BUZZ-U.S. STOCKS ON THE MOVE-Mela, Vera Bradley, Blount, Braskem

Wed Mar 11, 2015 2:09pm EDT
 
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(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 inched higher on Wednesday, rebounding from the previous day's selloff, but investors continued to focus on when the Federal Reserve would adjust its rate policies. The Dow Jones industrial average was up 0.07 percent at 17,674.75 and the S&P 500 was up 0.02 percent at 2,044.62.

** MELA SCIENCES INC, $3.1093, +49.49 pct

The company moved a step closer to getting insurance coverage for its device used in digital analysis of unusual skin lesions. The company said the American Medical Association added insurance codes to the procedure. The company said the codes will apply to its device MelaFind.

** VERA BRADLEY INC, $15.125, -16.30 pct

The handbag and accessories maker's fourth quarter profit net revenue lagged analysts' estimates and the company said it would close the Indiana manufacturing facility, taking a $1.9 million related charge.

** BRASKEM SA, $7.18, -18.87 pct   Continued...