-$5.25
18.1%
American International Group Inc. fell to $23.84 for its steepest drop since 1970, according to Global Financial Data. The world’s biggest insurer by assets wrote down more than $11 billion of holdings and said it won’t rule out raising capital.
$0.87
3.8%
Intel Corp., the largest chipmaker, gained to $23.67. The semiconductor-maker rose after Citigroup Inc. analysts said the company’s sales forecast looks “more achievable” because of demand for its Atom processor for inexpensive computers. The Standard & Poor’s 500 Semiconductors & Semiconductor Equipment index added 3 percent.
$0.80
12.9%
Avis Budget Group Inc. surged to $7.02. The third-largest U.S. car-rental company reported second-quarter profit of 15 cents a share, more than the 6-cent average estimate of analysts surveyed by Bloomberg.
$4.96
8.6%
Penn Virginia Corp. climbed to $62.99. The oil and gas explorer reported second-quarter profit of $1 a share before one-time items, exceeding the average analyst estimate by 30 percent, according to Bloomberg data.
-$0.82
23.4%
PMI Group Inc. plunged to $2.68. The second-largest U.S. mortgage insurer posted a fourth-consecutive quarterly loss on surging claims.
-$4.31
12.7%
VeriSign Inc. tumbled to $29.57. The biggest operator of computers that direct Internet traffic reported a $68 million second-quarter loss as the company worked to sell off its less profitable operations.
