BUZZ-U.S. STOCKS ON THE MOVE-Ocwen Financial, AOL, Pain Therapeutics
(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 fell on Tuesday amid a global bond sell-off and lingering concerns that debt-burdened Greece could run out of cash. The Dow Jones industrial average was down 0.80 percent at 17,961.1, the S&P 500 was down 0.78 percent at 2,088.99 and the Nasdaq Composite was down 1.03 percent at 4,942.246.
** AOL INC, $50.25, +17.99 pct
** VERIZON COMMUNICATIONS INC, $49.56, -0.48 pct
Verizon said it would buy AOL in a $4.4 billion deal that gives the biggest U.S. wireless carrier access to AOL's successful digital advertising service and content including the Huffington Post news website.
** PALL CORP, $117.27, +18.08 pct
The water and air filter maker is in the final stages of an auction that could value the company at more than $10 billion, the Wall Street Journal reported on Monday.