BUZZ-U.S. Stocks on the Move-Nike, RadioShack, GlycoMimetics, Under Armour
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U.S. stocks were climbing in the morning trading on Friday, with major indexes bouncing back modestly from their biggest drop since July, after data showed the economy grew at its fastest pace in more than two years.
The Dow Jones industrial average was up 0.38 percent at 17,009.73, the S&P 500 was up 0.24 percent at 1,970.68 and the Nasdaq Composite was up 0.35 percent at 4,482.529.
** JANUS CAPITAL GROUP INC, $14.33, +28.98 pct
Bill Gross, one of the bond market's most renowned investors, is leaving Pimco, the investment firm he founded and with which his name has been effectively synonymous, for rival asset management firm Janus.
The surprise announcement, which rattled the U.S. Treasury market, led to European stocks trimming their gains as shares of German insurer Allianz SE, the parent of Pimco, sank 5 percent. Janus' stock hit a more than four-year high.
Chart on stock movement of Pimco's NYSE-listed funds reut.rs/1pvNJN4
** RADIOSHACK CORP, $1.08, +35.76 pct Continued...