Boeing, MGM Mirage, Corning, Avocent, Pepsi Bottling Groupare among big market movers Tuesday

Boeing, MGM Mirage, Corning, Avocent big movers

NEW YORK — The following stocks were among those that moved substantially or traded heavily Tuesday on the New York Stock Exchange:

NYSE:

Boeing Co., up 1 cent at $52.29

The company expects to record a charge of $1 billion in the third quarter due to higher costs to produce 747-8 airplanes.

Pepsi Bottling Group Inc., up 3 cents at $37.34

The company, which is being purchased by PepsiCo Inc., said its profit rose 10 percent on a favorable tax audit settlement.

St. Jude Medical Inc., down $4.84 at $33.40

The medical device maker St. Jude Medical Inc. said it will report lower-than-expected third-quarter profit due mainly to sales.

MGM Mirage, up 59 cents at $12.13

The casino operator will cut prices by 30 percent on condos when already lined up buyers close on deals at its CityCenter development.

Corning Inc., up 69 cents at $15.50

An analyst upgraded the company to “Buy” from “Neutral” on improving demand for liquid crystal display this year and next.

NASDAQ:

NutriSystem Inc., up $2.41 at $17.46

The company said its starter weight-loss program would be available beginning this week at more than 3,200 Wal-Mart stores.

Avocent Corp., up $4.34 at $24.86

Emerson Electric Co. has agreed to buy the company for about $1.2 billion in cash to offer better management of data centers.

Arris Group Inc., down 98 cents at $11.69

An analyst downgraded the communications equipment maker and said lost sales from a key customer could put pressure on profit margins.