BUZZ-U.S. Stocks on the Move-Corinthian, Markit, Coach, Senomyx

Thu Jun 19, 2014 2:30pm EDT
 
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(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 were little changed on Thursday, after four straight days of gains sent the S&P 500 to a fresh record high, as economic data was not enough to entice investors to push equities higher. The Dow Jones industrial average was down 0.08 percent at 16,893.09 and the S&P 500 was down 0.04 percent at 1,956.24.

** CORINTHIAN COLLEGES INC, $0.306, -64.00 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)

** COACH INC, $35.43, -9.59 pct

The upscale retailer said it would close about 70 stores in North America and that it expected revenue to fall in low double digits in percentage terms in the year ending next June, as it struggles against fast-growing rivals.

** ALDEYRA THERAPEUTICS INC, $7.55, +12.86 pct

Aegis Capital Corp started coverage of the biotechnology company with a "buy" rating. Analysts said Aldeyra has the potential to pursue lead rare skin disorder drug for additional skin-related uses. The company also appointed Stephen Tulipano chief financial officer.   Continued...