McDonald’s, Kohl’s, Yahoo are market movers

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

McDonald’s Corp., down $3.58 at $85.03

The fast food giant said that sales for stores open at least 13 months rose 3.5 percent, lower than what Wall Street expected.

Korn/Ferry International, down $2.33 at $12.66

Shares of the executive staffing agency fell to a new 52-week low Friday despite posting earnings that met expectations.

Kohl’s Corp., down $1.27 at $42.60

The retailer chain told the SEC that it would file its second-quarter earnings late due to errors in some of its accounting.

Corning Inc., down 78 cents at $13.58

Shares of the specialty glass maker fell a day after saying its third-quarter sales of glass for LCD TVS will be lower than expected.

Dendreon Corp., up 52 cents at $11.40

The drug company will cut a quarter of its work force, including its COO, because of weak sales of its prostate cancer therapy.

Carter’s Inc., up 16 cents at $30.25

An analyst raised the children’s clothing company’s rating and price target, saying gross margins will improve as cotton prices drop.


VeriSign Inc., down $4.88 at $29.03

The company’s chief financial officer resigned, dashing recent speculation that the Internet company could be acquired.

Yahoo Inc., up 4 cents at $14.48

The Web company hired banks to help improve the struggling business, CNBC reported. Yahoo fired CEO Carol Bartz earlier this week.