BUZZ-U.S. Stocks on the Move-Corinthian, BlackBerry, StemCells
(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for more market insights, including options activity, ; for the Day Ahead newsletter, link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) U.S. stocks opened flat on Thursday, following a four-day rally that took the S&P 500 to record levels, while the latest jobless claims data indicated strengthening of the labor market. The Dow Jones industrial average was down 0.02 percent at 16,903.03 and the S&P 500 was up 0.02 percent at 1,957.31.
** CORINTHIAN COLLEGES INC, $0.3103, -63.49 pct
The for-profit education provider said it may not be able to continue as a going concern after the U.S. Department of Education delayed reimbursements. The department has increased the period in which Corinthian is refunded some disbursements to 21 days from 24-72 hours, Corinthian said in a regulatory filing. (1.usa.gov/1qvpC6z)
** BLACKBERRY LTD, $9.299, +12.17 pct
The Canadian smartphone maker reported a smaller-than-expected quarterly loss on Thursday as the smartphone company's cost cutting and other turnaround efforts started to pay off. Excluding a one-time non-cash accounting gain and certain restructuring charges, the loss was 11 cents per share.
More than 21 million shares changed hands in the first 15 minutes of trading, more than double their 50-day moving average.
** STEMCELLS INC, $1.928, +22.80 pct Continued...