Friday’s biggest gaining and declining stocks

CHICAGO (MarketWatch) � Shares of the following companies made notable moves in Friday�s U.S. stock market.

Advancers

AsiaInfo-Linkage Inc.�s ASIA �U.S.-listed shares jumped almost 19% after a Chinese-government-owned private equity firm offered to acquire the Beijing telecommunications software firm.

CoreLogic Inc. CLGX �shares gained nearly 5% a day after the data-tracking company projected upbeat 2012 results.

International Business Machines Corp.�s IBM � shares leapt 4.4% a day after the technology-services provider beat fourth-quarter profit expectations and projected 10% earnings growth in 2012.

Microsoft Corp.�s MSFT � shares rose 5.7% a day after the world�s biggest software company reported a second-quarter profit that topped expectations.

Sears Holdings Corp. SHLD �shares rose 13%. Late Thursday, the New York Post reported that CIT Group Inc. CIT � had extended credit to the retailer.

SunTrust Banks Inc.�s STI � shares climbed 5.2% after the regional lender reported fourth-quarter earning that topped expectations.

Talbots Inc.�s TLB � shares advanced 18.6% after CNBC reported Golden Gate Capital Corp. and TPG Capital Partners were mulling offers for the retailer.

Decliners

Capital One Financial Corp.�s COF �shares dropped 5.6% after the bank and credit-card issuer late Thursday reported fourth-quarter earnings below Wall Street�s expectations.

Cogent Communications Group Inc.�s CCOI �shares shed 18.7% after the government closed a site hosted by the Internet-service provider.

Google Inc. GOOG �shares declined 8.4% a day after the online-search giant reported fourth-quarter earnings that came in short of estimates.

Intuitive Surgical Inc. ISRG �fell 6% after the surgical-instrument maker late Thursday said yearly growth in its da Vinci surgical procedures fell to 27% in the fourth quarter from 30% in the prior period.

Parker Hannifin Corp.�s PH � shares lost 4% after the maker of motion-control products reduced its earnings outlook for 2012 below analysts� estimates.

Sonoco Products Co.�s SON �shares sank 5.3% after the packaging maker cut its earnings outlook for the fourth quarter.

Treehouse Foods Inc.�s THS �shares fell nearly 9.7% after the food maker projected 2011 earnings beneath Wall Street�s expectations.