BUZZ-U.S. Stocks on the Move-Tim Hortons, Xueda, Adept, Doral, iKang

Tue Aug 26, 2014 11:30am EDT
 
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(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 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...