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Time Warner, Intuit among big market movers

By the Associated Press

NEW YORK (AP) -- Stocks that are moving substantially or trading heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market:

NYSE

Time Warner Inc., up 9 cents at $16.24

The media conglomerate's board approved the split of its cable TV business, shifting the focus on its cable network, entertainment and publishing operations.

Hewlett-Packard Co., down $1.66 at $44.80

Analysts focused on risks of a recent acquisition deal, despite the computer maker's 16 percent higher quarterly profit on growth abroad.

BJ's Wholesale Club Inc., down $1.20 at $37.65

Discounts on food and fuel lured customers to the warehouse club operator's stores, but a weak economy is still crimping results.

General Motors Corp., down 74 cents at $19.12

A string of labor problems facing the auto maker may soon end with a tentative agreement at a key assembly plant in Kansas City, Kan.

AMR Corp., down $1.98 at $6.22

Given high fuel prices, the operator of American Airlines will charge $15 for the first checked bag, cut domestic flights and lay off workers.

News Corp., down 17 cents at $19.52

Robert Thomson has been named managing editor of The Wall Street Journal after Marcus Brauchli resigned, serving less than a year on the job.

NASDAQ

Intuit Inc., up 93 cents at $28.14

Robust sales of tax-preparation and accounting programs lifted the financial software company's quarterly profit 21 percent.

Red Robin Gourmet Burgers Inc., down $3.64 at $35.05

Soft consumer spending weighed on the casual dining chain's quarterly profit, which declined 3 percent and missed expectations.



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Copyright 2008 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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