BUZZ-U.S. STOCKS ON THE MOVE-HP, eLong, Viggle, Otonomy, Aeropostale
(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 opened lower on Friday after data showed a stronger-than-expected rise in core inflation in April, suggesting the Federal Reserve would remain on course to hike interest rates later this year. The Dow Jones industrial average was down 0.06 percent at 18,274.29 and the S&P 500 was up 0.01 percent at 2,131.
** HEWLETT-PACKARD CO, $35.57, +5.14 pct
HP will sell a controlling 51 percent stake in its China-based data-networking business to China's Tsinghua Unigroup for at least $2.3 billion, forming a partnership designed to create a Chinese technology powerhouse.
** EXPEDIA INC, $110.85, +4.68 pct
** ELONG INC, $24.5, +18.64 pct
** CTRIP.COM INTERNATIONAL LTD, $80.775, +12.20 pct
Expedia said it sold its entire stake in Chinese online travel company eLong to rival Ctrip.com and others for about $671 million. Continued...