MARKET PULSE-Intel, Herbalife, Aetrium, Vince Holding, 500.COM
Nov 22 (Reuters) - U.S. stocks edged higher on Friday in the absence of economic data and ahead of a holiday-shortened week in the United States, a day after the Dow industrials closed above 16,000 for the first time. The Dow Jones industrial average rose 0.12 percent, the S&P 500 0.32 percent and the Nasdaq Composite 0.47 percent.
** INTEL CORP, $24, down 4.8 pct (12:25 p.m. ET)
The world's top chipmaker's shares fell nearly 5 percent after Wall Street came away from its investor meeting craving more evidence that the chipmaker can forge a strong mobile presence to drive up revenue and margins.
** HERBALIFE LTD, $72.43, up 5.8 pct (11:41 a.m ET)
The company's shares rallied nearly 7 percent as investors rejected the latest salvo from hedge fund manager William Ackman, who insisted the company is nothing but a pyramid scheme, even though his short position based on that view has cost up to $500 million. Herbalife, meanwhile, blasted Ackman's ability to pick consumer product stocks, issuing a statement that also noted Ackman's heavy losses in JC Penney Company Inc this year.
** AETRIUM INC, $7.59, up 152 pct (12:25 p.m. ET) Continued...