BUZZ-U.S. STOCKS ON THE MOVE-Tribune, Perrigo, Xerox, Parnell, Knowles
(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. stocks opened lower on Monday as corporate earnings continued to underwhelm and investors stayed away from risky assets a day before the start of the Federal Reserve's two-day policy meeting. The Dow Jones industrial average was down 0.34 percent at 17,943, the S&P 500 was down 0.31 percent at 2,085.18 and the Nasdaq Composite was down 0.28 percent at 4,892.693.
** TRIBUNE PUBLISHING CO, $11.74, +56.12 pct
** GANNETT CO, $16.44, +4.25 pct
The Company is to be bought by Gannett, the publisher of USA Today, for $815 million, including the assumption of debt.
** PERRIGO CO PLC, $102.84, -15.25 pct
** VALEANT PHARMACEUTICALS INTERNATIONAL INC, $36.41, +1.20 pct
Perrigo lowers full year 2016 adjused profit forecast to $8.20-$8.60, from $9.50-$9.80. Valeant Pharmaceuticals International Inc names Perrigo's CEO, Papa, as its new CEO; Papa expected to join the company by early May. Perrigo also says it has identified indicators of impairment related to its Branded Consumer Healthcare business.
** FIRST DATA CORP, $13.41, +3.15 pct Continued...