Pepsico, Six Flags, Taleo are market movers

[February 10, 2012]  NEW YORK (AP) -- Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

Pepsico Inc., down $2.47 at $64.27

The maker of Pepsi soda and Doritos chips plans to cut 8,700 jobs to offset high commodity costs and increase advertising spending.

Philip Morris International Inc., up $2.18 at $80.06

The maker of Marlboro cigarettes said its fourth-quarter net income grew 8 percent as it commanded higher prices for its brands.

Six Flags Entertainment Corp., up $3.35 at $47.24

The amusement park operator said that it will raise its quarterly cash dividend to 60 cents per share from 6 cents per share.

Nasdaq

Diamond Foods Inc., down $13.53 at $23.13

The maker of Emerald Nuts and Pop Secret popcorn said it replaced its two top executives for their role in a payment scandal.

Taleo Corp., up $6.70 at $45.64

Business software maker Oracle Corp. said it will buy the company, which helps businesses manage their employees, for $1.9 billion.

Whole Foods Market Inc., up $4.09 at $82.02

The natural and organic grocery store's fiscal first-quarter revenue and net income rose, topping analysts' expectations.

Electronic Arts Inc., down 37 cents at $17.87

The video game publisher's chief financial officer is leaving the company to work at video conferencing equipment maker Polycom Inc.

iRobot Corp., down $13.13 at $25.17

The maker of the Roomba vacuum cleaning robot and other robots posted a 2012 outlook that was well below analysts' expectations.

[Associated Press]

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