Macy’s, Wendy’s, SAIC are market movers

NEW YORK (AP) ? Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market:


Bank of New York Mellon Corp., down 4 cents at $20.63

CEO and chairman Robert Kelly unexpectedly resigned because of differences with the board over how to manage the bank.

Macy’s Inc., up 54 cents at $26.49

The department store chain said a revenue figure rose 5 percent last month even with many stores closed due to Hurricane Irene.

Wendy’s Co., up 8 cents at $4.95

The hamburger chain named a former Wendy’s executive, Emil Brolick, its new CEO. He is the COO of fast-food giant Yum Brands.

SAIC Inc., down $2.03 at $12.97

The defense contractor’s forecast for the year fell short of analyst expectations. Tight government budgets are hurting business.

Greif Inc., down $5.74 at $50.12

The packaging maker said higher costs for materials and a higher tax rate ate into its quarterly profit, despite growing revenue.

Pier 1 Imports Inc., up 37 cents at $11.05

The home decor store chain said it expects results in the June-August quarter that would top Wall Street’s expectations.


Ciena Corp., up $2.47 at $14.71

The network equipment maker reported a narrowed loss for the latest quarter. Revenue grew and it reined in costs.

Brightpoint Inc., up 17 cents at $9.70

A Citi analyst upgraded the cell phone distributor saying it could be a winner if the AT&T-T-Mobile deal collapses.