BUZZ-U.S. STOCKS ON THE MOVE-Chesapeake, Hertz, Seagate
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Wall Street gains were driven by materials stocks on Monday as a weaker dollar boosted commodities, and investors turned their focus to the earnings season. The Dow Jones industrial average was up 0.55 percent at 17,673.18, the S&P 500 was up 0.42 percent at 2,056.11 and the Nasdaq Composite was up 0.54 percent at 4,876.672.
** CHESAPEAKE ENERGY CORP, $4.27, +13.56 pct
The U.S. natural gas producer 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 , $15.76, +10.52 pct
** ANNALY CAPITAL MANAGEMENT INC , $10.33, -0.77 pct
Annaly Capital Management will acquire Hatteras Financial Corp for $1.5 bln in cash and stock. Continued...