Sears, Foot Locker, Dell are market movers

Sears, Foot Locker, Dell, OfficeMax, Suntech among big market 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

Foot Locker Inc., up $1.42 at $33.27

Higher sales at its existing stores boosted the sporting goods retailer's net income 61 percent during its third quarter.

The J.M. Smucker Co., down $1.52 at $83.86

The maker of Jif peanut butter said its second-quarter earnings rose 17 percent, but its results still missed expectations.

OfficeMax Inc., up 99 cents at $9.22

Boise Cascade LLC, a wood products company that the office supplies retailer has a stake in, filed for an initial public offering.

Suntech Power Holdings Co. Ltd., down 4 cents at 77 cents

Citing higher production costs and global oversupply, the solar panel company is slowing production at its Goodyear, Ariz., facility.

Schiff Nutrition International Inc., up $9.84 at $43.76

The nutritional supplement maker received a second takeover offer from Reckitt Benckiser. The first offer was from Bayer AG.

Nasdaq

Dell Inc., down 70 cents at $8.86

The personal computer maker posted weak third-quarter results, as more consumers opt to buy smartphones and tablet computers.

Sears Holdings Corp., down $10.99 at $47.49

The retailer said that third-quarter sales in stores open at least one year fell at both its Kmart and Sears stores.

Regeneron Pharmaceuticals Inc., up $15.22 at $157.69

The drug maker said that European officials recommended granting marketing authorization for its colorectal cancer treatment.

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