BUZZ-U.S. Stocks on the Move-Ford, MicroFinancial, Sophiris, CGG, Range Resources

Mon Dec 15, 2014 1:26pm EST
 
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(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 slid on Monday with investors shunning risk as oil prices tumbled to fresh 5-1/2 year lows.

The Dow Jones industrial average was down 0.28 percent at 17,233.26, the S&P 500 was down 0.22 percent at 1,998.02 and the Nasdaq Composite was down 0.58 percent at 4,626.796.

** SOPHIRIS BIO INC, $0.52, -81.56 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, $10.19, +22.77 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

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