BUZZ-U.S. STOCKS ON THE MOVE-You On Demand, Niska Gas, Molycorp
(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 fell on Monday as disappointing reads on consumer spending and the manufacturing sector added to recent concerns that economic data was pointing to slowing conditions. The Dow Jones industrial average was down 0.39 percent at 17,098.77, the S&P 500 was down 0.28 percent at 1,989.4 and the Nasdaq Composite was down 0.68 percent at 4,603.90.
** EXXON MOBIL CORP, $88.12, +0.80 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.
** YOU ON DEMAND HOLDINGS INC, $2.94, +43.41 pct
The Chinese video-on-demand provider said it would show Twentieth Century Fox movies in China after the two companies signed a licensing agreement. Continued...