(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 were little changed on Monday ahead of this week's Federal Reserve policy meeting and quarterly earnings reports from key companies including Apple. The Dow Jones industrial average was down 0.05 percent at 17,637.35, the S&P 500 was down 0.23 percent at 2,070.28 and the Nasdaq Composite was down 0.16 percent at 5,023.667.
** VALEANT PHARMACEUTICALS INTERNATIONAL INC, $111.999, -3.58 pct
The Canadian drugmaker’s said it has asked U.S. securities regulators to investigate a short-seller’s “completely untrue” allegation that the company used its ties with a specialty pharmacy to inflate revenue, and said it would conduct a review of its pharmacy network.
TAKE A LOOK-Valeant’s rough week in the markets
** CTRIP.COM INTERNATIONAL LTD, $95, +27.79 pct
** QUNAR CAYMAN ISLANDS LTD, $45.38, +14.83 pct
** BAIDU INC, $171, +8.50 pct
Chinese online travel company Ctrip.com International announced a tie-up with rival Qunar Cayman Islands and its backer Baidu through a share swap.
** PEP BOYS - MANNY, MOE & JACK, $14.96, +23.13 pct
Japanese tire maker Bridgestone Corp said it would buy the auto parts retailer for $835 million in cash to expand its presence in the United States.
The $15-per-share deal represents a premium of 23.5 percent to Pep Boys’ Friday closing price of $12.15.
** BIODELIVERY SCIENCES INTERNATIONAL INC, $6.13, +16.10 pct
The company said the U.S. Food and Drug Administration had approved its opioid treatment for chronic pain. Endo International Plc licensed the worldwide manufacturing and marketing rights to the treatment, Belbuca, from BioDelivery in 2012.
** NORTHERN TIER ENERGY LP, $25.87, +6.77 pct
** WESTERN REFINING INC, $42.52, +0.62 pct
Oil refiner Western Refining offered to buy the shares of Northern Tier Energy it did not already own in a deal that values the refiner at about $2.52 billion. Western Refining has offered $17.50 in cash and 0.2266 of its share for each Northern Tier unit.
** XEROX CORP, $10.23, -1.06 pct
The company, best known as a maker of printers and copiers, said it would undertake a “comprehensive review of structural options”.
** PIEDMONT NATURAL GAS CO, $57.83, +36.97 pct
** DUKE ENERGY CORP, $72.2, -2.09 pct
Duke Energy, the largest U.S. power company by generation capacity, said it would buy natural gas distributor Piedmont Natural Gas for $4.9 billion in cash.
Reporting by Rosmi Shaji in Bengaluru; Editing by Sriraj Kalluvila