Hewlett-Packard, Ford, Pilgrim's Pride big movers

NEW YORK - Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and the Nasdaq Stock Market:

NYSE

Mentor Corp., up $14.43 at $30.58

Johnson & Johnson said it would buy the breast-implant maker for $1.07 billion, or $31 a share, to beef up its cosmetics line.

Hewlett-Packard Co., down $1.84 at $33.44

The computer maker said it will cut information-technology costs by about half en route to saving $1 billion a year in IT spending.

Pilgrim's Pride Corp., down 53 cents at 62 cents

The nation's largest chicken producer filed for Chapter 11 bankruptcy protection, hobbled by its debt load and high feed prices.

Ford Motor Co., down 14 cents at $2.55

The struggling U.S. automaker is considering a sale of its Volvo unit as it seeks to raise cash and weather a sales crisis.

UnitedHealth Group Inc., down 89 cents at $20.12

The insurer reiterated its earnings outlook for 2008 and 2009, but sees 2009 revenue at the higher end of its initial forecast.

American International Group Inc., down 36 cents at $1.65

The beleaguered insurer agreed to sell its wealth-management arm, AIG Private Bank, to Aabar Investments of Abu Dhabi.

Morgan Stanley, down $3.40 at $11.35

Financial services firms led a broad stock market decline spurred by poor economic data and worries over holiday spending.

Exxon Mobil Corp., down $5.84 at $74.31

Oil companies' stock fell as crude-oil prices tumbled below $50 a barrel, spurred by reports of weak manufacturing activity.

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