BUZZ-U.S. STOCKS ON THE MOVE-Lions Gate Entertainment, Zep, Everyware
(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. stock indexes rose on Wednesday. The Dow Jones industrial average was up 0.46 percent at 17,958.19, the S&P 500 was up 0.38 percent at 2,084.14 and the Nasdaq Composite was up 0.61 percent at 4,940.126.
** ROYAL DUTCH SHELL PLC, $61.69, -5.76 pct
** BP PLC, $41.31, +2.63 pct
Royal Dutch Shell agreed to buy smaller rival BG Group for 47 billion pounds ($70.2 billion) in the first major energy industry merger in more than a decade, closing the gap on market leader U.S. ExxonMobil after a plunge in prices.
Shares of rival BP rose after the news.
** PENTAIR PLC, $61.8, -4.13 pct
The pump and filter maker estimated first-quarter revenue of $1.48 billion and a profit of 65 cents per share, lower than its forecast. The company said its revenue in the quarter ended March 28 was hurt by a stronger dollar and slower-than-expected oil and gas industry shipments. Continued...