BUZZ-U.S. STOCKS ON THE MOVE-Virgin America, Ruckus, SunEdison
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U.S. stocks were largely unchanged on Monday in muted trading, with gains in healthcare shares offsetting a fall in consumer stocks. The Dow Jones industrial average was down 0.16 percent at 17,764.6, the S&P 500 was down 0.25 percent at 2,067.65 and the Nasdaq Composite was down 0.34 percent at 4,897.646.
** VIRGIN AMERICA INC, $55.07, +41.57 pct
** ALASKA AIR GROUP INC, $77.71, -5.24 pct
U.S. airline Alaska Air Group said it had agreed to buy Virgin America for $2.6 billion to expand its presence on the U.S. West Coast. Alaska's offer of $57 per share in cash represents a premium of about 47 percent to Virgin's Friday's close.
** TESLA MOTORS INC, $247.48, +4.16 pct
The electric car maker said orders for its new Model 3 electric sedan topped 253,000 in the first 36 hours -- a fast start for the company's first mass-market vehicle, which may not begin to reach customers for another 18 months or more. Continued...