BUZZ-U.S. Stocks on the Move-RadioShack, Lululemon, Energy Focus, Sprint
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U.S. stocks fell on Thursday, dropping in a broad decline that saw the number of companies hitting 52-week lows outnumber the companies hitting highs for the first time since early August. The Dow Jones industrial average was down 0.14 percent at 17,043.99, the S&P 500 was down 0.10 percent at 1,993.61 and the Nasdaq Composite was down 0.20 percent at 4,577.352.
** RADIOSHACK CORP, $1, +7.41 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, $10.91, -30.11 pct
The Web-based business software provider reported lower-than-expected first-quarter revenue on Wednesday and forecast full-year revenue below estimates. Continued...