CORRECTED-BUZZ-U.S. STOCKS ON THE MOVE-Chesapeake, Hertz, Restaurants Brands (April 11)
(Corrects percentage in share price and the brokerage name to RBC from Royal Bank of Scotland in Restaurant Brands item)
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 0.37 percent at 17,641.26, the S&P 500 was up 0.24 percent at 2,052.43 and the Nasdaq Composite was up 0.30 percent at 4,865.179.
** CHESAPEAKE ENERGY CORP, $4.31, +14.63 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 , $15.79, +10.73 pct
** ANNALY CAPITAL MANAGEMENT INC , $10.365, -0.43 pct
Annaly Capital Management will acquire Hatteras Financial Corp for $1.5 bln in cash and stock. Continued...