MARKET PULSE-Hess Corp, Ubiquity Networks, Unilife, Barrick Gold

Fri May 10, 2013 1:05pm EDT
 
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(For more market insights, including options activity, click on STXNEWS/US; for The Day Ahead newsletter link.reuters.com/mex49s; for the Morning News Call newsletter link.reuters.com/faq23t)

May 10 (Reuters) - Some U.S. stocks on the move on Friday:

WALL STREET OPENS FLAT, BUT RESULTS LIFT NASDAQ

U.S. stocks open little changed on Friday but remained on track for a third straight week of gains, while a pair of strong corporate earnings helped the Nasdaq register a small advance. The Dow Jones industrial average was down 12.20 points, or 0.08 percent, at 15,070.42. The Standard & Poor's 500 Index was down 0.05 points, or 0.00 percent, at 1,626.62. The Nasdaq Composite Index was up 7.65 points, or 0.22 percent, at 3,416.82.

** DELL INC, $13.42, up 0.8 pct (1202 ET)

Activist investor Carl Icahn and Southeastern Asset Management Inc, two of Dell's largest shareholders, have proposed an alternative to a $24.4 billion buyout deal led by founder Michael Dell.

Icahn said Friday that he would personally contribute a couple of billion dollars to finance a $5.2 billion bridge loan for his alternative to a $24.4 billion buyout deal led by founder Michael Dell.   Continued...