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Schering-Plough a Big Market Mover



By AP
03 April 2008 @ 01:36 pm EST

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

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NYSE

Schering-Plough Corp., up $1.31 at $15.17

About 10 percent of the drug maker's 55,000 employees are being laid off, bringing about $1 billion per year in savings.

Bear Stearns Cos., up 5 cents at $10.91

Federal Reserve Chairman Ben Bernanke, in remarks to lawmakers, defended the central bank's role in aiding the sale of the investment bank to JPMorgan Chase & Co.

Southwest Airlines Co., down 19 cents at $12.59

The carrier will rebook or refund passengers scheduled to travel on ATA Airlines, which filed for bankruptcy and had a code-sharing agreement with the airline.

Constellation Brands Inc., up 91 cents at $19.63

Excluding a charge on its wine businesses in Australia and Britain, the wine company's profit topped expectations on strong liquor sales.

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 This material may not be published, broadcast, rewritten or redistributed.

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