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Arcelor Mittal, CBS among big market movers



By AP
15 May 2008 @ 01:03 pm EST

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

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Quotes
MT 19.84 -3.84
CBS 5.83 -0.83
CNET 11.4899997711182 0.03
GM 4.59 -0.65
JCP 16.55 -2.44
BBI 1.02 -0.17
CC 0.1 -0.15
CTRP 20 -3.27
YHOO 10.74 -0.77
BX 5.56 -0.7

SYMBOL LOOKUP

NYSE

Arcelor Mittal, up $2.63 at $99.63

The world's largest steel maker posted a 5 percent jump in first-quarter profit, but an executive warned rising prices may pressure demand and the industry.

CBS Corp., down 66 cents at $24.16

It will spend $1.8 billion in cash, the equivalent of $11.50 per share, for online media company CNET Networks Inc. in a move to bolster its Internet presence.

General Motors Corp., up 59 cents at $20.78

The automaker and the Canadian Auto Workers union have inked a new contract that will freeze wage increases for three years, but include cost-of-living adjustments.

J.C. Penney Co., up $1.86 at $46.11

The retail icon's first-quarter profit slumped nearly 50 percent as consumers tightened their wallets, and the company guided for a "difficult" 2008.

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 This material may not be published, broadcast, rewritten or redistributed.

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