Starwood and Columbia Pipeline climb on deals, Adobe rises

Staff Writer
Columbus CEO

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

NYSE

Starwood Hotels & Resorts Worldwide Inc. (HOT), up $4.18 to $80.57

The hotel chain accepted a $14 billion buyout offer from a group led by Anbang Insurance Group of China.

Columbia Pipeline Group Inc. (CPGX), up $1.33 to $24.84

TransCanada Corp. agreed to buy the company for $10 billion, or $25.50 per share, in an attempt to expand further into the U.S.

Tiffany & Co. (TIF), up $2.07 to $72.19

The jewelry retailer had a difficult fourth quarter, but its profit was larger than investors expected.

JPMorgan Chase & Co. (JPM), up $1.73 to $60.48

The bank said it will buy back another $1.88 billion in company stock, and got a boost from rising oil prices.

Textron Inc. (TXT), up $1.20 to $36.17

The weakening dollar could make Textron's products, including Cessna small planes and Bell helicopters, more affordable overseas.

Bank of America Corp. (BAC), up 39 cents to $13.79

Oil prices made investors more confident that loans to energy companies will be repaid, and the company said it will buy back $800 million in stock.

Nasdaq

Adobe Systems Inc. (ADBE), up $3.46 to $93.42

The software developer behind Photoshop, Illustrator and Acrobat reported better-than-expected results for the fiscal first quarter and raised its annual forecasts.

Shoe Carnival Inc. (SCVL), up $1.55 to $27.22

The footwear retailer rose after it reported strong quarterly results.