BUZZ-U.S. Stocks on the Move-McDonald's, oil stocks, Sony, Taser
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 were little changed on Monday, as investors weighed the strength of the U.S. economy against global growth concerns following soft data out of China and Japan, while biotechs rose on merger activity. The Dow Jones industrial average was down 0.35 percent at 17,895.29 and the S&P 500 was down 0.43 percent at 2,066.47.
** MCDONALD'S CORP, $92.71, -3.74 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, $61.47, -0.03 pct
** CUBIST PHARMACEUTICALS INC, $100.74, +35.48 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.