract by oil and gas giant Saudi Aramco.
Barrick Gold Corp., down 58 cents to $11.71
Lower gold prices are weighing shares of the international gold and copper miner and seller, along with its industry peers.
Ctrip.com International Ltd., down $2.64 to $81.99
Priceline bumped its stake in the Chinese travel service provider to 10.5 percent with a $250 million investment.
SFX Entertainment Inc., up 82 cents to $4.94
The electronic dance music promoter plans to go private, with Chairman and CEO Robert Sillerman buying it in a deal valuing the company at around $490 million.
LivePerson Inc., up $1.22 to $10.16
Israel software provider Nice Systems is considering a buyout of the communications software firm, according to media reports.
Apple Inc., down $2.92 to $129.62
A fire at a huge plant owned by the tech giant in the Phoenix suburb of Mesa caused a section of the roof to collapse, but no one was hurt.
Cyren Ltd., down 53 cents to $2.62
The international Internet security services company reported worse-than-expected fiscal first-quarter results.