WaMu, RIM, JPMorgan, GE among big movers

NYSE

Washington Mutual Inc., down $1.53 at 16 cents

The thrift became a penny stock after it collapsed under the weight of bad mortgage bets and was seized by federal regulators, with parts sold to JPMorgan Chase.

JPMorgan Chase & Co., up $4.78 at $48.24

The banking giant agreed to buy most of Washington Mutual for $1.9 billion, its second takeover of a failed institution after buying Bear Stearns in March.

National City Corp., down $1.28 at $3.71

The regional bank lost a quarter of its value as the government haggled over details of a proposed $700 billion bailout of the banking sector.

General Electric Co., down 43 cents at $25.25

The conglomerate continued its slide a day after cutting its profit forecast, freezing its dividend and suspending its buyback due to financial unit troubles.