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