MARKET PULSE-Bank of America, MBIA, Arkansas Best, Tyson Foods

Mon May 6, 2013 12:56pm EDT
 
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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...