BUZZ-U.S. Stocks on the Move-Coal, gold, silver stocks, Ubiquiti, Tekmira
(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 were trading lower on Monday after China's finance minister indicated the country will not increase stimulus measures and U.S. housing data fell short of expectations.
The Dow Jones industrial average was down 0.42 percent at 17,207.79, the S&P 500 was down 0.73 percent at 1,995.64 and the Nasdaq Composite was down 1.22 percent at 4,524.051.
** CHINANET ONLINE HOLDINGS INC, $3.38, +72.45 pct
The Chinese advertisement company's shares nearly doubled to $3.93, their highest in over three years. The company said on Friday it was in discussion with Taobao, the online shopping site owned by Alibaba Group Holding Ltd, to provide a targeted marketing service.
** SIGMA-ALDRICH CORP, $136.545, +33.38 pct
Drugs and chemicals maker Merck KGaA said it agreed to acquire Sigma-Aldrich for $17 billion, or $140 per share, in cash to boost its Merck Millipore lab supplies business in the biggest takeover in the German group's history.