October 24, 2016 / 2:02 PM / 2 years ago

BUZZ-U.S. STOCKS ON THE MOVE-T-Mobile, AT&T, B/E Aerospace, Kimberly-Clark

(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) Wall Street opened higher on Monday as a flurry of deal activity boosted investor confidence. The Dow Jones Industrial Average was up 0.62 percent at 18,258.09, the S&P 500 was up 0.61 percent at 2,154.21 and the Nasdaq Composite was up 0.90 percent at 5,304.533.

** T-MOBILE US INC, $49.685, +6.28 pct

The No. 3 U.S. wireless carrier reported a 17.8 percent rise in quarterly revenue as promotions helped attract more subscribers.

** AT&T Inc, $37.14, -0.93 pct

** Time Warner Inc, $87.25, -2.49 pct

AT&T Inc said on Saturday it agreed to buy Time Warner Inc for $85.4 billion, the boldest move yet by a telecommunications company to acquire content to stream over its network to attract a growing number of online viewers.

** B/E AEROSPACE INC, $58.535, +15.66 pct

** ROCKWELL COLLINS INC, $58.535, +15.66 pct

After two years of looking to expand, aircraft component maker Rockwell Collins Inc has struck a deal to buy aircraft interior maker B/E Aerospace Inc for $62 a share in cash and stock, the companies said on Sunday.

** HILTON WORLDWIDE HOLDINGS INC, $23.105, +0.85 pct

Chinese aviation and shipping conglomerate HNA Group said it would buy a stake of about 25 percent in hotel operator and manager Hilton Worldwide Holdings Inc from biggest shareholder Blackstone Group LP BX.N for $6.5 billion.

** KIMBERLY-CLARK CORP, $116.27, -2.77 pct

The personal care product maker reports Q3 sales and profit below analysts’ estimates, hurt by weak currencies mainly in Latin America and lower demand for its tissue and washroom products.

** SYNGENTA AG, $80.05, -5.95 pct

Chinese state-owned chemical company ChemChina has not offered concessions over its $43 billion bid for Swiss pesticides and seeds group Syngenta SYNN.S, the European Commission said on Monday.

** MECHEL PAO, $4.38, +14.66 pct

Aton analyst Andrey Lobazov said share growth is due to coal prices rising for the second month.

** INOVIO PHARMACEUTICALS INC, $7.1269, -14.75 pct

The immunotherapy developer says U.S. FDA has placed a proposed late-stage trial testing its experimental drug, VGX-3100, on clinical hold.

** GENWORTH FINANCIAL INC, $4.79, -8.06 pct

Little-known China Oceanwide Holdings Group Co pledged $3.8 billion in a deal to take control of U.S. insurer Genworth Financial Inc, the latest marker of Chinese firms accelerating a drive overseas while their domestic economy slows and the yuan weakens.


The company reported a 1.7 percent rise in comparable sales at Burger King in the quarter ended Sept. 30, much smaller than the 6.2 percent rise a year earlier. Comparable sales from United States and Canada fell 0.5 percent.

** JP ENERGY PARTNERS LP, $8.25, +9.42 pct


The company said it would buy JP Energy Partners LP in an all-stock deal, creating a $2 billion midstream master limited partnership.

** MICROSOFT, $60.44, +1.31 pct

Microsoft plans to increase prices for some enterprise services by up to 22 percent in Britainfollowing the plunge in the pound, likely hitting thousands of companies and government departments who rely on its cloud and software products.

** MGP INGREDIENTS INC, $38.27, -1.39 pct

Thirty-four people were treated for respiratory problems after a chemical spill at company’s facility generated a chemical cloud over northeastern Kansas city of Atchison before authorities declared the threat over. (Compiled by Divya Grover; Edited by Don Sebastian)

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