December 4, 2015 / 3:06 PM / 2 years ago

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

The fuel cell maker announced a 1-for-12 reverse stock split, effective Friday, which will reduce the number of authorized shares of common stock to 39.6 million from 475 million.

** FIVE BELOW INC, $30.02, +7.56 pct

Deutsche Bank raised its price target on the teen apparel retailer's stock to $31 from $30 and RBC Capital Markets to $42 from $40 after company reported better-than-expected third-quarter profit and sales.

** GAP INC, $25.64, -1.80 pct

** ZUMIEZ INC, $13.07, -5.97 pct

The sports apparel and accessories makers reported larger-than-expected drop in November same-store sales, hurt by weaker consumer traffic and foreign exchange impact.

** NORFOLK SOUTHERN CORP, $87.05, -6.51 pct

The U.S. railroad operator said its board unanimously rejected Canadian Pacific Railway Ltd's $28.4 billion acquisition proposal, saying the offer undervalued the company and could face regulatory hurdles.

** BARNES & NOBLE INC, $9.66, -19.83 pct

The largest U.S. bookstore chain reported a surprise fall in quarterly comparable store sales, hurt by store closures, lower online sales and weak demand for its Nook tablets.

** COOPER COMPANIES INC, $129.06, -9.14 pct

The medical device maker lowered full-year 2016 and first quarter outlook below Street view after it earned $2/share in fourth-quarter on revenue of $455.5 million, compared with Street estimates of earnings per share of $2.11 and revenue of $474.3 million.

** PORTOLA PHARMACEUTICALS INC, $48.32, -2.15 pct

The drug developer raised its offering size to 3.1 million shares from 2.6 million. Shares priced at $48 per unit, compared with Thursday's close of $49.38.

** ULTA SALON COSMETICS AND FRAGRANCE INC, $178.64, +9.47 pct

The beauty salon operator reported better-than-expected third-quarter same-store sales, helped by increased traffic and transactions growth.

** JPMORGAN CHASE & CO, $66.7, +1.37 pct

A federal appeals court said JPMorgan Chief Executive Jamie Dimon and other bank officials need not face a shareholder lawsuit claiming they did a bad job investigating the 2012 "London Whale" trading scandal that caused $6.2 billion of losses.

** TEVA PHARMACEUTICAL INDUSTRIES LTD, $64.01, +0.76 pct

The drugmaker is in the process of divesting about $1 billion worth of assets to address antitrust concerns over its deal to buy Allergan Plc's generic drugs business, people familiar with the matter said.

Compiled by Manish Parashar in Bengaluru; Editing by Sriraj Kalluvila

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