BUZZ-U.S. Stocks on the Move-Citigroup, Harmonic, Progenics, Kandi

Mon Jul 14, 2014 2:39pm 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,; for the Morning News Call newsletter, U.S. stock indexes rose on Monday, sparked by the latest flurry of merger activity and earnings from Citigroup, putting the S&P 500 on pace to climb for a second straight session. The Dow Jones industrial average was up 0.70 percent at 17,061.59, the S&P 500 was up 0.50 percent at 1,977.39 and the Nasdaq Composite was up 0.68 percent at 4,445.67.

** CITIGROUP INC,$48.43, +3.04 pct

The company said it agreed to pay $7 billion to settle a U.S. government investigation into mortgage-backed securities the bank sold in the run-up to the 2008 financial crisis.

Citigroup on Monday also reported a stronger-than expected adjusted quarterly profit as its fixed-income business performed ahead of forecasts, taking the sting out of the settlement. However, its quarterly profit fell 96 percent.


The online professional network operator said it would buy NAPW Inc, the owner of National Association of Professional Women, for $3.5 million in cash and the issuance of 6.3 million shares to sole shareholder of NAPW.

** MYLAN INC, $51.065, +1.72 pct   Continued...