Billionaire hedge fund founder Raj Rajaratnam and executives from some of the most prestigious U.S. companies were charged on Friday with the largest hedge fund insider-trading scheme ever.

In a surprise for the IPO market, shares of China Real Estate Information Corp. leaped as much as 20 percent in their first day of trading.

The following stocks were among those that moved substantially or traded heavily Friday on the New York Stock Exchange: NYSE:

Bank of America Corp. said Friday it lost more than $2.2 billion in the third quarter as loan losses kept rising, providing more evidence that consumers are still struggling to pay their bills.

Morningstar Inc., an investment information provider, broke a Nasdaq rule that prohibits members of its board’s audit committee from getting direct or indirect compensation from the firm other than their board pay.

U.S. stocks fell on Friday after disappointing results from General Electric Co and Bank of America Corp demonstrated the road to economic recovery will be bumpy.

Shares of Universal Forest Products Inc. fell Friday after an analyst warned that the lumber and wood packaging producer faces challenges for the rest of the year from “lower construction activity and challenging economic conditions.”

Trading on the floor of the Nasdaq stock market’s Philadelphia Stock Exchange has been halted after technical problems. The exchange, known as Nasdaq OMX PHLX, handles options trading.

Shares of Alliance Data Systems Corp. rose to a 52-week high on Friday after the company said defaults on its private-label credit cards fell and analysts looked favorably on recent trends.

Shares of Scientific Games Corp. fell Friday after an analyst downgraded the stock in part because he believes an Italian lottery joint venture isn’t as lucrative as it first appeared.