News

Macy's, Pall, Orexigen, Owens-Illinois and DuPont are big market movers

NEW YORK, N.Y. – Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market:

NYSE

Macy’s Inc., down $1.60 to $63.73

The retailer reported worse-than-expected first-quarter results citing bad weather and product delays at West Coast ports.

Pall Corp., up $5.27 to $123.89

Medical and industrial products company Danaher is buying the water filtration systems maker for about $13.56 billion.

Owens-Illinois Inc., up $2.19 to $25.98

The beer and wine bottle maker will pay about $2.15 billion in an all-cash deal to buy Mexican glass container supplier Vitro.

Williams Companies Inc., up $3.11 to $53.21

The gas infrastructure company is buying Williams Partners in a $13.8 billion stock deal expected to close in the third quarter.

DuPont, down $5.03 to $69.33

The chemical maker said it won a proxy fight against billionaire investor Nelson Peltz’s Trian Fund Management LP.

Nasdaq

Orexigen Therapeutics Inc., down 91 cents to $5.02

The biotechnology company is in a quarrel with Takeda Pharmaceuticals, its partner on the obesity drug Contrave.

EZchip Semiconductor Ltd., down $4.73 to $14.84

The network processor reported better-than-expected first-quarter results, but gave a disappointing customer-demand update.

Arctic Cat Inc., down $2.56 to $32.51

The snowmobile maker reported better-than-expected fiscal fourth-quarter profit, but its revenue fell short of expectations.