BUZZ-U.S. Stocks on the Move-Tim Hortons, Xueda, Adept, Doral
(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 little changed on Tuesday, with investors finding few reasons to buy after a rally in the previous session that took the S&P 500 index above 2,000 for the first time. The Dow Jones industrial average was up 0.23 percent at 17,116.62 and the S&P 500 was up 0.15 percent at 2,000.99.
** BURGER KING WORLDWIDE INC, $32.8, +1.23 pct
** TIM HORTONS INC, $81.47, +9.03 pct
Burger King agreed to buy Canadian coffee and doughnut chain Tim Hortons in cash and stock to create the third-largest quick service restaurant group with sales of about $23 billion.
** BEST BUY CO INC, $29.95, -6.38 pct
The largest U.S. specialty retailer of consumer electronics reported a 4 percent drop in quarterly revenue due to lower traffic in its stores. Continued...