BUZZ-U.S. STOCKS ON THE MOVE-Charter Communications, Cleantech, Pioneer Energy
(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 declined on Tuesday in a retreat from the previous session's sharp rally, but major indexes remained on track for first-quarter gains and the S&P 500 was set for its ninth straight quarterly rise. The Dow Jones industrial average was down 0.54 percent at 17,878.52, the S&P 500 was down 0.41 percent at 2,077.75 and the Nasdaq Composite was down 0.45 percent at 4,925.
** CHARTER COMMUNICATIONS INC, $195.64, +6.68 pct
** LIBERTY BROADBAND CORP, $57.26, +6.63 pct
John Malone-backed Charter said it would buy Bright House Networks in a $10.4 billion deal as it expands its cable network after losing out to Comcast Corp in a fight for Time Warner Cable Inc. The deal will make Charter, in which Malone-controlled Liberty Broadband is the biggest shareholder, the No. 2 U.S. cable TV provider.
** CLEANTECH SOLUTIONS INTERNATIONAL INC, $3.04, -11.88 pct
The Chinese solar components maker said its fourth-quarter revenue fell 9.9 percent due to lower sales of forged products to non-wind customers and dyeing and finishing equipment customers. The company also reported a loss compared with a profit a year earlier.