CORRECTED-BUZZ-U.S. Stocks on the Move-McDonald's, Taser, ClubCorp, Celgene
(Removes item on Canadian Solar, which was based on an erroneous report. The error also appeared in previous versions of U.S. Stocks on the move)
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 dipped on Monday, after soft data in China and Japan raised global growth concerns, while a further drop in oil prices weighed on energy shares. The Dow Jones industrial average was down 0.05 percent at 17,949.84, the S&P 500 was down 0.04 percent at 2,074.5 and the Nasdaq Composite was up 0.13 percent at $4,787.06.
** MCDONALD'S CORP, $92.86, -3.58 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, $61.48, -0.02 pct
** CUBIST PHARMACEUTICALS INC, $100.69, +35.41 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. Continued...