BUZZ-U.S. Stocks on the Move-RadioShack, Lululemon, Energy Focus, Sprint

Thu Sep 11, 2014 12:28pm 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 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...