HEADLINE STOCKS-Some U.S. stocks on the move on Jan 6

(Updates to after the bell)

NEW YORK, Jan 6 (Reuters) - Some U.S. stocks on the move
on Tuesday:

TIME WARNER CABLE (TWC.N)

CBS CORP (CBS.N)

Time Warner extended a deal to carry CBS's television
stations, avoiding what could have turned out to be a heated
industry dispute. The move comes after Viacom (VIAb.N)
threatened to pull its cable channels from Time Warner because
of a disagreement over a separate deal. [ID:nN06417434]

Shares of Time Warner Cable rose 2.1 percent to $22.14
while CBS gained 3.5 percent to $9.

INTERCONTINENTALEXCHANGE (ICE.N)

Shares plummeted after Goldman downgraded the company to
neutral from buy, citing lower commissions from its energy
business. [ID:nBNG186725]

The stock tumbled 14 percent to $62.98.

DOW CHEMICAL (DOW.N)

The company said it would pursue legal and other options to
fulfill rights under its agreement with Petrochemical
Industries Co of Kuwait after Kuwait scrapped a deal to form a
$17.4 billion joint venture with the company. [ID:nN06412074]

Dow shares gained 5.3 percent to $15.84 on Monday.

APPLE (AAPL.O)

Oppenheimer upgraded the technology company to outperform,
saying there was no imminent threat of a change in the
company's leadership. [ID:nBNG313746]

Shares rose 1.6 percent to $96.14.

AMERICAN INTERNATIONAL GROUP (AIG.N)

Maurice Greenberg, the former chief executive of AIG, said
that the company was planning to sell its HSB Group unit at a
"distressed" price, and said he was seeking an explanation for
the sales process from the company.

AIG agreed to sell the unit to German reinsurer Munich Re
for $742 million in December. [ID:nBNG239703]

AIG shares rose 2.4 percent to $1.71.

SEMICONDUCTOR MANUFACTURING INTERNATIONAL (SMI.N)

INTEL CORP (INTC.O)

Semiconductor Manufacturing is discussing the possibility
of selling a strategic stake in itself to Intel, according to
sources familiar with the talks. The companies declined to
comment. [ID:nSHA25260]

Shares of Semiconductor surged 5.1 percent to $2.25 while
shares of Intel, a Dow component, rose 2.6 percent to $15.29.

CELGENE CORP (CELG.O)

The biotech company was downgraded to neutral from
outperform at Robert W. Baird, which cited concerns over the
company's blood cancer drug, Revlimid. The firm questioned
whether the drug would be able to meet growth expectations this
year and cut Celgene's price target to $62 from $68.
[ID:nBNG424402]

Celgene shares slid 6.4 percent to $50.90 in premarket
trade.

LIONS GATE ENTERTAINMENT (LGF.N)

The entertainment company agreed to buy TV Guide and TV
Guide Network for $255 million. The assets were previously held
by Macrovision Solutions MVSN.O. [ID:nN05398767]

Shares of Lions Gate rose 3.4 percent to $5.81.

BANK OF AMERICA (BAC.N)

Bob McCann, the head of brokerage at Merrill Lynch, late
Monday said he would leave the securities firm, which was
recently purchased by Bank of America. [ID:nSP56300]

Shares of Bank of America, a Dow component, gained 3.4
percent to $14.47 on Monday.

ARIAD PHARMACEUTICALS (ARIA.O)

CYCLACEL PHARMACEUTICALS (CYCC.O)

Lazard slashed its price targets on the two companies,
dropping each company by two-thirds. Ariad was dropped to $3
from $9 while Cyclacel was dropped to $2 from $6. [RCH/US]

Ariad shares rose 8.2 percent to $1.06 while Cyclacel
shares gained 5.3 percent to 42 cents.

(Reporting by Ryan Vlastelica; Editing by Kenneth Barry)