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) Wall Street was lower on Monday as a drop in oil prices, lackluster quarterly earnings and an impending Federal Reserve meeting weighed on investor sentiment. The Dow Jones industrial average was down 0.43 percent at 17,926.22, the S&P 500 was down 0.43 percent at 2,082.51 and the Nasdaq Composite was down 0.45 percent at 4,884.231.
** TRIBUNE PUBLISHING CO, $11.51, +53.06 pct
** GANNETT CO, $16.55, +4.95 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, $102.03, -15.92 pct
** VALEANT PHARMACEUTICALS INTERNATIONAL INC, $35.59, -1.08 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, $13.44, +3.38 pct Continued...