General Mills, BofA, Oracle are market movers

[September 22, 2011]  NEW YORK (AP) -- Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

• Alpha Natural Resources Inc., down $4.62 at $22.30
  
  The coal producer said it will ship less coal than estimated as demand in Asia fell and production at some of its mines dropped.

• Walter Energy Inc., down $8.75 at $66.25
  
  The company, which produces coal for the steel industry, cut its expectations for coal production in the second half of the year.

• General Mills Inc., up 95 cents at $38.44
  
  The food company, which makes Cheerios cereal, said its first-quarter profit fell but its adjusted results topped analyst estimates.

• Bank of America Corp., down 52 cents at $6.38
  
  Moody's lowered the bank's debt rating saying it is less likely that the U.S. government would support the lender from failing.

• Hewlett-Packard Co., up $1.51 at $23.98
  
  Citing two unnamed sources, Bloomberg reported that the technology company's board is considering removing CEO Leo Apotheker.

Nasdaq

• Oracle Corp., up $1.19 at $29.54
  
  The software company reported quarterly results that slightly exceeded what Wall Street had been expecting.

• Orexigen Therapeutics Inc., up 72 cents at $2.19
  
  The biopharmaceutical company said it received federal approval to revive its previously abandoned weight loss drug Contrave.

• NuVasive Inc., down $2.56 at $18.65
  
  A federal jury ruled that the medical device maker must pay rival Medtronic $101 million in damages for infringing on its patents.

[Associated Press]

Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.