CBS, Orbitz, Transocean are market movers

CBS, Orbitz, Transocean, V.F. Corp. are big movers Friday

Associated Press

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

NYSE

CBS Corp., up $1.70 at $44.64

The media company said that revenue and earnings grew modestly in the fourth quarter, helped by the presidential election.

Herbalife Ltd., up 47 cents at $38.74

A regulatory filing showed that billionaire investor Carl Icahn holds a 12.98 percent stake in the nutritional supplement company.

Transocean Ltd., down $3.04 at $56.26

A Deutsche Bank analyst cut his rating on the oil drilling company to "Sell," partly because of rising costs and increasing downtime.

Orbitz Worldwide Inc., up 18 cents at $3.33

The online travel company's fourth-quarter revenue exceeded expectations, and there were signs its hotel business was improving.

V.F. Corp., up $5.07 at $157.88

The clothing company, whose brands include Wrangler and Nautica, said fiscal fourth-quarter net income rose 30 percent.

Agilent Technologies Inc., down $2.33 at $42.25

The maker of medical electronic measurement and diagnostic machines cut its net income and sales outlook saying demand is volatile.

Nasdaq

IPG Photonics Corp., down $6.72 at $62.76

The maker of lasers used to process industrial materials posted higher fourth-quarter profit, but analysts expected stronger growth.

Brocade Communications Systems Inc., down 14 cents at $5.86

The networking technology company reported a loss in its fiscal first quarter because of a $78 million charge related to tax laws.

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