$8.98 16.6% Shares of Nuveen Investments Inc. jumped to $63.14. The Chicago-based firm agreed to be acquired by Madison Dearborn Partners LLC for $5.75 billion in the biggest leveraged buyout in the asset-management industry.
-$3.54 9% Littelfuse Inc. stock sank to $35.74 a day after the Des Plaines-based maker of circuit protectors cut its second-quarter and full-year sales and earnings forecasts because of decreased demand from telecom customers.
-$5.90 6.8% MGM Mirage stock dropped to $80.60. Billionaire investor Kirk Kerkorian abandoned efforts to buy two of MGM Mirage’s Las Vegas casino complexes after the company disclosed plans to build another resort in the city.
-$1.24 5.5% Shares of Western Union Co. fell to $21.21. A venture involving Verizon Wireless that will let customers use their phones to shop and transfer money could hurt Western Union, a UBS AG analyst said.
-$3.02 3.5% Shares of Exxon Mobil Corp. slumped to $82.82. Energy stocks dropped after the price of crude oil declined 1.3 percent following an Energy Department report showing U.S. oil and gasoline stockpiles increased. Chevron Corp. retreated $2.32, to $80.97.
-$3.41 7.3% Shares of Darden Restaurants Inc. sagged to $43.44. The owner of Olive Garden and Red Lobster reported fourth-quarter earnings that missed estimates by 3 cents a share.
