BUZZ-U.S. Stocks on the Move-Cliffs Natural, Tekmira, Mylan, Iamgold
(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 higher on Friday after the September jobs report came in ahead of expectations, though major indexes remained on track for a second straight weekly decline. The Dow Jones industrial average was up 1.05 percent at 16,977.55 and the S&P 500 was up 1.06 percent at 1,966.87.
** RADIOSHACK CORP, Thursday close $0.99
Trading in the shares, which were up about 37 percent before the bell, was halted at 9:15 a.m. ET.
The company reached an agreement with a consortium led by its largest shareholder, Standard General LP, to refinance about $590 million of loans, according to Bloomberg.
Last week, Standard General said it was in talks to improve RadioShack's cash position ahead of the crucial holiday shopping season
** TEKMIRA PHARMACEUTICALS CORP, $26.84, +5.38 pct
The company said it had achieved a $1.5 million development milestone. Maxim raised its price target on the stock to $31 from $23. Continued...