BUZZ-U.S. STOCKS ON THE MOVE-Advaxis, Monsanto, Kona Grill

Wed Mar 2, 2016 12:53pm EST
 
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(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. stock indexes were little changed on Wednesday as gains in energy stocks were offset by declines in utilities and materials. The Dow Jones industrial average was down 0.11 percent at 16,845.96, the S&P 500 was down 0.10 percent at 1,976.44 and the Nasdaq Composite was down 0.30 percent at 4,675.666.

** MONSANTO CO, $85.49, -7.57 pct

The world's largest seed company slashed its earnings forecast for the year, hurt by a strong dollar and low prices for its seeds as farmers curb spending. The company said on Wednesday it now expected adjusted earnings of $4.40-$5.10 per share, compared with the $5.10-$5.60 it had forecast in December.

** CHECKPOINT SYSTEMS INC, $10.17, +28.90 pct

Canadian label and packaging maker CCL Industries Inc said it would buy U.S.-based Checkpoint, which makes anti-theft tags used by retailers, for about $422 million. CCL's offer of $10.15 per share in cash represents a premium of about 29 percent to Checkpoint's Tuesday close.

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