BUZZ-U.S. Stocks on the Move-Tim Hortons, InterMune, Digital Ally

Mon Aug 25, 2014 10:09am EDT
 
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(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for more market insights, including options activity, ; for the Day Ahead newsletter, link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s)

U.S. stocks opened higher on Monday, with the S&P 500 hitting a new intraday record amid corporate merger activity and as hopes grew for more monetary stimulus in European markets. The Dow Jones industrial average was up 0.61 percent at 17,104.8 and the S&P 500 was up 0.57 percent at 1,999.64.

** REGADO BIOSCIENCES INC, $1.3, -54.23 pct

The company's shares lost nearly half of their value in premarket trading, after the company stopped enrollment in a late-stage trial of its lead drug following concerns of allergic reactions.

** BURGER KING WORLDWIDE INC, $31.309, +15.49 pct

** TIM HORTONS INC, $75.67, +20.42 pct

Burger King is in talks to acquire Canadian coffee and doughnut chain Tim Hortons Inc in a deal that would create a fast food powerhouse with a market capitalization of roughly $18 billion.   Continued...