BUZZ-U.S. STOCKS ON THE MOVE-Hershey, HarborOne, Five Star Quality
(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) Wall Street rose in afternoon trading on Thursday after Bank of England Governor Mark Carney raised the prospect of an interest rate cut following Britain's vote to leave the European Union. The Dow Jones Industrial Average was up 1.06 percent at 17,882.12, the S&P 500 was up 1.00 percent at 2,091.47 and the Nasdaq Composite was up 0.88 percent at 4,821.231.
** HERSHEY CO, $111.86, +15.15 pct
** MONDELEZ INTERNATIONAL INC, $44.98, +4.68 pct
Mondelez, the maker of Oreo cookies and Cadbury chocolates, has made a takeover bid for chocolate and sugar confectionery company Hershey, a person familiar with the matter said on Thursday.
** LIONS GATE ENTERTAINMENT CORP, $20.5, -2.10 pct
** STARZ, $30.46, +7.82 pct
Lions Gate, the film studio behind the Hunger Games movie franchise, said it would buy premium television network Starz for $4.4 billion in cash and stock, in a deal that would unite two media companies with ties to cable mogul John Malone.
** CARE.COM, $11.75, +38.72 pct Continued...