BUZZ-U.S. STOCKS ON THE MOVE-PepsiCo, AOL, Rite Aid, Advaxis
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U.S. stocks opened flat on Wednesday, a day after the S&P 500 climbed to its highest level of the year and ahead of a meeting of euro zone finance ministers to discuss plans for Greece's debt. The Dow Jones industrial average was down 0.32 percent at 17,811.25, the S&P 500 was down 0.10 percent at 2,066.46 and the Nasdaq Composite was up 0.16 percent at 4,795.19.
** PEPSICO INC, $99.78, +1.83 pct
The beverage maker reported a better-than-expected fourth-quarter profit, driven by a 3 percent rise in revenue at its North American snack business.
** AOL INC, $39.15, -12.67 pct
The digital media company said 2015 revenue will be hurt in the first half of the year by a sales force realignment. The company added that in 2015, it expects revenue for its membership group to decline in the high single digits in percentage terms, while domestic display revenue is expected to decline in the high single digits in first half of the year before rebounding in the second half.