MARKET PULSE- Facebook, AMD, Coronado Biosciences, Whirlpool, Teva
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U.S. stocks were down on Monday on disappointment from investors that weekend talks did not resolve an impasse that threatens a possible U.S. default that looms three days away.
The Dow Jones industrial average was down 0.46 percent. The Standard & Poor's 500 Index was down 0.43 percent while the Nasdaq Composite Index was down 0.28 percent.
** FACEBOOK INC, $48.28, down 1.7 pct (9:31 a.m. ET)
The social networking company will buy Israel's Onavo, which makes data compression software and smartphone applications, the Israeli firm said on its website, without giving any details of the deal. Facebook is paying between $150 million and $200 million, the Calcalist financial news website reported, making it the social media company's biggest acquisition in Israel.
** NETFLIX INC, $309.35, up 2.8 pct (9:31 a.m. ET)
The company is in talks with several U.S. cable television companies including Comcast Corp and Suddenlink Communications to make its streaming video service available through their set-top boxes, the Wall Street Journal reported on Sunday, citing people familiar with the matter. Continued...