- The Washington Times - Tuesday, March 17, 2009

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

NYSE

Nokia Corp., up 13 cents at $11.48 The world’s top mobile phone maker will lay off 1,700 people worldwide to cut costs, as the global economic downturn hurts demand.

Alcoa Inc., down 53 cents at $5.59

To reduce expenses and raise cash, the nation’s largest aluminum company slashed its dividend by 82 percent to 3 cents.

Weyerhaeuser Co., up $1.78 at $26.71

In response to depressed lumber demand from the housing downturn, the forest products company closed mills in Oklahoma and Oregon.

Nucor Corp., down $3.40 at $33.55

The steel manufacturer now expects a first-quarter loss rather than the profit it previously forecast, due to eroding demand.

New York & Co., up 23 cents at $2.65

While the clothing retailer will likely post a 2009 loss, an analyst says trendy clothes and restructuring make it a good buy.

Sunstone Hotel Investors Inc., up 28 cents at $2.78

Revenue per available room, a key hotelier performance gauge, sank in the quarter-to-date versus the year-ago period.

NASDAQ

Champion Industries Inc., down 63 cents at $1.40

The printer and office-furniture seller cited bad weather that closed key markets and the recession for its quarterly loss.

Poniard Pharmaceuticals Inc., down 23 cents at $1.64

Its independent accounting firm has doubts the development-stage company has enough funding to continue operations.

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