Talbots, JetBlue are big market movers

[December 08, 2011]  NEW YORK (AP) -- Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

Martha Stewart Living Omnimedia Inc., up $1.04 at $4.16

Department store operator J.C. Penney Co. is buying a minority stake in the media and merchandising company for $38.5 million.

The Men's Wearhouse Inc., up $5.32 at $32.51

The men's retailer said its profit grew 58 percent in the fiscal third quarter as it raised prices and filled bigger orders.

The Talbots Inc., up $1.09 at $2.65

Private-equity firm Sycamore Partners offered to buy the women's clothing chain for $3 per share in a deal worth about $205.2 million.

Summit Hotel Properties Inc., down 44 cents at $9.25

A KeyBanc analyst downgraded shares of the real estate investment trust and lowered his earnings expectations for next year.

Gol Linhas Aereas Inteligentes, up 42 cents at $8.78

The Brazilian airline said that it had agreed to sell a minority stake in the company to Delta Air Lines for $100 million.

Nasdaq

JetBlue Airways Corp., up 24 cents at $4.95

The airline is adding three daily flights between Boston and Dallas/Forth Worth, Texas in May, its first time servicing the area.

Vera Bradley Inc., down 81 cents at $36.35

The handbag company said its third-quarter net income rose sharply, but its outlook was on the low end of what analysts expected.

Liquidity Services Inc., up $1.07 at $38.04

The online exchange company's fourth-quarter profit fell, but it set its 2012 earnings forecast at the high end of expectations.

[Associated Press]

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