BUZZ-U.S. Stocks on the Move-RadioShack, Lululemon, JDS, Sigma
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U.S. stocks opened lower on Thursday following a report showing jobless claims unexpectedly rose in the most recent week, in the latest sign that the labor market continues to struggle. The Dow Jones industrial average was down 0.35 percent at 17,008.31, the S&P 500 was down 0.30 percent at 1,989.73 and the Nasdaq Composite was down 0.36 pct at 4,570.17.
** RADIOSHACK CORP, $0.9979, +7.19 pct
The troubled electronics retailer said it may need to file for bankruptcy if its cash situation worsens, after reporting its tenth straight quarterly loss.
UBS AG along with investment firm Standard General LP, is financing a rescue package for RadioShack, Bloomberg reported, quoting three people with knowledge of the matter.
** E2OPEN INC, $10.5899, -32.16 pct
The Web-based business software provider reported lower-than-expected first-quarter revenue on Wednesday and forecast full-year revenue below estimates. Continued...