AM 720 KDWN
News, Traffic, Weather

Delta and Office Depot are big market movers

KDWN

NEW YORK (AP) — Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market:

NYSE

Delta Air Lines Inc., down $2.11 to $38.82

The airline lowered its outlook for a key passenger revenue figure for the third quarter and increased its fuel expense outlook.

Office Depot Inc., up 16 cents to $5.60

The office supplies company won a $100 million contract from group purchaser Corporate United and reaffirmed its 2014 outlook.

Crescent Point Energy Corp., down $1.01 to $39.80

The oil company reached a $346 million deal to buy oil assets in Saskatchewan and Manitoba from Lightstream Resources Ltd.

Media General Inc., up 30 cents to $15.88

The broadcast television company completed its $83.4 million purchase of WHTM-TV in Harrisburg, Pennsylvania, from Sinclair.

Nasdaq

Apple Inc., down $4.36 to $98.94

The technology company’s competitor, Samsung, introduced a smartphone with a display aimed at quick access to frequently used apps.

Infinity Pharmaceuticals Inc., up $4.81 to $15.73

The drug developer will receive a $275 million payment from AbbVie as part of a deal to develop a treatment for blood cancers.

Wet Seal Inc., down 30 cents to 75 cents

The struggling teen retailer’s CEO and chairwoman resigned and the company lowered its second-quarter forecast.

Clovis Oncology Inc., down $3.30 to $45

The biotechnology company said it is privately placing $200 million in convertible senior notes in part to fund drug development.