BUZZ-U.S. Stocks on the Move-Tim Hortons, Digital Ally, GrubHub
(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 vaulted above 2,000 for the first time on Monday, with financials and biotechnology stocks lifting the benchmark index to a new record as investors bet on equities as a preferred asset over bonds. The Dow Jones industrial average was up 0.44 percent at 17,076.21 and the S&P 500 was up 0.44 percent at 1,997.2.
** REGADO BIOSCIENCES INC, $1.1407, -59.83 pct
The company lost more than half its market value on Monday after saying it terminated enrollment in a late-stage trial of its lead drug over safety concerns, creating uncertainty over the company's strategy and outlook.
** BURGER KING WORLDWIDE INC, $32.75, +20.80 pct
** TIM HORTONS INC, $75.76, +20.56 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.