BUZZ-U.S. STOCKS ON THE MOVE-Targacept, Voltari, gold miners
(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. stock indexes rose on Monday as expectations the Federal Reserve will push any interest rate increases further into the year offset concerns over faltering economic growth spurred by a surprisingly weak jobs report on Friday. The Dow Jones industrial average was up 0.92 percent at 17,926.2, the S&P 500 was up 0.89 percent at 2,085.39 and the Nasdaq Composite was up 0.79 percent at 4,925.728.
** SHANDA GAMES LTD, $6.79, +4.62 pct
The Chinese online game developer said that it had agreed to be taken private by Capitalhold Ltd and its unit Capitalcorp Ltd in a deal valued at $1.9 billion. Capitalhold will pay $3.55 per ordinary share and $7.10 per American depositary share for Shanda.
** CHEETAH MOBILE INC, $20.9, +4.03 pct
The Chinese security software maker has signed an agreement with social and mobile advertising software provider Nanigans Inc. Cheetah Mobile will be exclusive partner of Nanigans in the Greater China region to manage campaigns for advertisers.