BUZZ-U.S. STOCKS ON THE MOVE-P&G, Bellerophon, Microvision, oil stocks
(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 rose on Monday, with the benchmark S&P 500 rebounding after three weeks of losses, as a stronger euro against the U.S. dollar reassured investors who had worried over the impact of a robust dollar on mutinationals' earnings. The Dow Jones industrial average was up 1.05 percent at 17,936.13, the S&P 500 was up 1.01 percent at 2,074.12 and the Nasdaq Composite was up 0.87 percent at 4,914.13.
** VALEANT PHARMACEUTICALS INTERNATIONAL INC, $201.28, +1.95 pct
** SALIX PHARMACEUTICALS INC, $172.74, +1.97 pct
** ENDO INTERNATIONAL PLC, $89.947, +3.00 pct
Valeant Pharmaceuticals increased its takeover offer for Salix to $10.96 billion in cash, bumping out Endo, the only other bidder for the maker of gastrointestinal drugs.
** PROCTER & GAMBLE CO, $83.49, +2.03 pct
The beauty and personal products maker is exploring a sale or initial public offering of some of its beauty brands in a single deal, Bloomberg reported, citing people with knowledge of the matter. Continued...