BUZZ-U.S. STOCKS ON THE MOVE-AK Steel, LendingTree, Kinder Morgan
(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 were lower in trading on Monday ahead of this week's Federal Reserve policy meeting and as Apple shares fell a day before it reports quarterly results. The Dow Jones industrial average was down 0.18 percent at 17,614.56, the S&P 500 was down 0.28 percent at 2,069.34 and the Nasdaq Composite was up 0.02 percent at 5,033.086.
** VALEANT PHARMACEUTICALS INTERNATIONAL INC, $115.34, -0.71 pct
The Canadian drugmaker laid out a detailed defense of its relationship with a little-known specialty pharmacy, but its arguments failed to calm all investors' concerns.
Toronto-listed stock down 1.74 pct at C$150.41.
TAKE A LOOK-Valeant's rough week in the markets
** KINDER MORGAN INC, $28.045, -4.05 pct
The pipeline operator commenced an underwritten convertible offering scheduled to price after markets close. Continued...