October 22, 2012 / 5:25 PM / in 5 years

MARKET PULSE-Caterpillar, Supervalu, Philips, Overseas Shipholding

Oct 22 (Reuters) - Some U.S. stocks on the move on Monday:

(For more market insights, including options activity, click on STXNEWS/US; for the Morning News Call newsletter, click on link.reuters.com/faq23t; for the day ahead newsletter, link.reuters.com/mex49s)

WALL ST LOWER, CATERPILLAR LATEST TO MISS ON REVENUES

Stocks were modestly lower as investors fretted about the impact of slower global growth on corporate revenues, offsetting earnings that beat expectations.

The Dow Jones industrial average slipped 28.53 points, or 0.21 percent, to 13,314.98. The Standard & Poor's 500 Index was off 3.19 points, or 0.22 percent, to 1,430.00. The Nasdaq Composite Index added 3.81 points, or 0.13 percent, to 3,009.43.

** CATERPILLAR INC, $85.09, down 1.4 pct (1237 ET)

Caterpillar, the world's largest maker of tractors and excavators, slashed its 2012 forecast for the second time as it warned the global economy was slowing faster than it had expected.

** OVERSEAS SHIPHOLDING GROUP INC, $1.26, down 61 pct (1238 ET)

** DHT HOLDINGS INC, $5.39, down 4 pct (1238 ET)

** NORDIC AMERICAN TANKER LTD, $8.70, down 3 pct (1238 ET)

Debt-laden Overseas Shipholding, the world's No. 2 independent tanker operator by fleet size, said it was evaluating options including filing for bankruptcy protection and may have to restate results for at least three years.

The disclosures sent other tanker stocks down too.

** FREEPORT-MCMORAN COPPER & GOLD INC, $40.50, down 1.6 pct (1239 ET)

The company said third-quarter profit fell sharply, missing Wall Street estimates, due in part to a big drop in gold production at its vast Grasberg mine in Indonesia.

** SUPERVALU INC, $2.88, up 31.5 pct (1306 ET)

Cerberus Capital Management is working on a takeover bid for the troubled supermarket operator and has held talks with lenders to line up financing, according to three sources familiar with the matter.

** ANCESTRY.COM INC, $31.46, up 8 pct (1239 ET)

U.S. genealogy website operator Ancestry.com agreed to be acquired by a group led by private equity firm Permira Advisors LLC in a $1.6 billion deal, four months after it put itself up for sale following the cancellation of a TV show based on its research.

** VF CORP, $161.03, down 4 pct (1239 ET)

The clothing company missed Wall Street's third-quarter revenue expectations, and growth in its flagship The North Face brand slowed.

** VOLCANO CORP, $28.70, up 7 pct (1240 ET)

The medical device maker plans to report results from clinical studies of its intravascular ultrasound catheters and fractional flow reserve guide wires at the Transcatheter Cardiovascular Therapeutics conference in Miami between Oct. 22 and 26.

** NEXEN INC , $24.13, down 5 pct (1240 ET)

** ADVANTAGE OIL AND GAS LTD, $3.68, down 7 pct (1240 ET)

** TALISMAN ENERGY INC, $12.75, down 2.8 pct (1241 ET)

U.S.-listed shares of the Canadian oilsands producer, target of a $15.1 billion takeover bid from Chinese oil group CNOOC , fell on uncertainties after the Canadian government blocked the C$5.17 billion acquisition of Progress Energy Resources Corp by Malaysian state oil company Petronas on Friday.

There are fears now that the government might nix the CNOOC bid as well, as Canadians debate the prospect of more of the Alberta oil sands being controlled by a Chinese state-owned enterprise.

Shares of Talisman Energy were also down on the news.

** L & L ENERGY INC, $2.27, up 16.4 pct (1242 ET)

The Seattle-based coal company said it expects to finalize the acquisition of LuoZhou and LaShu mines in China's HeZhang county. The mines, with about 34.2 million tons of combined coal reserves, can produce low-sulfur, high-BTU, anthracite coal.

** PETMED EXPRESS INC, $11.20, up 10.8 pct (1242 ET)

The pet pharmacy reported higher-than-expected quarterly profit as expenses fell. The company earned 20 cents per share. Analysts on average were expecting a profit of 17 cents per share, according to Thomson Reuters I/B/E/S.

** OPENTABLE INC $44.97, up 3 pct (1243 ET)

Yahoo Chief Executive Marissa Mayer's team has shown interest in acquiring the restaurant reservation website as part of her technology-driven comeback plan, Reuters reported on Sunday, citing a source.

** MAGNUM HUNTER RESOURCES CORP, $4.06, down 6.6 pct (1244 ET)

The oil and gas explorer said it found an error in calculation that affected some items in financial statements in the 10-Q for its second quarter and the error resulted in the understatement of non-cash share-based compensation expense of about $3.8 million.

** KONINKLIJKE PHILIPS ELECTRONICS NV , $26.14, up 6.2 pct (1244 ET)

Philips Electronics, the Dutch electronics company's third-quarter profit more than doubled, boosted by higher sales across its health, lighting and consumer divisions and cost cuts. It also said its plans to cut 1.1 billion euros in overheads are on track with savings in the third quarter of 306 million euros.

** ALEXANDER'S INC, $441.90, up 5.3 pct (1244 ET)

The real estate investment trust said it will sell Kings Plaza mall for $751 million to Macerich Co.

** PROSPECT GLOBAL RESOURCES INC, $3.49, up 21.1 pct (1245 ET)

A state-owned Chinese fertilizer company signed a 10-year potash supply agreement with the U.S. miner, guaranteeing China a steady flow of the crucial fertilizer and helping it partially sidestep multinational suppliers like Potash Corp.

** CASCADE CORP, $64.92, up 17.8 pct (1245 ET)

Japanese machinery maker Toyota Industries Corp agreed to buy Cascade Corp, a maker of parts for the lift trucks industry, for $728 million.

** EMERSON RADIO CORP, $1.68, down 21.4 pct (1245 ET)

Emerson Radio on Friday said Wal-Mart will stop buying two of its microwave oven products from spring 2013.

** LDK SOLAR CO LTD, $0.81, up 14.6 pct (1246 ET)

The Chinese solar power equipment maker sold a stake amounting to 19.9 percent of its outstanding shares to state-backed Heng Rui Xin Energy, providing the debt-laden company with some much-needed liquidity.

** PEABODY ENERGY CORP, $28.86, up 11.4 pct (1247 ET)

** ARCH COAL INC, $8.48, up 7.2 pct (1247 ET)

** CONSOL ENERGY, $36.38, up 3.3 pct (1247 ET)

** JAMES RIVER COAL HOLDINGS, $5.29, up 5.8 pct (1247 ET)

** ALPHA NATURAL RESOURCES INC, $9.34, up 4.1 pct (1248 ET)

** WALTER ENERGY INC, $39.24, up 2.5 pct (1248 ET)

Coal miner Peabody's profit raced past analysts' estimates as cost cuts started to pay off and sales volumes in Australia climbed on a pick-up in demand from China.

The news also pushed up the stocks of its peers.

** MERITOR INC, $4.76, up 8.1 pct (1249 ET)

Barclays Capital raised its rating on the truck parts maker to "overweight" from "equal weight," citing an overlooked litigation option which could result in Meritor receiving about a $200 million settlement from a lawsuit it filed against Eaton Corp in 2006. [ID: nWNAB007RV]

** AVID TECHNOLOGY INC, $6.95, down 14.9 pct (1249 ET)

The company, which makes editing and recording software for digital media, estimated third-quarter results to miss Wall Street's expectations, hurt by "some transitional issues related to implementation of strategic actions".

** ZIOPHARM ONCOLOGY INC, $4.71, up 8.2 pct (1249 ET)

A report on Forbes' website alleged that the cancer drugmaker withheld crucial information from its investors, including a regulatory warning letter related to mid-stage trial data of its chemotherapy drug palifosfamide.

** SUPERNUS PHARMACEUTICALS INC, $13.16, up 1.5 pct (1250 ET)

The company's experimental epilepsy drug Oxtellar XR won marketing approval from the U.S. Food and Drug Administration, the second drug approval for the company since it went public in May.

** NIELSEN HOLDINGS NV $29.10, down 7.4 pct (1250 ET)

The TV ratings company reported third-quarter revenue below analysts' estimates, hurt by lower customer spending for its Insights services.

** ADVANCE AUTO PARTS INC, $64.91, down 5.1 pct (1250 ET)

** AUTOZONE INC, $363.62, down 1.4 pct (1251 ET)

** AUTONATION INC, $47.45, down 2 pct (1252 ET)

Advance Auto Parts cut its full-year outlook for the second time this year and forecast third-quarter earnings below analysts' expectations. The auto parts maker said a drop in spending on maintenance and failure parts, especially in colder weather markets, could constrain its performance for the rest of the year.

Shares of competitors Autozone and AutoNation also fell on the news.

** MANITOWOC CO INC, $14.43, down 5.4 pct (1252 ET)

Longbow Research downgraded the diversified industrial manufacturer's stock to "neutral."

** TEXAS INDUSTRIES, $43.78, up 2.1 pct (1253 ET)

Sterne Agee raised the construction materials supplier to "neutral" from "underperform" as end-market demand for the company's products improves.

** SUNTRUST BANKS INC, $27.81, down 2.8 pct (1253 ET)

The bank's third-quarter profit surged on the sale of its shares in Coca-Cola Co, but the lender forecast a weaker margin for the current quarter and said loan demand had slowed.

** EDWARDS LIFESCIENCES CORP, $85.15, down 1.1 pct (1253 ET)

The company said U.S. health regulators widened the approved use of its Sapien artificial heart valve to include patients who are eligible for surgery but at high risk of serious surgical complications or death.

** CAI INTERNATIONAL, $21.53, up 3.8 pct (1254 ET)

Keefe Bruyette & Woods assumed coverage on the container leasing and management company's stock with "outperform" rating.

** INTERNATIONAL FLAVORS & FRAGRANCE INC, $63.72, up 3.2 pct (1254 ET)

Stifel Nicolaus raised the flavors and fragrance supplier to "buy" from "hold."

** BP PLC, $42.52, down 1.3 pct (1256 ET)

NK Rosneft' OAO announced a two-part deal worth around $55 billion that gives British oil company BP a stake of 19.75 percent in the state-controlled Russian energy firm and two seats on the board, and offers an exit for the TNK-BP's other shareholders AAR, as well.

** APPLE INC, $624.41, up 2.3 pct (1256 ET)

Apple is removing old versions of Oracle Corp's Java software from Internet browsers on the computers of its customers when they install the latest update to its Mac operating system.

** CITIGROUP, $37.54, up 0.9 pct (1257 ET)

Saudi billionaire Prince Alwaleed bin Talal, who has a stake in Citigroup, said on Monday the U.S. bank has great potential under new management following the departure of Vikram Pandit as chief executive.

** PFIZER INC, $25.52, down 0.9 pct (1258 ET)

The company said it would buy privately held NextWave Pharmaceuticals for $255 million, gaining access to the company's attention deficit hyperactivity disorder drug, the first once-daily liquid medicine approved to treat the condition in the United States.

** ARCHER DANIELS MIDLAND CO, $28.13, down 1.3 pct (1258 ET)

The U.S. agriculture giant bid $2.8 billion for GrainCorp , sending shares in Australia's last independent grains handler soaring, as markets bet on a higher offer price or rival bids being flushed out. (Compiled by Ranjita Ganesan in Bangalore)

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