BUZZ-U.S. STOCKS ON THE MOVE-Morgan Stanley, Weight Watchers, Hasbro
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U.S. stocks opened lower on Monday after a swathe of weak results led by Morgan Stanley and Halliburton. Dow Jones industrial average futures were down 0.13 percent at 17,092, S&P 500 futures were down 0.19 percent at 2,021.75 and Nasdaq 100 futures were down 0.01 percent at 4,434.25.
** MORGAN STANLEY, $32.14, -5.33 pct
The Wall Street bank's profit slumped for the second straight quarter as investors fled the bond, currency and commodity markets amid uncertainty about the timing of a U.S. interest rate hike and concerns about China's cooling economy.
** MICROSEMI CORP, $36.31, -2.81 pct
** PMC-SIERRA INC, $11.7013, +14.27 pct
Microsemi offered to buy PMC-Sierra in deal valued at about $2.2 billion, trumping Skyworks Solutions Inc's offer of $2 billion. Continued...