Facebook and State Street climb; Cheesecake Factory skids
NEW YORK (AP) — Stocks that moved substantially or traded heavily Tuesday:
Science Applications International Corp., down $6.92 to $74.52
The information technology company said tight budgets for customers are hurting its sales, and greater costs affected its profits.
Sears Holdings Corp., down 18 cents to $6.85
The retailer’s former Canadian unit said it may have difficulty staying in business.
Cheesecake Factory Inc., down $5.75 to $52.58
The restaurant chain said sales at older restaurants have fallen in the current quarter.
Facebook Inc., up $2.24 to $150.68
After a two-day skid, technology stocks turned higher Tuesday.
Verizon Communications Inc., down 73 cents to $46.46
Verizon officially bought Yahoo’s internet business for $4.5 billion, bringing an end to Yahoo’s 21 years as a publicly traded company.
State Street Corp., up $1.48 to $88.59
Banks continued their recent strong performance and did better than the rest of the market Tuesday.
Essendant Inc., down $1.85 to $15.86
The workplace supplies distributor said CEO Robert Aiken resigned to pursue another opportunity.
Time Inc., up 5 cents to $13.95
The publisher of Time, People, Sports Illustrated and Fortune is cutting 300 jobs as it struggles to adjust to readers’ shift online.