MARKET PULSE-BlackBerry, Tri Pointe Homes, Anaren, Velti, Zogenix
(For more market insights, including options activity, click on ; for the Day Ahead newsletter, link.reuters.com/mex49s; for the Morning Call newsletter , click link.reuters.com/sum45t) U.S. stocks edged higher at the open on Monday, after four weeks of gains for the Dow and the S&P 500, ahead of data on factory orders. The Dow Jones industrial average was up 0.27 percent, the S&P 500 was up 0.33 percent, and the Nasdaq Composite was up 0.27 percent.
** BLACKBERRY LTD, $6.90, down 11 pct (10:00 a.m. ET)
The company is abandoning a plan to sell itself and instead will replace its chief executive officer and raise about $1 billion from institutional investors, including its largest shareholder. More than 42 million shares changed hands in the first half hour of trading.
** TRI POINTE HOMES INC, $17.75, up 15 pct (9:59 a.m. ET)
Tri Pointe Homes is buying Weyerhaeuser Co's homebuilding division in a $2.7 billion deal that will give it access to developed land in key markets such as California and Texas and make it one of the largest U.S. homebuilders.
** CANADIAN SOLAR INC, $27.90, up 9 pct (9:59 a.m. ET) Continued...