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U.S. Risers/Fallers: LinkedIn, SolarCity, Valeant, Starbucks, KeyCorp, Newell Rubbermaid, AbbVie

Below are the main news driven share price changes at 12:01 p.m. in New York on Friday:
LinkedIn, AbbVie surge; SolarCity plummets


LinkedIn (NYSE:LNKD) surged 11% to $242.08 as a strong recruitment services business and higher advertisements propelled the world's biggest professional online network operator to beat quarterly revenue and profit beat analysts' estimates.

AbbVie (NYSE:ABBV) advanced 11% to $59.85. The drugmaker reported higher quarterly sales and net income and forecast double-digit growth of earnings per share through 2020.

Chevron (NYSE:CVX) fluctuated and was last up 0.9% at $90.70. The oil giant said it could cut 6,000 to 7,000 jobs and pare its capital spending by 25% next year, as profit tumbled in its third quarter.


Solarcity (NASDAQ:SCTY) plunged 25% to $28.58 after the biggest U.S. rooftop solar provider reported a larger-than-expected loss for its third quarter and said it will start focusing on cost cutting next year.

Valeant Pharmaceuticals International (NYSE:VRX) tumbled 9.1% to $101.39 after the Canadian drugmaker said it will cut all ties with pharmacy business Philidor Rx Services in the wake of criticism over the relationship between the two closely associated companies.

Newell Rubbermaid (NYSE:NWL) fell 2% to $42.38. The maker of Rubbermaid containers reported a 9.7% increase in third-quarter earnings amid continued strength in the segment that includes Sharpie markers and Paper Mate pens, and provided 2016 forecast in line with analyst expectations.

KeyCorp (NYSE:KEY) fell 6.7% to $12.48. The Cleveland, Ohio-based bank agreed to buy First Niagara Financial Group (NASDAQ:FNFG) of Buffalo for $4.1bn in the biggest deal this year between two U.S. regional banks.

Starbucks (NASDAQ:SBUX) fell 0.3% to $62.68, erasing an earlier gain. The world’s largest coffee chain issued a disappointing profit guidance for the current quarter, to be dented by the strong U.S. dollar.

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