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Dollars and Sense

Wall Street Movers,06/13: Wendy’s/Arby’s, Timberland, Chico’s

Updated: 2011-06-13T21:40:39Z

Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and Nasdaq Stock Market. Data from the Associated Press:
NYSE
Upticks,downticksUpticks,downticks Wendy’s/Arby’s Group Inc., up 4 cents at $4.56
The fast food restaurant operator is selling a majority stake of its Arby’s brand to a private equity firm group for $130 million.

Timberland Co., up $13.21 at $43.20
VF Corp., owner of the Wrangler, Nautica and The North Face brands, is buying the bootmaker for more than $2.2 billion.

Forest Laboratories Inc., up 62 cents at $38.57
The drugmaker said a fund affiliated with billionaire investor Carl Icahn plans to nominate four directors to Forest’s board.

Genworth Financial Inc., up 14 cents at $10.24
Health insurer Aetna is buying the Medicare supplement business of Genworth Financial for about $290 million.

Carnival Corp., down 53 cents at $35.27
The cruise operator said it expects global conflicts to cost the company an extra 15 cents per share in the second half of 2011.

Under Armour Inc., up $3.85 at $67.97
A Sterne Agee analyst upgraded the sportswear company’s shares, saying that new apparel and footwear offerings will boost growth.

Chico’s FAS Inc., up 45 cents at $13.84
A JPMorgan analyst upgraded the women’s clothing retailer, saying its stores could take a lot of market share from competitors.

Nasdaq
Diodes Inc., down 63 cents at $22.98
A Baird analyst downgraded shares of the semiconductor components maker, saying business in that sector will slow down.

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