BUZZ-U.S. STOCKS ON THE MOVE-Global Blood, Axiall, H&R Block
(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) Global growth worries and a sharp drop in oil prices sent jitters through Wall Street, leading the three major U.S. indexes lower for the second straight day on Friday. The Dow Jones industrial average was down 0.45 percent at 17,904.79, the S&P 500 was down 0.65 percent at 2,101.82 and the Nasdaq Composite was down 0.90 percent at 4,914.164.
** GEVO INC, $0.4447, -36.47 pct
The chemical and biofuel maker filed for a common stock offering of an undisclosed size, and intends to use net proceeds from the offering to fund working capital and for other general corporate purposes.
** MARVELL TECHNOLOGY GROUP LTD, $9.789, -4.03 pct
The chipmaker said it would not be able to file its 10-Q for the quarter ended April 30 due to an ongoing internal accounting probe. The company also said it expects net revenue for the first quarter to be substantially lower than a year earlier.
** MYLAN NV, $44.34, -3.10 pct Continued...