BUZZ-U.S. STOCKS ON THE MOVE-Exxon, Ardelyx, Highway Holdings
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U.S. stocks opened slightly higher on Monday, following sharp weekly declines on major indexes, led by stocks in the energy sector as U.S. crude futures prices rose. The Dow Jones industrial average was down 0.10 percent at 17,147.64, the S&P 500 was down 0.09 percent at 1,993.29 and the Nasdaq Composite was down 0.15 percent at 4,628.16.
** EXXON MOBIL CORP, $88.44, +1.17 pct
The world's largest publicly traded oil company said its quarterly profit fell 21 percent as weak oil prices took a toll, but results topped Wall Street expectations due to tax benefits and a favorable arbitration ruling.
Exxon also said it will reduce its share buyback program in the first quarter by more than half to $1 billion.
** RADIOSHACK CORP, $0.2301, -16.96 pct
Hedge fund Standard General LP is in talks to serve as the lead bidder at a bankruptcy auction for the struggling consumer electronics retailer, the Wall Street Journal reported on Sunday, citing people familiar with the matter. Continued...