BUZZ-U.S. Stocks on the Move-Caesars, Goodrich, Ivanhoe, Talisman
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U.S. stocks opened lower on Friday, putting the benchmark S&P 500 on track to snap seven straight weeks of gains, after oil prices fell and Chinese data disappointed. The Dow Jones industrial average was down 0.35 percent at 17,534.47, the S&P 500 was down 0.35 percent at 2,028.16 and the Nasdaq Composite 0.23 percent at 4,697.34.
** ADOBE SYSTEMS INC, $74.91, +7.41 pct
The Photoshop maker said it would buy stock photography company Fotolia for $800 million and reported quarterly revenue above market estimates, helped by a 28 percent jump in the number of subscribers to its Creative Cloud suite.
** CAESARS ENTERTAINMENT CORP, $13.21, -11.10 pct
Certain lenders of Caesars Entertainment said the gaming company did not reach an agreement with senior bondholders on the terms of a restructuring plan for its largest unit, Caesars Entertainment Operating Co.