Burlington Northern, Ford, UBS are big movers
The Associated Press
NEW YORK (AP) — The following stocks were among those that moved substantially or traded heavily Tuesday on the New York Stock Exchange:
NYSE:
Burlington Northern Santa Fe, up $20.93 at $97
Berkshire Hathaway Inc. agreed to buy the nation's second-largest railroad and biggest hauler of food products for $34 billion.
Johnson & Johnson, down 56 cents at $58.93
The company will cut up to about 8,000 jobs and streamline its operations as it braces for changes in the health care industry.
UBS AG, down 54 cents at $16.24
The Swiss bank posted a third-quarter net loss of 564 million Swiss francs ($542 million), blaming accounting charges.
Stanley Works, up $4.54 at $49.69
The tool maker agreed to pay $3.46 billion for rival Black & Decker Corp. to better position itself for a housing market recovery.
Ford Motor Co., down 14 cents at $7.44
Ford
Royal Caribbean Cruises Ltd., down 92 cents at $19.75
The cruise line said its third-quarter profit and revenue tumbled because it deeply discounted fares.
NASDAQ:
Canadian Solar Inc., up $1.72 at $16.41
An analyst upgraded the solar energy system maker's stock, citing an attractive stock value, reduced risk and better visibility.
Peet's Coffee & Tea Inc., up $3.88 at $38.44
The coffee chain retailer will buy wholesale roaster and distributor Diedrich Coffee Inc. for $213 million.
Associated Press
