BUZZ-U.S. Stocks on the Move-Tim Hortons, Digital Ally, Greif, InterMune
(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) The S&P 500 stock index rose to an intraday record on Monday, topping 2,000 for the first time in a broad rally led by financial and biotechnology stocks. The Dow Jones industrial average was up 0.70 percent at 17,119.52 and the S&P 500 was up 0.67 percent at 2,001.63.
** REGADO BIOSCIENCES INC, $1.13, -60.21 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, $31.63, +16.67 pct
** TIM HORTONS INC, $75.35, +19.91 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.