BUZZ-U.S. Stocks on the Move-Cliffs, Oplink, Synchronoss, Staples

Wed Nov 19, 2014 11:50am EST
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(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter,; for the Morning News Call newsletter, U.S. stocks fell on Wednesday, following record closing highs on the S&P 500 and Dow in the previous session, ahead of minutes from the most recent Federal Reserve policy meeting. The Dow Jones industrial average was down 0.10 percent at 17,669.74, the S&P 500 was down 0.29 percent at 2,045.86 and the Nasdaq Composite was down 0.63 percent at 4,672.626.

** CLIFFS NATURAL RESOURCES INC, $8.85, -13.32 pct

The miner said it may have to close its Bloom Lake iron ore mine in Quebec, weeks after it revealed that three "big steelmakers" were in talks to invest in the project.

** OPLINK COMMUNICATIONS INC, $24.18, +13.79 pct

Koch Industries subsidiary Koch Optics Inc will buy the optical networking device maker for about $445 million in cash, or $24.25 per share.

The price represents about 14 percent premium to Oplink stock's closing price on Tuesday.