BUZZ-U.S. Stocks on the Move-Cyclacel, GT Advanced, Frontline, GrubHub, Crocs

Tue Dec 16, 2014 9:55am 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 opened lower on Tuesday as a further slide in crude oil prices and the Russian rouble sent traders fleeing from risky assets on global economic concerns.

The Dow Jones industrial average was down 0.12 percent at 17,159.62, the S&P 500 was down 0.17 percent at 1,986.24 and the Nasdaq Composite was down 0.31 percent at 4,590.858.

** CYCLACEL PHARMACEUTICALS INC, $0.828, -70.74 pct

The company said an independent data and safety board determined that its lead drug was unlikely to show a statistically significant improvement in survival in some leukemia patients.

** TALISMAN ENERGY INC, $7.531, +47.09 pct

Spanish oil company Repsol said it had reached a deal to buy Talisman, Canada's fifth-largest independent oil producer, for $13 billion. Repsol's offer valued Talisman at $8.00 per share in cash.

Breakingviews article on the deal

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