BUZZ-U.S. STOCKS ON THE MOVE-Teco, JinkoSolar, Meredith, Wayfair
(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 opened sharply higher on Tuesday after weak economic data out of China bolstered hopes of more stimulus measures from the Chinese government. The Dow Jones industrial average was up 1.71 percent at 16,377.8, the S&P 500 was up 1.64 percent at 1,952.77.
** TECO ENERGY INC, $26.04, +23.59 pct
Canadian energy company Emera Inc will acquire U.S. electric and gas utility holding company Teco Energy for $6.44 billion to expand in the United States.
** MEDIA GENERAL INC, $11.23, +0.72 pct
** MEREDITH CORP, $50.22, +9.32 pct
Media General said it would buy diversified media company Meredith for about $2.34 billion to create the third-largest local TV station owner in the United States.