Wal-Mart, RadioShack, CH Energy are market movers

[February 22, 2012]  NEW YORK (AP) -- Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

Wal-Mart Stores Inc., down $2.41 at $60.07

Even though it attracted more shoppers to its namesake U.S. stores, the retailer reported an almost 15 percent decline in profit.

Anadarko Petroleum Corp., down $2.31 at $85.74

The Texas oil and gas company said its chief executive, who ran the company since 2003, will step down in May for personal reasons.

CH Energy Group Inc., up $7.45 at $66.22

Canadian utility company Fortis Inc. agreed to buy the U.S. utility company in a cash deal that is worth just under $1 billion.

Macy's Inc., up 44 cents at $36.69

The department store chain said strong holiday and online sales helped push its fiscal fourth-quarter net income up 12 percent.

Prestige Brand Holdings Inc., up $2.91 at $16.41

Mexican pharmaceutical company Genomma Lab offered to buy Prestige, which makes Clear Eyes eye drops, for about $834 million.

RadioShack Corp., down 62 cents at $7.26

The consumer electronics retailer's fourth-quarter profit plunged 79 percent because of discounting during the holiday season.

Nasdaq

URS Corp., up $1.94 at $44.85

The San Francisco-based construction company offered $1.25 billion to buy Canadian oil and gas contractor Flint Energy Services.

Weatherford International Ltd., down $2.43 at $15.36

Due to accounting issues, the oilfield services company said that investors should not rely on its previous financial statements.

[Associated Press]

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