BUZZ-U.S. Stocks on the Move-Ford, MicroFinancial, Sophiris, Quantum Fuel, Russian ADRs
(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 as initial gains vanished, as did a brief rebound in crude oil prices.
The Dow Jones industrial average was down 0.50 percent at 17,193.88, the S&P 500 was down 0.50 percent at 1,992.4 and the Nasdaq Composite was down 0.74 percent at 4,619.
** SOPHIRIS BIO INC, $0.5815, -79.38 pct
The drug developer said interim data showed that its only pipeline compound did not meet a predetermined threshold for efficacy in treating lower urinary tract symptoms of enlarged prostate.
** MICROFINANCIAL INC, $10.2, +22.89 pct
The company, which specializes in leasing and financing, said it would be acquired by funds managed by Fortress Investment Group for about $147.2 million. Fortress will pay $10.20 per share in cash, a premium of 23 percent to MicroFinancial's Friday close