McDonald's, Rite Aid, Hot Topic market movers

[March 09, 2012]  NEW YORK (AP) -- Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

McDonald's Corp., down $3.22 at $96.96

The fast food chain said that global sales of stores open at least 13 months came in short of expectations in February.

Anheuser-Busch Inbev, up $2.69 at $69.56

The brewer's fourth-quarter net profit nearly doubled from a year ago on strong growth of its Budweiser and Stella Artois brands.

Rite Aid Corp., up 8 cents at $1.77

The drugstore chain said that February revenue at stores open at least a year climbed 3.1 percent from the same period last year.

Williams-Sonoma Inc., down $2.22 at $35.62

The home goods seller said that its chief financial officer is retiring. A Goldman Sachs analyst said the news was a bit surprising.

American International Group Inc., down $1.14 at $28.31

The government said that it set a price of $29 a share for the $6 billion in common stock it is selling in the insurance company.

Navistar International Corp., down 76 cents at $39.27

The heavy trucks and engines maker posted a widening first-quarter loss due to higher health care costs and a brake supplier issue.

Nasdaq

Hot Topic Inc., up $1.07 at $9.86

The teen retailer turned a fourth-quarter profit, even with 1 percent lower revenue than a year earlier, as it cut spending.

The St. Joe Co., up $1.31 at $17.63

The real estate developer named Thomas Hoyer as its new chief financial officer to replace 16-year company veteran Janna Connolly.

[Associated Press]

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