-$2.13
7%
Centex Corp. stock dropped to $28.15. Home builders and mortgage insurers fell after a report showed home prices in the U.S. dropped by a record in the second quarter. KB Home declined $1.67, or 5.5 percent, to $28.52.
-$1.80
5.2%
Shares of Bed Bath & Beyond Inc. slid to $32.83. The nation’s largest home-furnishings retailer was cut to “sell” from “neutral” at Merrill Lynch & Co., which said holiday sales could “disappoint” and the housing slump might reduce sales.
-$3.47
6%
Shares of Lehman Brothers Holdings Inc. sank to $54.28. Lehman, Bear Stearns Cos. and Citigroup Inc. were cut to “neutral” from “buy” by Merrill Lynch & Co. analysts.
$0.48
7%
EarthLink Inc. stock rose to $7.34. The unprofitable dial-up Internet provider expanding into wireless networks plans cut 900 jobs, or about half its workforce, as subscriber losses mount.
-$0.62
8.3%
Shares of Coachmen Industries Inc. declined to $6.86. The maker of recreational vehicles suspended its 3-cents-a-share quarterly dividend, citing a need to conserve funds because of economic conditions.
$0.70
2.2%
Shares of Wendy’s International Inc. advanced to $32.69. The stock rose the most in the Standard & Poor’s 500 after the hamburger chain reached a confidentiality agreement with billionaire investor Nelson Peltz as he considers making an offer for the company.
