NEW YORK (AP) ? Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market:
NYSE
Hertz Global Holdings Inc., up 86 cents at $11.87
Citing current market conditions, the car rental company said it is dropping its bid for rival Dollar Thrifty Automotive Group Inc.
Sony Corp., up $1.45 at $22.06
The electronics company will buy a 50 percent stake in mobile phone maker Sony Ericsson from partner Ericsson for $1.46 billion.
OfficeMax Inc., up 22 cents at $5.49
Despite a drop in revenue, the office supplies retailer said that its third-quarter net income rose 7.8 percent as it cut costs.
Walt Disney Co., up $1.23 at $36.28
The media company will launch a free-to-air version of its Disney Channel in Russia that will reach about 40 million homes.
Time Warner Cable Inc., down $5.46 at $65.17
The New York-based cable company said that its third-quarter earnings slipped 1 percent as higher expenses offset rising revenue.
Skechers USA Inc., down 75 cents at $13.48
The footwear maker said that its third-quarter profit fell 77 percent, driven by weak revenue from its toning-shoe business.
Nasdaq
Urban Outfitters Inc., up $1.66 at $27.89
A Citi analyst upgraded the retailer’s shares to “Buy” from “Neutral” citing a new strategy that may lead to higher profit in 2012.
Akamai Technologies Inc., up $3.67 at $27.45
The online content delivery company said its third-quarter income rose 6 percent as revenue grew on higher demand for streaming.
