March 12 (Reuters) - Some U.S. stocks on the move on Tuesday: (For more market insights, including options activity, click on ; for The Day Ahead newsletter link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/faq23t)
U.S. stocks were little changed at the start of trading on Tuesday as investors paused after a seven-session string of gains and the Bundesbank’s chief warned the euro zone’s crisis has not ended.
** LIFE TECHNOLOGIES CORP, $62.57, up 2 pct (0937 ET)
The Wall Street Journal reported on Monday that private equity firm KKR & CO LP is considering teaming up with other private equity firms to bid for the biomedical laboratory equipment maker, citing people familiar with the matter. (r.reuters.com/gyd66t)
Reuters had reported on Jan. 29 that private equity firms KKR, Blackstone Group LP, Bain Capital LLC and TPG Capital LP were interested in buying the company. Last week, Reuters reported that a number of PE firms were exploring a joint offer for Life Technologies.
** RADIOSHACK CORP $3.48, down 3 pct (0959 ET)(
Goldman Sachs downgraded the consumer electronics retailer to “sell” from “neutral,” saying the company operates with a challenged business model because of its dependence on mobiles.
The brokerage also said it sees minimal equity value as the company has a lofty leverage and believes its turnaround plan has a low probability of success.
** URBAN OUTFITTERS INC, $40.78, down 2 pct (0939 ET)
The clothing retailer on Monday reported a fourth-quarter profit below market estimates, hurt largely by a higher tax rate.
Analyst Laura Champine of Canaccord Genuity cut her price target on the stock to $41 from $45, citing a smaller-than-expected gross margin expansion.
** MERCK & CO INC, $45.03, up 3 pct (0940 ET)
The pharmaceutical company said on Tuesday that an independent monitoring board had allowed it to continue with a huge trial assessing the safety and effectiveness of its blockbuster Vytorin cholesterol treatment.
** CABELA‘S INC, $57.90, up 8 pct (0940 ET)
The outdoor sporting goods retailer forecast first-quarter earnings 10 to 15 cents higher than Wall Street estimates, helped by strong sales of merchandise, including firearms and ammunitions.
** GLU MOBILE INC, $2.90, up 19 pct (0941 ET)
The developer of games for smartphone and tablets said it was publishing its first real-money mobile gambling game.
New Jersey Governor Chris Christie approved online gambling within the state’s border last month, a move that he hopes can help boost state revenues and revive Atlantic City casinos.
** SUNTECH POWER HOLDINGS CO LTD, $1.07, down 7 pct (0941 ET)
The cash-strapped company said it would stop production at a solar panel making facility in Goodyear, Arizona on April 3, affecting 43 employees.
Higher production costs, U.S. import tariffs on China-made solar cells and global oversupply caused the facility’s closure, Suntech said in a statement.
** IROBOT CORP, $24.60, up 8 pct (0942 ET)
The robot maker raised its first-quarter forecast and named a new chief financial officer.
The company now expects earnings of 16 to 20 cents per share, up from its previous forecast of a break even to a profit of up to 7 cents per share.
** OCZ TECHNOLOGY GROUP INC, $2.04, up 17.7 pct (0936ET)
The solid-state hard drive maker said on late Monday it got a $30 million credit facility with Hercules Technology Growth Capital.
** L&L ENERGY INC, $2.25, up 10 pct (0933 ET)
The Seattle-based coal company on Monday reported a300 percent increase in profit for its third quarter ended Jan. 31 after the acquisition of two new mines in Guizhou, China helped boost production.
** CVR ENERGY INC, $59.69, up 1.7 percent (0934 ET)
** CVR REFINING LP, $32.45, up 8 percent (0934 ET)
Oil refiner and fertilizer maker CVR Energy posted a quarterly profit that beat analysts’ estimates on higher refining margins. The company’s refining arm, CVR Refining, said adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) rose more than three times due to better-than-expected results at Wynnewood refinery.
** HECKMANN CORP, $4.01, up 8 pct (0942 ET)
The wastewater management company posted a better-than-expected net profit on Monday, boosted by its merger with Power Fuels and growth in its legacy Heckmann Water Resources business.
** DIAMOND FOODS INC $16.64, down 5 pct (094 ET)
The snack food maker reported second-quarter results that missed Wall Street estimates, hurt by a decline in sales of it nuts brands, Diamond of California and Emerald.
The company which gets more than half of its sales from nuts, said net revenue from the brand fell 29.6 percent to $115.4 million.
** GOVERNMENT PROPERTIES INCOME TRUST, $25.16, down 5 pct (0943 ET)
The real estate investment trust’s shareholder, CommonWealth REIT, sold about 10 million shares of Government Properties at $25.20 per share, a discount of 5 percent to their Monday closing price.
** YUM BRANDS INC, $70.17, up 4 pct (0944 ET)
The KFC parent reported an unexpected 2 percent rise in February sales at established restaurants in China, boosted by the Chinese New Year and the easing worries about a food safety scare that drove away customers.
** VERIFONE SYSTEMS INC, $21.55, up 5 pct (0945 ET)
The maker of credit card swipe machines said Chief Executive Douglas Bergeron will step down after more than a decade at the company’s helm.
** LAKELAND INDUSTRIES INC, $4.44, down 10 pct (0945 ET)
The maker of protective clothing said its Brazilian operations will post a loss in the fourth quarter due to weak sales. The loss could potentially result in the company being in default of its credit facility with TD Bank, it said.
** PERFECT WORLD CO LTD, $11.54, down 9 pct (0945 ET)
The Chinese online game developer’s quarterly profit fell 67 percent as revenue declined and operating costs rose from the year-ago period.
** BIOSCRIP INC, $11.02, down 4 pct (0946 ET)
The company reported fourth-quarter results.
BioScrip, which also offers home health and hospice services, also forecast revenue for 2013 above analysts’ estimates.
** U.S. SILICA HOLDINGS INC, $23.86, down 10 pct (0948 ET)
The No. 2 U.S. commercial silica maker said on Monday that an affiliate of Golden Gate Capital, its top shareholder, would sell 8.5 million U.S. Silica shares.
** LEXINGTON REALTY TRUST, $11.70, down 3 pct (0948 ET)
The real estate investment trust said it plans to offer 15 million shares to raise money to repay all of the outstanding borrowings under its unsecured revolving credit facility.
Compiled by Pallavi Ail in Bangalore; Editing by Sreejiraj Eluvangal