RIM, Nike, BofA, Ford are market movers

[June 30, 2012]  NEW YORK (AP) -- Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

Nike Inc., down $9.11 at $87.78

The athletic shoe company's second-quarter profit dropped 8 percent, and investors worried that the weak global economy would hurt growth.

Bank of America Corp., up 44 cents at $8.18

The bank led gains in shares of big financial companies on investor relief after European leaders agreed to easier bank bailouts.

Ford Motor Co., down 50 cents at $9.59

The automaker predicted a lower second-quarter profit because of growing losses in Europe and other regions outside North America.

Constellation Brands Inc., up $5.30 at $27.06

The wine company secured the right to distribute Corona beer in the U.S. by buying out distributor Crown Imports LLC for $1.85 billion from Grupo Modelo. Modelo is being acquired for $20 billion by Anheuser-Busch InBev.

KB Home, up $1.10 at $9.80

The homebuilder's second-quarter loss shrank as its home deliveries, average selling prices and orders all increased.

Elster Group SE, up 93 cents at $20.30

Britain's Melrose is buying the German maker of electricity, gas and water measurement and control tools for $2.3 billion.

Nasdaq

Research In Motion Ltd., down $1.74 at $7.39

Investors worried about the future of the BlackBerry maker as it delays the launch of critical new phones and cuts 5,000 jobs.

Bed Bath & Beyond Inc., up $2.16 at $61.80

The home furnishings retailer is set to complete its buyout of home decor chain Cost Plus Inc. after a successful tender offer.

[Associated Press]

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