BUZZ-U.S. STOCKS ON THE MOVE-Staples, Box, Celator, Local Corp
(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) Wall Street opened lower on Wednesday after a setback in Greece's debt talks even as data showed that the U.S. economy's first-quarter contraction was smaller than earlier thought. Dow Jones industrial average futures were down 0.37 percent at 18,000, S&P 500 futures were down 0.15 percent at 2,113.25 and Nasdaq 100 futures were down 0.06 percent at 5,156.91.
** TRANSITION THERAPEUTICS INC, $2.61, -71.29 pct
The drug developer said a mid-stage study of its experimental neuropshychiatric drug, ELND005, did not meet the main goal of significant reduction in agitation and aggression.
** STAPLES INC, $16.02, -2.91 pct
** OFFICE DEPOT INC, $8.9, -2.31 pct
Staples' $6.3-billion acquisition of Office Depot less likely after a Federal judge blocked food service distributor Sysco Corp's deal to buy US Foods Inc, NY Post reported.