Yahoo, United Rentals, JetBlue are market movers

[October 20, 2011]  NEW YORK (AP) -- Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

Abbott Laboratories, up 81 cents at $53.25

The maker of drugs, medical implants and baby formula will spin off its branded drug business and become two separate companies.

Agnico-Eagle Mines Ltd., down $10.59 at $46.51

The Toronto-based miner halted operation at a gold mine in Quebec due to structural failures that could endanger its crews.

United Rentals Inc., up $2.16 at $23.22

The equipment-rental company's profit nearly tripled to $65 million in the third quarter as its rental revenue rose 19 percent.

Nasdaq

Yahoo Inc., up 47 cents at $15.94

Despite releasing lackluster earnings, shares of the internet search company rose on hopes that the company will sell itself.

Apollo Group Inc., up $3.41 at $46.74

The for-profit education company said that its fiscal fourth-quarter profit more than quadrupled compared to last year's results.

JetBlue Airways Corp., down 31 cents at $4.32

The New York-based airline said that its chief financial officer resigned and that they are looking for a permanent replacement.

Whole Foods Market Inc., up $1.79 at $71.02

A Jefferies analyst upgraded shares of the organic grocer to "Buy," saying the company could see higher earnings than expected.

Coldwater Creek Inc., down 18 cents at 93 cents

The women's apparel maker said that it expects about $21.1 million in net proceeds from a public offering of 26.5 million shares.

[Associated Press]

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