Wells Fargo, Gannett, RIM are market movers

[October 18, 2011]  NEW YORK (AP) -- Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

Wells Fargo & Co., down $2.25 at $24.42

The San Francisco-based bank said third-quarter profit jumped 21 percent, but it posted lower-than-expected revenue for the period.

El Paso Corp., up $4.86 at $24.45

Pipeline company Kinder Morgan will buy El Paso in a $20.7 billion deal, creating America's largest natural gas pipeline operator.

Gannett Co. Inc., down 95 cents at $9.99

The publisher of USA Today and 81 other daily newspapers posted a decline in its third-quarter net income as ad revenue fell.

Lowe's Cos. Inc., up 10 cents at $20.89

The home improvement retailer will close 20 underperforming stores and cut 1,950 jobs to focus on more profitable locations.

Nasdaq

Research In Motion Ltd., down $1.57 at $22.40

Despite rumors that he might invest, activist investor Carl Icahn told CNBC that the BlackBerry maker was not on his "radar."

Brigham Exploration Co., up $6.39 at $36.75

Norwegian oil company Statoil ASA said it has agreed to buy the Texas-based oil exploration company for $4.4 billion in cash.

Anadys Pharmaceuticals Inc., up $2.61 at $3.65

Swiss drugmaker Roche Holding AG said it is buying the U.S.-based hepatitis C treatment developer for $230 million.

Sequenom Inc., up 24 cents at $5.56

The genetic testing and research company said that it began selling a prenatal blood test that can detect Down syndrome in a fetus.

[Associated Press]

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