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GM, J&J, Wachovia, Lehman, Freddie are big movers



By AP
15 July 2008 @ 05:30 pm EST

NEW YORK - Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and Nasdaq Stock Market:

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Quotes
GM 4.59 -0.65
JNJ 55.33 -3.25
WB 4.3 -1.32
LEH 0.13 -0.17
FRE 0.91 -0.27
NWL 11.81 -1.55
AIG 1.65 -0.36
ESLR 2.23 -0.5

SYMBOL LOOKUP

NYSE

General Motors Corp., up 46 cents at $9.84

The beleaguered auto maker announced plans to lay off salaried workers, cut production and suspend its dividend.

Johnson & Johnson, up $1.29 at $67.70

The health care titan posted an 8 percent increase in second-quarter profit on strong sales of medical devices, consumer products, and its allergy drug Zyrtec.

Wachovia Corp., down 76 cents at $9.08

The banking firm was downgraded by a high-profile Oppenheimer analyst predicting rising losses as it deals with mounting mortgage defaults.

Lehman Brothers Holdings Inc., up 82 cents at $13.22

Media reports asserted that the investment bank's chief executive, Richard Fuld, is considering taking the company private.

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 This material may not be published, broadcast, rewritten or redistributed.

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