-$1.54
33.8%
Shares of Dollar Thrifty Automotive Group Inc. slumped to $3.01. The car rental company asked creditors to amend terms of a lending agreement because of slowing sales and lower used-car prices. Other car rental firms suffered, with Avis Budget Group Inc. declining 15.4 percent, to $5.84.
$4.11
6.9%
ImClone Systems Inc. shares jumped to $63.51. Bristol-Myers Squibb Co. increased its offer to buy the maker of the Erbitux cancer drug to $62 from $60 a share; ImClone Chairman Carl Icahn called the proposal “absurd.”
-$6.69
14.2%
Shares of Zions Bancorp had the biggest percentage drop in the Standard & Poor’s 500 index, sinking to $40.54. The lender in the Western U.S. was downgraded to “hold” from “buy” by Citigroup analysts.
-$5.63
9.4%
National Oilwell Varco Inc. stock tumbled to $54.39. Energy-related companies fell as oil prices had their first drop in a week.
-$1.20
4.6%
Shares of General Electric Co. slid to $24.95. Merrill Lynch & Co. analysts downgraded the giant conglomerate to “neutral” from “buy,” saying GE Capital faces “growing fundamental pressures.”
-$1.04
14.9%
Chico’s FAS Inc. stock had its biggest percentage decline since August 2006, retreating to $5.92. The women’s clothing retailer was cut to “neutral” from “buy” by Piper Jaffray Cos.
