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Bear Stearns, Siemens Among Big Movers



By AP
17 March 2008 @ 01:10 pm EST

NEW YORK - Stocks that were moving substantially or trading heavily Monday on the New York Stock Exchange and Nasdaq Stock Market:

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Quotes
JPM 41.96 1.1
SI 115.56 -2.51
HRB 24.08 -0.26
WY 51.81 -0.3
IP 24.39 0.38
UAUA 9.35 0.94

SYMBOL LOOKUP

NYSE

Bear Stearns Companies Inc., down $26.18 at $3.82 (BSC)

A $2-per-share buyout offer from JPMorgan Chase & Co., backed by the federal goverment, caused most of the investment bank's value to evaporate.

Siemens AG, down $21.06 at $103.48 (SI)

The German conglomerate said weak performance this quarter will likely pull earnings down by about euro900 million ($1.4 billion).

H&R Block Inc., up 22 cents at $17.69 (HRB)

The tax preparer will sell Option One Mortgage Corp., its struggling loan servicing business, to billionaire investor Wilbur Ross for $1.1 billion.

CME Group Inc., down $62.82 ay $423.23 (CME)

The parent of the Chicago Mercantile Exchange will buy Nymex Holdings Inc., which runs the New York Merc, for $9.5 billion in cash and stock.

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This material may not be published, broadcast, rewritten or redistributed.

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