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IBM and CSX are big market movers

Created: 10/20/2014 5:21 PM WNYT.com
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NEW YORK (AP) — Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and the Nasdaq Stock Market:

NYSE

IBM Corp., down $12.95 to $169.10

The technology company's quarterly profit missed expectations and it will pay $1.5 billion to shed its costly chip division.

CSX Corp., down 35 cents to $33.51

Canadian Pacific Railway ended talks with the railroad operator and plans no more discussions about a possible combination.

NCR Corp., down $6.33 to $23.54

The maker of ATMs and self-service checkout machines said third-quarter results will miss forecasts and it cut its outlook for the year, citing a weak market.

Tesoro Corp., up $5.05 to $65.43

The oil company agreed to pay $2.5 billion for a natural-gas pipeline processing business, expanding its pipeline capacity.

Nasdaq

Ebay Inc., up $1.25 to $49.20

Marc Andreessen resigned from the e-commerce company's board following its decision to separate PayPal into a separate company.

NewLink Genetics Corp., up $2.09 to $31.44

The biotechnology company will develop a cancer treatment with Roche, making it eligible for more than $1 billion in payments.

ShoreTel Inc., up $1.11 to $7.62

Mitel made public its offer to buy the business communications technology company for $540 million, after an earlier rejection.

Steven Madden Ltd., down $3.07 to $28.87

The footwear and accessories company reported weaker-than-expected third-quarter revenue and cut its full-year 2014 outlook.

(Copyright 2014 by The Associated Press. All Rights Reserved.)

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