CORRECTED-BUZZ-U.S. STOCKS ON THE MOVE-Chesapeake, Hatteras, Hertz

Mon Apr 11, 2016 11:50am EDT
 
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(Corrects Annaly Capital's stock price in item number 2)

Wall Street was higher on Monday as investors braced for corporate earnings season, with Alcoa set to post first-quarter results after the market closes. The Dow Jones industrial average was up 0.64 percent at 17,689.99, the S&P 500 was up 0.54 percent at 2,058.62 and the Nasdaq Composite was up 0.76 percent at 4,887.365.

** CHESAPEAKE ENERGY CORP, $4.22, +12.23 pct

U.S. natural gas producers said its borrowing limit was reaffirmed at $4 billion, at a time when most oil and gas producers are bracing for steep cuts to their credit lines.

** HATTERAS FINANCIAL CORP $15.68, +9.96 pct

** ANNALY CAPITAL MANAGEMENT INC $10.29, -1.15 pct

Annaly Capital Management will acquire Hatteras Financial Corp for $1.5 bln in cash and stock.   Continued...