BUZZ-U.S. Stocks on the Move-Tim Hortons, Xueda, Adept, Doral, iKang
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U.S. stocks edged higher on Tuesday, with the S&P 500 rising to a fresh record on strong consumer data, but gains were capped as investors found few reasons to make major changes to their portfolios amid a long-running rally. The Dow Jones industrial average was up 0.44 percent at 17,152.4 and the S&P 500 was up 0.35 percent at 2,004.96.
** BURGER KING WORLDWIDE INC, $31.69, -2.19 pct
** TIM HORTONS INC, $81.5, +9.07 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, $30.43, -4.88 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...