Citigroup, Walgreen among big movers
NEW YORK --Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and Nasdaq Stock Market:
NYSE
Citigroup Inc., down 75 cents at $18.55
The bank is about halfway done cutting 6,500 jobs, or 10 percent of the 65,000 employees in its investment banking unit, according to a source.
Walgreen Co., down 37 cents at $34.70
Fiscal third-quarter profit rose 2 percent on lower expenses and strong sales at stores open at least one year.
CME Group Inc., up $7.69 at $436.95
The operator of the Chicago Mercantile Exchange and Chicago Board of Trade will buy back $1.1 billion in shares and pay a $5 special dividend.
Allied Waste Industries Inc., down 27 cents at $13.29
Disposal company Republic Services Inc. will pay $6.07 billion for its rival, or $14.04 per share based on Friday's closing price.
Ford Motor Co., down 53 cents at $5.28
Analysts cut their earnings estimates on the automaker, which plans to cut vehicle production and delay the rollout of its F-150.
Corn Products International Inc., up $7.85 at $50.75
Agriculture heavyweight Bunge Ltd. is buying the company for $4.4 billion in stock, combining two of the nation's oldest agricultural businesses.
J.C. Penney Co., up 47 cents at $37.35
An analyst upgraded the retailer to "Buy" from "Hold" and said sales have improved, while the stock price has declined.
National Oilwell Varco Inc., up $7.06 at $91.55
Halliburton Co. will pay $30 million plus royalties to settle a patent dispute with the company's ReedHycalog division. Separately, an analyst upgraded the oil and natural gas services company to "Outperform," from "Perform," saying its business is accelerating. 