BUZZ-U.S. Stocks on the Move-McDonald's, Delia*s, Cubist Pharma
Dec 8 - (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 opened lower on Monday, with the Dow and S&P 500 edging lower from record closing highs as soft data in China and Japan kindled global growth concerns. The Dow Jones industrial average was down 0.10 percent at 17,941.13, the S&P 500 was down 0.09 percent at 2,073.55 and the Nasdaq Composite was up 0.13 percent at $4,787.64.
** MCDONALD'S CORP, $93.23, -3.20 pct
McDonald's reported a steeper-than-expected fall in global same-restaurant sales in November and said current-quarter results would be hurt by the after-effects of a supplier scandal in China and a stronger dollar.
** MERCK & CO INC, $61.35, -0.23 pct
** CUBIST PHARMACEUTICALS INC, $100.76, +35.50 pct
Merck said on Monday it would buy Cubist for $8.4 billion plus assumption of debt, giving the major drugmaker an entry into the market for drugs that target so-called superbugs.