June 29, 2015 / 2:55 PM / 2 years ago

BUZZ-U.S. STOCKS ON THE MOVE-Europe & China stocks, U.S. banks, Sysco

(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) Most U.S. stocks fell on Monday after Greek bailout talks collapsed, intensifying fears that the country could be the first to exit the euro zone. The Dow Jones industrial average was down 0.85 percent at 17,793.27, the S&P 500 was down 0.83 percent at 2,084.02 and the Nasdaq Composite was down 0.95 percent at 5,032.453.

** NATIONAL BANK OF GREECE, $1.045, -18.36 pct

** DEUTSCHE BANK AG, $30.59, -5.15 pct

** NOKIA, $6.955, -3.80 pct

** TOTAL SA, $50.24, -3.55 pct

** TELECOM ITALIA, $10.14, -4.16 pct

** BANCO SANTANDER SA, $7.115, -5.51 pct

European ADRs traded lower as the Greek turmoil spilt over across the Atlantic. Greece closed its banks and imposed capital controls on Sunday to check the growing strains on its crippled financial system.

** JPMORGAN CHASE & CO, $67.6, -1.96 pct

** CITIGROUP INC, $55.16, -2.09 pct

** GOLDMAN SACHS GROUP INC, $209.41, -1.76 pct

** MORGAN STANLEY, $38.62, -2.23 pct

** BANK OF AMERICA CORP, $17.04, -2.13 pct

** WELLS FARGO & CO, $56.58, -1.50 pct

Wall Street banks’ shares fell as concerns over Greece mount. Greeks struggled to adjust to shuttered banks, closed cash machines and a climate of rumors and conspiracy theories on Monday as breakdown in talks between Athens and its creditors plunged country deep into crisis.

** ALIBABA GROUP HOLDING LTD, $81.7, -1.90 pct

** BAIDU INC, $200.76, -1.28 pct

** WEIBO CORP, $17.01, -4.06 pct

** E-COMMERCE CHINA DANGDANG, $8.99, -1.96 pct

** JUMEI INTERNATIONAL HOLDING, $20.73, -5.47 pct

** SUNPOWER CORP, $29.45, -2.39 pct

** FIRST SOLAR INC, $48.5884, -2.73 pct

** CANADIAN SOLAR INC, $29.7211, -0.10 pct

U.S.-listed Chinese stocks fell as Chinese equities extended their sharp slide for the second day due to fears over the central bank’s easing policy and tight liquidity conditions ahead of quarter-end.

** MBIA INC, $6.94, -16.59 pct

** ASSURED GUARANTY LTD, $24.06, -12.25 pct

The U.S. bond insurers' shares fell on concerns over Puerto Rico debt. Puerto Rico will not be able to pay its debt of about $72 billion, Governor Alejandro Garcia Padilla said in an interview with New York Times. (nyti.ms/1HqzGra)

BTIG cut its rating on the stocks to “neutral” from “buy” and removed its price targets.

** VITAE PHARMACEUTICALS INC, $13.33, -12.24 pct

The company said its drug to treat Type 2 diabetes in overweight patients did not meet its main goal in a mid-stage study testing it as an add-on therapy.

** SYSCO CORP, $37.51, -2.24 pct

The food distribution company said it terminated a $3.5 billion deal to buy US Foods Inc after a U.S. District Court granted the Federal Trade Commission’s request for a preliminary injunction to block the deal.

** KONGZHONG CORP, $7.41, +5.41 pct

The Chinese game developer said a CEO-led group proposed to take the company private.

The offer of $8.56 per ADS is at a premium of 21.8 percent to KongZhong’s Friday close and values the company at about $401 million.

** MCEWEN MINING INC, $0.9569, +2.34 pct

H.C. Wainwright & Co started coverage of the stock with a “buy” rating and $1.30 price target. It is the first brokerage to cover the stock.

“We believe McEwen is in the unique position to maintain profitability in the current gold and silver price environment,” analysts wrote in a note.

** ARATANA THERAPEUTICS INC, $15.87, +18.08 pct

The animal health drug maker said on Friday that its experimental appetite-stimulating drug was found effective in dogs in a pivotal study.

** MICRON TECHNOLOGY INC, $19.305, -1.81 pct

Mizuho Securities USA cut its rating on the chip maker’s stock to “neutral” from “buy” and cut its price target to $30 from $37. Mizuho analysts said higher-than-expected transition costs for Micron’s 20nm and advanced DRAM chips could compound a PC headwind over the next 2-3 quarters.

** IAMGOLD CORP, $2.09, -4.57 pct

The Canadian miner cut its production forecast for the year, saying a “localized seismic event” in Quebec last month would reduce output from its Westwood mine by nearly half.

** AMPHENOL CORP, $57.99, +4.15 pct

The maker of electronic and fiber optic connectors said it made a binding offer to acquire Singapore-based electronic connectors maker FCI Asia Pte Ltd for $1.28 billion to strengthen its telecom products business.

** PETROLEO BRASILEIRO SA, $9.45, +0.43 pct

Brazil’s state-run oil company Petrobras slashed its long-term spending plan to the lowest level in eight years on Monday as new management moved to reduce the industry’s largest debt burden and pull the company out of a giant corruption scandal.

** TWITTER INC, $34.74, -1.47 pct

Rishi Garg, The company’s vice president of corporate development and strategy, has resigned to pursue other projects, technology blog Re/code reported on Friday, citing a tweet from Garg. (Compiled By Manya Venkatesh in Bengaluru; Editing by Simon Jennings)

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