NEW YORK (AP) — Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and Nasdaq Stock Market:
Skilled Healthcare Group Inc., down $3.74 at $5.06
The government is cutting Medicare reimbursement payments for nursing facilities by 11.1 percent starting in fiscal 2012.
Talbots Inc., up 61 cents at $4.07
A private equity firm acquired a 9.9 percent stake in the women’s clothing maker, saying its stock is an “attractive investment.”
HSBC Holdings PLC, up 79 cents at $49.66
The British bank will cut 30,000 jobs and sell retail bank branches in the U.S. It wants to focus on fast-growing emerging markets.
Peabody Energy Corp., down 84 cents at $56.63
The coal miner and steelmaker ArcelorMittal launched a $5.2 billion hostile bid for Australian coal company Macarthur.
Humana Inc., down $2.22 at $72.36
The health insurer’s profit rose 35 percent, and it raised its forecast for the year. But shares slid as broader markets declined.
Windstream Corp., down 6 cents at $12.15
The voice and data services provider will buy Paetec for $891 million in stock, expanding its business and broadband services.
First Niagara Financial Group Inc., down 33 cents at $11.92
A Stifel Nicolaus analyst said the bank is paying a “hefty price” to buy 195 U.S. retail branches of British bank HSBC.
Teva Pharmaceutical Industries Ltd., down $2.88 at $43.76
The Israeli drug maker said its oral multiple sclerosis drug candidate, laquinimod, failed a late-stage clinical trial.