Dell, Microsoft, Chipotle are big movers
NEW YORK (AP) — Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:
Dell Inc., down 55 cents at $13.40
The Blackstone Group LP said that it is dropping its effort to buy the computer maker, citing slumping personal computer sales.
General Electric Co., down 92 cents at $21.75
The conglomerate's first-quarter earnings rose, but results were held back by worse-than-expected economic conditions in Europe.
Chipotle Mexican Grill Inc., up $37.89 at $366.25
New locations helped fuel sales and pushed the Mexican restaurant chain's first-quarter results above Wall Street expectations.
Wipro Ltd., down 35 cents at $8.13
Shares of the Indian outsourcing company fell even though its quarterly profit rose 17 percent as revenue grew.
International Business Machines Corp., down $17.15 at $190
The technology company said that its first-quarter net income and revenue fell. The results fell short of expectations.
B&G Foods Inc., up $1.96 at $30.07
The food maker's first-quarter net income jumped 17 percent thanks to a rise in sales from its New York Style and Old London brands.
Microsoft Corp., up 97 cents at $29.76
The software company's fiscal third-quarter revenue and net income surged, and it said it is making a line of small touch-screen devices.
Briggs & Stratton Corp., down $1.34 at $20.81
The engine maker's third-quarter net income fell 4 percent due to weak international demand and unfavorable weather conditions.