BUZZ-U.S. STOCKS ON THE MOVE-Broadcom, Avago, Michael Kors, Ceres, GlobeImmune

Wed May 27, 2015 2:21pm EDT
 
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(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 higher in afternoon trading on Wednesday, on track for their best day since mid-May, on reports that Greece would avoid a default.

The Dow Jones industrial average was up 0.69 percent at 18,165.91, the S&P 500 was up 0.85 percent at 2,121.99 and the Nasdaq Composite was up 1.29 percent at 5,097.749.

** BROADCOM CORP, $54.7, +16.58 pct

** AVAGO TECHNOLOGIES, $139.8, +6.47 pct

Chipmaker Broadcom, which has a market value of $28 billion as of Tuesday's close, is in talks to be bought by Avago, the Wall Street Journal reported.

** MICHAEL KORS HOLDINGS LTD, $46.1, -23.91 pct

** COACH INC, $35.28, -3.50 pct   Continued...