January 26, 2015 / 3:13 PM / in 3 years

BUZZ-U.S. STOCKS ON THE MOVE-Ocwen, MeadWestvaco, Seagate

(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 opened flat on Monday after a decisive Greek election victory by the Syriza party spurred concern over fresh instability in the euro zone, though the possibility of Greece leaving the bloc was considered remote. The Dow Jones industrial average was down 0.26 percent at 17,626.86, the S&P 500 was down 0.25 percent at 2,046.72 and the Nasdaq Composite was down 0.23 percent at 4,746.876.

** OCWEN FINANCIAL CORP, $7.11, +11.97 pct

The mortgage servicer reached a $2.5 million settlement with the California Department of Business Oversight, which had threatened to suspend Ocwen’s license to operate in the state.


The Chinese advertising company said it was launching a mobile-based marketing service with Chinese search engine Baidu Inc.

** ROCKWELL MEDICAL INC, $11.88, +9.90 pct

The U.S. Food and Drug Administration has approved company’s drug for treating iron loss in chronic kidney disease patients on dialysis.

** SEMGROUP CORP, $68.13, +6.35 pct

Sandell Asset management Corp, a small New York-based activist hedge fund, asked pipeline operator SemGroup to explore strategic alternatives including a sale.

** MATTEL INC, $26.7108, -4.74 pct

The toymaker said Bryan Stockton had resigned as chief executive and chairman.

** ENERGY TRANSFER PARTNERS LP, $62.13, -4.91 pct

** REGENCY ENERGY PARTNERS LP, $25.46, +7.20 pct

Pipeline operator Energy Transfer said it would buy affiliate Regency Energy in a deal valued at about $18 billion, including debt.

** HEALTHWAYS INC, $21.625, +9.94 pct

The healthcare management company said on Sunday it retained J.P. Morgan Securities LLC to explore strategic alternatives.

** D.R. HORTON INC, $24.09, +4.29 pct

The largest U.S. homebuilder by number of homes sold reported a 37 percent rise in quarterly revenue as it delivered more homes.


The Israeli company said experimental stem cell therapy NurOwn brought about behavioral benefit in mice showing symptoms of autism.

** POST HOLDINGS INC, $44.65, +7.75 pct

The cereal maker said it would acquire privately held rival MOM Brands Co for about $1.15 billion in cash and stock to expand in the bagged and hot cereal categories.

** ROCK-TENN CO, $69.03, +9.59 pct

** MEADWESTVACO CORP, $52.885, +17.42 pct

Packaging companies Rock-Tenn and MeadWestvaco said they would combine to form a company worth $16 billion, with MeadWestvaco shareholders owning a majority stake.

** SEAGATE TECHNOLOGY PLC, $57.22, -10.57 pct

The hard-drive maker reported quarterly revenue below analysts’ estimates, hurt by lower demand for its products as shipments of personal computers fell.

** DELHAIZE GROUP SA, $20.49, +6.00 pct

The Belgian supermarket group unveiled better-than-expected sales growth in the U.S. for the fourth quarter and a decline in Belgium, marred by industrial action, that was not as bad as feared.

** KINROSS GOLD CORP, $3.32, -1.48 pct

Goldman Sachs downgraded the Canadian miner’s stock to “sell” from “neutral,” according to StreetInsider.com


Berenberg analysts initiated coverage on the Israeli drugmaker with “sell” rating and price target of $49 and said company’s multiple sclerosis drug, Copaxone, will likely face competition from generics in United States this year, putting earnings under significant pressure over medium term.

** FXCM INC, $2.41, +1.69 pct

The retail currency broker said late on Friday that it continued to operate in the normal course of business and that all of its entities have capital in excess of regulatory requirements.


The miner said it reduced its net debt by $400 million.

** EXPEDIA INC, $87.09, -0.40 pct

** SABRE CORP, $19.98, -3.52 pct

Online travel agency Expedia has acquired online travel agency Travelocity from technology company Sabre for $280 million in cash, the companies said in a statement, as consolidation in the online booking industry continues. (Compiled by Anet Josline Pinto in Bengaluru; Edited by Maju Samuel)

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