Midday movers: Costco, Kohl's, Vringo

Stocks rise as initial jobless claims remain below 370,000 for another week.

By MSN Money Partner Oct 4, 2012 1:19PM

Image, Wall Street sign copyright Corbis, SuperStock

Numerous retailers reported September same-store sales figures, with a number of discount and specialty-apparel chains topping analysts' estimates and some department stores trailing projections.

Stocks advancing after the reports included Costco (COST), Target (TGT), Gap (GPS) and American Apparel (APP), while decliners included Kohl's (KSS), Ross Stores (ROST) and The Buckle (BKE).

Google (GOOG) said it is expanding its plan to cut jobs from its Motorola Mobility unit and will take $340 million in related charges in Q3.

Facebook (FB) now has 1 billion active users, CEO Mark Zuckerberg announced in a statement on its website.

Among the notable gainers was Vringo (VRNG), which extended yesterday's gains to rise another 20% the day after a federal judge ordered the company and Google to engage in patent litigation settlement talks.

Also higher were shares of CEMEX (CX), which rose nearly 5% after it said that it expects its Q3 net sales to grow about 3% when adjusted for currency fluctuations.

Among the noteworthy losers was NuVasive (NUVA), which fell over 32% following at least seven downgrades of its stock after the company lowered its outlook for Q3.

Also lower was Informatica (INFA), down 26% following downgrades at Oppenheimer and Evercore after the company's Q3 outlook missed expectations.

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