BUZZ-U.S. STOCKS ON THE MOVE-Fuelcell, Cooper Cos, Ulta Salon, Avon
(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 higher on Friday after stronger-than-expected U.S. jobs data built the case for the Federal Reserve to raise interest rates this month for the first time in nearly a decade. The Dow Jones industrial average was up 0.95 percent at 17,644.33, the S&P 500 was up 0.79 percent at 2,065.88 and the Nasdaq Composite was up 0.82 percent at 5,078.585.
** KALOBIOS PHARMACEUTICALS INC, $32.82, +11.94 pct
The biopharmaceutical company, which recently appointed controversial head of Turing Pharmaceuticals Martin Shkreli as CEO, said it was acquiring worldwide rights to a compound being developed for the treatment of Chagas disease.
** AVON PRODUCTS INC, $4.38, +9.77 pct
Private equity investors led by Barington Capital have proposed a restructuring of the company, saying the cosmetics maker is "significantly undervalued" and warning against the sale of its North American arm to Cerberus Capital Management.
** FUELCELL ENERGY INC, $7.822, -20.12 pct Continued...