MARKET PULSE-Bank of America, MBIA, Arkansas Best, Tyson Foods
May 6 (Reuters) - Some U.S. stocks on the move on Monday:
WALL ST FLAT BUT INDEXES NEAR RECORDS
U.S. stocks were little changed, pausing after a rally that pushed the Dow and S&P 500 to record highs last week on improving earnings and reassuring signs about the economy.
The Dow Jones industrial average was down 0.18 percent, while the Standard & Poor's 500 Index was up 0.03 percent and the Nasdaq Composite Index <.IXIC. was up 0.18 percent.
** MBIA INC, $14.10, up 43.4 pct (1230 ET)
** BANK OF AMERICA CORP, $12.74, up 4 pct (1230 ET)
Bond insurer MBIA and Bank of America have reached a settlement in their ongoing legal disputes, and BofA will pay MBIA $1.6 billion in cash, a source familiar with the matter said. Last week, a New York state judge ruled MBIA could pursue a case against Bank of America over toxic mortgage-backed securities. Continued...