BUZZ-U.S. Stocks on the Move-Ibio, DryShips, Covisint, Aerohive Networks
(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 were nearly flat in early afternoon trading on Monday but were off the lows of the session following the S&P 500's break below 1,900 and another key technical support level. The Dow Jones industrial average was down 0.02 percent at 16,540.31, the S&P 500 was down 0.13 percent at 1,903.72 and the Nasdaq Composite was down 0.07 percent at 4,273.36.
** ALCO STORES INC, $0.4502, -72.72 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.
** GT ADVANCED TECHNOLOGIES INC, $0.3926, -51.53 pct
Solar and LED equipment maker said on Friday it would cut 890 jobs and close an Arizona plant expected to make scratch-resistant screens for Apple Inc
GT Advanced filed for Chapter 11 bankruptcy with little warning last week, sending its shares plummeting 90 percent to below $1