MARKET PULSE-Deckers, MGIC, Superior Industries, Foster Wheeler

Fri Mar 1, 2013 1:19pm EST
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(For more market insights, including options activity, click on STXNEWS/US; for the Day Ahead newsletter; for The Morning News Call newsletter,

March 1 (Reuters) - Some U.S. stocks on the move on Friday:


U.S. stocks edged higher on Friday as strong economic figures more than offset growth concerns out of China and Europe and as investors shrugged off expected across-the-board U.S. goverment spending cuts. The Dow Jones industrial average added 38.09 points, the S&P 500 gained 3.4 points and the Nasdaq Composite added 7.68 points.

** BEST BUY CO INC, $16.52, up 1 pct (1231 ET)

Best Buy and founder Richard Schulze have ended their talks after Schulze and private equity investors sought three board seats in exchange for taking a minority stake in the company, a source familiar with the matter said on Friday.

The world's largest consumer electronics chain posted quarterly results. Best Buy lost $409 million, or $1.21 per share, in the fourth quarter ended Feb. 2, compared with a loss of $1.82 billion, or $5.17 per share, a year earlier.   Continued...