BUZZ-U.S. Stocks on the Move-Dollar General, Sky-Mobi, Fuel Systems
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U.S. stocks opened higher on Monday as the threat of an escalation in Ukraine appeared to lessen and the latest flurry of merger action supported equities. The Dow Jones industrial average was up 0.71 percent at 16,781.93, the S&P 500 was up 0.63 percent at 1,967.4 and the Nasdaq Composite added 24.30 points or 0.54 percent, to 4,489.23.
** DOLLAR GENERAL CORP, $62.57, +8.89 pct
** FAMILY DOLLAR STORES INC, $79.47, +4.48 pct
** DOLLAR TREE INC, $54.52, -1.95 pct
Dollar General offered to buy Family Dollar Stores for $8.95 billion, trumping an offer by Dollar Tree, to strengthen its position as the No. 1 U.S. discount retailer.
Graphic on discount retailers' year-to-date stock movement, (link.reuters.com/juk52w)