MARKET PULSE-Omthera, Auto stocks, Valeant, CapLease, Tesla

Tue May 28, 2013 1:11pm EDT
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May 28 (Reuters) - Some U.S. stocks on the move on Tuesday:


U.S. stocks rallied more than 1 percent after investors were reassured that central banks will continue policies designed to promote global growth.

The Dow Jones industrial average was up 176.71 points, or 1.15 percent. The Standard & Poor's 500 Index was up 18.40 points, or 1.12 percent, and the Nasdaq Composite Index was up 44.30 points, or 1.28 percent.

** OMTHERA PHARMACEUTICALS, $13.39, up 97.78 pct (1204 ET)

AstraZeneca will buy Omthera for as much as $443 million to build up its cardiovascular drug business, a priority area for Britain's second-biggest drugmaker. AstraZeneca said on Tuesday it would buy Omthera for $12.70 per share.   Continued...