BUZZ-U.S. STOCKS ON THE MOVE-Valeant, iDreamSky, FXCM, King Digital
(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 higher on Monday after a 3-week losing skid for the S&P 500, as a recovery in the euro helped reassure U.S. investors who had been concerned about the impact of a robust dollar on the earnings of multinational companies. The Dow Jones industrial average was up 0.96 percent at 17,919.04, the S&P 500 was up 0.83 percent at 2,070.45 and the Nasdaq Composite was up 0.66 percent at 4,903.82.
** VALEANT PHARMACEUTICALS INTERNATIONAL INC, $202.89, +2.77 pct
** SALIX PHARMACEUTICALS INC, $172.67, +1.93 pct
** ENDO INTERNATIONAL PLC, $89.36, +2.32 pct
Valeant Pharmaceuticals said it increased its offer for Salix to $173 per share, hoping to end a bidding war with Endo International for the bowel drug maker.
Endo said it would withdraw its cash-and-stock offer.
** LIFE TIME FITNESS INC, $70.72, +5.24 pct Continued...