<div><p>Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market:</p><p>NYSE:</p><p>American International Group Inc., down $3.62 at $9.48</p><p>An analyst said the insurer's equity may be zero due to risk of continued losses from credit default swaps and assets sold cheaply.</p><p>Emulex Corp., down 76 cents at $8.94</p><p>Broadcom Corp. is dropping its bid for the network gear maker after its board rejected an $11 per share offer as too cheap.</p><p>Merck & Co., down $1.03 at $27.01</p><p>One analyst downgraded the company amid market speculation as to why the pharmaceutical halted a clinical study of cholesterol drug Zetia.</p><p>Saks Inc., down 46 cents at $4.29</p><p>The luxury retailer said its same-store sales fell 4.4 percent in June, which was better than expected because of a designer sale event.</p><p>Sprint Nextel Inc., up 17 cents at $4.46</p><p>The telecom struck a seven-year network operations deal worth up to $5 billion with Swedish company LM Ericsson, transferring 6,000 jobs.</p><p>Validus Holdings Ltd., down 83 cents at $21.77</p><p>The Bermuda-based insurer reached a deal to buy reinsurer IPC Holdings Ltd. after boosting the cash portion of its stock-and-cash bid.</p><p>Target Corp., up $1.13 at $38.39</p><p>Same-store sales dropped a deeper-than-expected 6.2 percent in June, but the discount retailer backed its second-quarter profit guidance.</p><p>NASDAQ:</p><p>YRC Worldwide Inc., up 60 cents at $1.49</p><p>The heavily-indebted trucker said it had reached a tentative deal on concessions with its union and started talks with big debt holders.</p><img src="http://admatch-syndication.mochila.com/images/ad.gif?aid=54578499&bid=informcom" /></div><div id="copyright"><div>

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