$4.11
9.1%
SLM Corp. stock jumped to $49.12. The student-loan company rejected an overture from investors led by J.C. Flowers & Co. to renegotiate their $25.3 billion leveraged buyout agreement.
$2.98
6.3%
Moody’s Corp. stock advanced to $50.37. Shares of the oldest credit-rating firm and McGraw-Hill Cos., owner of Standard & Poor’s, gained on speculation they won’t face penalties for their role in the subprime mortgage crisis. McGraw-Hill added $2.36, to $52.09.
$2.51
5.8%
Shares of EchoStar Communications Corp. rose to $45.98. AT&T Inc. is offering to buy the second-largest U.S. satellite television provider for $55 a share, or $24.6 billion, TheStreet.com reported. Representatives of EchoStar and AT&T declined to comment.
-$2.56
5.1%
Tesoro Corp. stock slid to $47.14. The owner of seven U.S. refineries could be hurt by a decline in West Coast refining margins, according to Friedman, Billings, Ramsey & Co.
$1.09
3.2%
Shares of Wendy’s International Inc. gained to $34.72. The nation’s third-largest hamburger chain got two new groups of bidders as it prepares to move into the second round of its auction, The Wall Street Journal said, citing a person familiar with the situation.
$1.65
28.7%
Shares of China Natural Gas Inc. climbed to $7.40. The company, which operates a natural-gas pipeline in China, said it won government approval for a diversified natural-gas project in Shaanxi province.
