BUZZ-U.S. Stocks on the Move-Alco Stores, Doral Financial, Lithia Motors
(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter, link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) U.S. stocks fell on Monday to continue their recent decline, with the S&P 500 dropping to its lowest level since May on global growth concerns. The Dow Jones industrial average was down 0.19 percent at 16,513.34, the S&P 500 was down 0.36 percent at 1,899.18 and the Nasdaq Composite was down 0.28 percent at 4,264.41.
** ALCO STORES INC, $0.5, -69.70 pct
The Texas-based discounter filed for bankruptcy, joining the list of smaller U.S. retailers seeking protection from creditors. The company said it entered into debtor-in-possession credit agreement of $110 million and senior secured-term loan of $12.7 million.
** DORAL FINANCIAL CORP, $6.94, +31.19 pct
A Puerto Rico judge ruled in favor of the Puerto Rican bank in $229 million tax dispute with Puerto Rico Treasury Department
** LITHIA MOTORS INC, $67.16, -16.94 pct Continued...