BUZZ-U.S. STOCKS ON THE MOVE-Vince, UTI, Infoblox, BP, Teekay Tankers
(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 in late morning trading on Friday as a mixed August jobs report did little to quell investor anxiety over the timing an interest rate increase. The Dow Jones industrial average was down 1.90 percent at 16,063.43, the S&P 500 was down 1.77 percent at 1,916.55 and the Nasdaq Composite was down 1.31 percent at 4,671.691.
** VINCE HOLDING CORP, $5.51, -40.56 pct
Apparel retailer cut full-year forecast for the second time and posted second-quarter profit below estimates for first time in seven quarters. Lower earnings forecast reflects weak trends in its domestic wholesale and direct-to-consumer channels, Barclays says, slashing PT to $5 from $14.
** UTI WORLDWIDE INC, $5.64, -13.63 pct
The logistics company reported bigger-than-expected second-quarter loss and lower-than-expected revenue, hurt by lower volumes in air and ocean freight forwarding businesses.
** BP PLC, $30.67, -5.37 pct Continued...