March 18, 2016 / 2:04 PM / 2 years ago

BUZZ-U.S. STOCKS ON THE MOVE-Starwood, BofA, JPMorgan, Eagle Pharma

(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter,; for the Morning News Call newsletter, Wall Street rose on Friday, pushing the S&P 500 into positive territory for 2016, as the Fed's tempered view on interest rates, a weakened dollar and rising oil prices whetted investors' risk appetite. The Dow Jones industrial average was up 0.52 percent at 17,572.4, the S&P 500 was up 0.35 percent at 2,047.79 and the Nasdaq Composite was up 0.03 percent at 4,776.193.

** STARWOOD HOTELS & RESORTS INC, $79.88, +4.57 pct

** MARRIOTT INTERNATIONAL INC, $73.18, +1.92 pct

Starwood Hotels & Resorts Inc, the operator of Sheraton and Westin hotels, said on Friday it had accepted a raised buyout offer from a group led by China’s Anbang Insurance and would scrap its deal with Marriott International Inc .

** BANK OF AMERICA CORP, $13.775, +2.80 pct

The bank said its board has authorized share repurchase of up to $800 million, in addition to the $4 billion share buyback announced earlier.

** JPMORGAN CHASE & CO, $60.67, +3.27 pct

The bank’s board authorized repurchase of up to an additional $1.88 billion of common equity through end of second quarter of 2016. This is in addition to $6.4 billion of common equity authorized for repurchase last year.

** EAGLE PHARMACEUTICALS INC, $41.951, -21.85 pct

The drugmaker said the U.S. Food and Drug Administration rejected its drug to prevent blood clots in certain patients undergoing heart surgery.

** ADOBE SYSTEMS INC, $93.9588, +4.45 pct

The photoshop maker raised its full-year profit and revenue forecast that topped market expectations, bolstered by strong demand for its Creative Cloud package of software tools.

** ENPRO INDUSTRIES INC, $62.05, +6.34 pct

The company said it has agreed to a $480 million settlement to resolve current and future personal injury claims related to its asbestos-lined gaskets used in pipes, valves and other industrial applications.

** COLUMBIA PIPELINE GROUP INC, $25.02, +6.42 pct

** TRANSCANADA CORP, $37.63, -1.18 pct

The company behind the controversial Keystone XL oil pipeline said on Thursday it will buy Columbia Pipeline Group for $10.2 billion, creating one of North America’s largest regulated natural gas transmission businesses.

** TITAN MACHINERY INC, $11.11, -11.54 pct

The heavy equipment retailer sees fourth-quarter adjusted loss of $1.31 per share and quarterly revenue of about $335 million, both below analysts’ average estimates. (Compiled by Arunima Banerjee in Bengaluru; Edited by Don Sebastian)

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