BUZZ-U.S. STOCKS ON THE MOVE-Advaxis, Avon, Sterling Construction
(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 1.01 percent at 17,927.97, the S&P 500 was up 0.98 percent at 2,073.5 and the Nasdaq Composite was up 0.89 percent at 4,915.30.
** VALEANT PHARMACEUTICALS INTERNATIONAL INC, $201.51, +2.07 pct
** SALIX PHARMACEUTICALS INC, $172.725, +1.96 pct
** ENDO INTERNATIONAL PLC, $89.5, +2.48 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.
Breakingviews-Valeant's $11 bln bid may have scored two knockouts
** PROCTER & GAMBLE CO, $83.38, +1.89 pct Continued...