HEADLINE STOCKS-Some U.S. stocks to watch on July 6

Mon Jul 6, 2009 8:34am EDT
 
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NEW YORK, July 6 (Reuters) - Some U.S. stocks to watch on Monday:

DATA DOMAIN INC (DDUP.O)

EMC CORP (EMC.N)

NETAPP INC (NTAP.O)

EMC raised its all-cash offer to buy Data Domain to $33.50 per share. [ID:nWNAB4477]

In addition, NetApp received all regulatory clearance to proceed with its proposed acquisition of Data Domain. [ID:nWNAB4473]

Shares of EMC rose 0.6 percent to $12.86 in premarket trading while Data Domain rose 5.9 percent to $34.10 and NetApp closed Thursday at $18.96.

WELLS FARGO & CO (WFC.N)

The bank plans to "grow and invest" in the securities business it largely inherited from Wachovia. [ID:nBNG538336]

Shares of Wells Fargo slid 0.5 percent to $22.96 in premarket trading.

UBS AG (UBS.N) (UBSN.VX)

The bank said it was still committed to its U.S. brokerage unit, after the Financial Times reported that the chief executive now favored a management shake up instead of a sale. [ID:nN05225055]

In addition, Bank of America (BAC.N) topped the company as the world's biggest wealth manager, a Scorpio Partnership survey showed on Monday. [ID:nL3697356]

Shares of UBS fell 3.4 percent to $11.54 in premarket trading on the New York Stock Exchange.

PARTNERRE (PRE.N)

The reinsurer late Sunday said it would buy Paris Re in a $2 billion deal. [ID:nN05206325]  Continued...

 

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