MARKET PULSE-BlackBerry, Biofuel Energy, Zynga, Panasonic, Red Hat

Tue Mar 12, 2013 2:06pm EDT
 
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March 12 (Reuters) - Some U.S. stocks on the move on Tuesday: (For more market insights, including options activity, click on ; for The Day Ahead newsletter link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/faq23t)

WALL STREET SLIPS AFTER SEVEN-DAY RALLY, TECH SHARES FALL

U.S. stocks sagged on Tuesday as investors paused after a seven-session string of gains, sending large-cap technology shares lower.

The Dow Jones industrial average fell 15.12 points, or 0.10 percent. The Standard & Poor's 500 Index slipped 5.18 points, or 0.33 percent. The Nasdaq Composite Index lost 17.00 points, or 0.52 percent.

** LIFE TECHNOLOGIES CORP, $62.82, up 3 pct (1328 ET)

The Wall Street Journal reported on Monday that private equity firm KKR & CO LP is considering teaming up with other private equity firms to bid for the biomedical laboratory equipment maker, citing people familiar with the matter. (r.reuters.com/gyd66t)

Reuters had reported on Jan. 29 that private equity firms KKR, Blackstone Group LP, Bain Capital LLC and TPG Capital LP were interested in buying the company. Last week, Reuters reported that a number of PE firms were exploring a joint offer for Life Technologies.   Continued...