First Acceptance (FAC) plummeted 34.8% to $5.05 after swinging to a fiscal fourth-quarter loss of $23.9 million, or 50 cents a share, from a 30-cent per-share profit last year The stock hit a 52-week low.

Progressive (PGR) said its August income plunged 37.3% year over year to $76.9 million, or 11 cents a share, as the value of premiums written and earned slipped from last year. Shares lost 2%. The stock hit a 52-week low.

Moody's (MCO) shed 0.9% after privately selling $300 million in senior unsecured bonds. Shares closed at $44.38. The stock hit a 52-week low.

Moody's (MCO) shed 0.9% after privately selling $300 million in senior unsecured bonds. Shares closed at $44.38. The stock hit a 52-week low.

National City Corp. (NCC), a Cleveland-based bank that cut 500 employees last month at its mortgage business, announced eight hundred more layoffs. (BusinessWeek) The stock hit a 52-week low.