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Market Update

U.S. Movers: AIG, Chevron, Dell, LinkedIn, Viacom

Author: Bikram Pandey
Last Update: 10:55 AM ET August 02 2013

11:00 AM New York AIG announced quarterly dividend of 10 cents a share. Dell lifted its buyout offer. Chevron reported lower net. LinkedIn surged 10% after quarterly sales rose 59%. Viacom soared 6% after cable network operator expanded stock buyback program.

AIG (AIG) increased 3% after the insurer estimated net income increased 17% to $2.73 billion and announced quarterly dividend of 10 cents a share.

Chevron (CVX) declined 2.5% after the second largest energy company reported a decline in earnings.

Dell Inc (DELL) rose 4.5% after Silver Lake Management LLC and Michael Dell agreed to lift their offer and pay a special dividend of 13 cents a share and offer $13.75 a share.

LinkedIn (LNKD) soared 10% after the professional networking service on Internet said revenues soared 59% in the second quarter.

Viacom Inc (VIA) surged 6% after the cable network operator enlarged its stock-buyback program to $20 billion from $10 billion and the company reported lower than expected fiscal third-quarter earnings as expenses rose faster than higher advertising sales.

Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc