BUZZ-U.S. STOCKS ON THE MOVE-United Natural Foods, Taser, Signet Jewelers

Mon Feb 29, 2016 10:10am EST
 
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U.S. stock indexes were little changed on Monday as cautious investors assessed China's move to boost its slowing economy and an increase in oil prices raised hopes that the market had bottomed out. The Dow Jones industrial average was down 0.12 percent at 16,620.66, the S&P 500 was down 0.12 percent at 1,945.64 and the Nasdaq Composite was up 0.05 percent at 4,592.73.

** FEDERAL-MOGUL HOLDINGS CORP, $7.62, +53.01 pct

Billionaire Carl Icahn's investment company offered to buy the 18 percent of the auto parts maker that it does not already own for about $213 million. The offer values the company at about $1.2 billion, based on its shares outstanding as on Sept. 30.

** VALEANT PHARMACEUTICALS INTERNATIONAL INC, $73.64, -8.69 pct

The Canadian drugmaker said on Sunday that Chief Executive Michael Pearson would return from medical leave effective immediately, and it postponed the release of fourth-quarter results planned for Monday.   Continued...