MARKET PULSE- BlackBerry, Taser, Burlington, RE/MAX, Global Payments

Wed Oct 2, 2013 2:41pm EDT
 
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(For more market insights, including options activity, click on ; for the Day Ahead newsletter link.reuters.com/mex49s,for the Morning News Call newsletter, link.reuters.com/nex49s)

Oct 2 (Reuters) - U.S. stocks fell on Wednesday, the second day of a partial U.S. government shutdown, as congressional leaders and President Barack Obama planned to meet in the White House to discuss the budget impasse and raising the U.S. debt limit. The Dow Jones industrial average was down 0.44 percent, the Standard & Poor's 500 Index was down 0.17 percent and the Nasdaq Composite Index was down 0.02 percent.

** BLACKBERRY LTD, $8.03, up 1.4 pct (1:24 p.m. ET)

A report of a possible second expression of interest in the smartphone maker reversed a stock price slide, after the company announced $400 million in pre-tax charges related to cuts announced last month. The Wall Street Journal, citing people familiar with the matter, said BlackBerry has attracted interest from firms including Cerberus Capital Management LP that specialize in distressed investing.

** BURLINGTON STORES INC, $24.38, up 49 pct (02:11 p.m. ET)

Shares of the discount retailer rose as much as 39 percent in their market debut, valuing the Bain Capital-backed company at about $1.69 billion.

** RE/MAX HOLDINGS INC, $27.40, up 24 pct (02:12 p.m. ET)   Continued...