BUZZ-U.S. STOCKS ON THE MOVE-Oxigene, Axiall, Sophiris, Global Blood
(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) A sharp drop in oil prices and global growth worries sent jitters through Wall Street, leading the three major U.S. indexes lower for the second straight day in volatile trading on Friday. The Dow Jones industrial average was down 0.93 percent at 17,818.05, the S&P 500 was down 1.14 percent at 2,091.43 and the Nasdaq Composite was down 1.43 percent at 4,887.855.
** INTEL CORP, $32.0793, +0.44 pct
** QUALCOMM INC, $53.735, -2.26 pct
Apple Inc's next iPhone will use modems chips from Intel, replacing those made by Qualcomm in some versions of the new smartphone, Bloomberg reported, citing people familiar with the matter.
** GEVO INC, $0.4472, -36.11 pct
The chemical and biofuel maker said it would offer 21.1 million shares at 45 cents apiece for gross proceeds of $9.5 million. The company will use the net proceeds as working capital and for other general corporate purposes.