Merck, Imax, Yahoo are big market movers

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


Merck & Co., down 80 cents at $34.13

The drugmaker posted higher second-quarter profit but said it plans to cut 13,000 jobs as the company restructures.

Newell Rubbermaid Inc., up $1.15 at $15.52

The maker of plastic containers, Sharpie pens and other consumer goods said strong sales in Latin America and Asia lifted profit.

Imax Corp., down $1.25 at $18.96

The digital and big-screen movie company posted second-quarter results that were well below what analysts were expecting.

Weyerhaeuser Co., down 6 cents at $19.99

The lumber company’s profit slid as its core wood products business declined. It expects similarly weak results for this quarter.

Amerigroup Corp., down $12.41 at $55

The Medicaid coverage provider’s profit tumbled as expenses rose and it absorbed a $13.8 million premium adjustment in Georgia.


Yahoo Inc., down 40 cents at $13.10

The Web portal, Japan’s Softbank and China’s Alibaba agreed on a compensation plan for the Web payment service Alipay.

Expedia Inc., up $2.70 at $31.69

The travel website operator’s quarterly net income grew as customers made more bookings through the site and ticket prices rose.

Amgen Inc., up $1.27 at $54.70

The biotech drugmaker’s earnings beat expectations, and the company said it should reach the upper end of its 2011 guidance.