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Movers roundup: Beazer Homes, Novartis



By AP
19 May 2008 @ 03:27 pm EST

Among the stock activity stories for Monday, May 19, from AP Financial News:

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Quotes
BZH 3.63 -0.48
NVS 46.6 -2.3
NEXC 0.19 0.03
AXL 1.75 -0.64
BCE 26.99 -2.27

SYMBOL LOOKUP

NEW YORK (AP) -Shares of Beazer Homes USA Inc. continued to fall on Monday after the homebuilder reported a loss of $230 million for its fiscal second quarter.

NEW YORK (AP) -Shares of drug developer Novartis AG jumped Monday after the company said its kidney cancer drug candidate delayed tumor growth twice as long as placebo in a late-stage study.

NEW YORK (AP) -Shares of Beijing-based Perfect World Co. fell Monday after the company reported beating analysts' first-quarter estimates but predicted its second-quarter will be impacted by the recent earthquake and a service disruption from a related national mourning period in China.

NEW YORK (AP) -NexCen Brands Inc. shares plummeted after the company warned investors it may not survive, adding it must now find ways to increase its liquidity and pay off $30 million in debt by October.

NEW YORK (AP) -Shares of American Axle & Manufacturing Holdings Inc. fell Monday, as workers began to vote on a tentative agreement that could end a nearly 12-week-old strike at the auto supplier.

NEW YORK (AP) -Shares of BCE Inc., the parent of Bell Canada, declined Monday following reports that its proposed $52 billion takeover by an investor group led by the Ontario Teachers' Pension Plan was in trouble.

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 This material may not be published, broadcast, rewritten or redistributed.

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