BUZZ-U.S. STOCKS ON THE MOVE-Ocwen, MeadWestvaco, Seagate
(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; 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 Monday after a decisive Greek election victory by the Syriza party spurred concern over fresh instability in the euro zone, though the possibility of Greece leaving the bloc was considered remote. The Dow Jones industrial average was down 0.26 percent at 17,626.86, the S&P 500 was down 0.25 percent at 2,046.72 and the Nasdaq Composite was down 0.23 percent at 4,746.876.
** OCWEN FINANCIAL CORP, $7.11, +11.97 pct
The mortgage servicer reached a $2.5 million settlement with the California Department of Business Oversight, which had threatened to suspend Ocwen's license to operate in the state.
** CHINANET ONLINE HOLDINGS INC, $2.19, +6.83 pct
The Chinese advertising company said it was launching a mobile-based marketing service with Chinese search engine Baidu Inc.
** ROCKWELL MEDICAL INC, $11.88, +9.90 pct Continued...