HEADLINE STOCKS-U.S. stocks on the move on May 7

(Updates to after the open, adds Target, DuPont, Dow Chemical,
Cablevision, Gap and DirecTV)

NEW YORK, May 7 (Reuters) - Some U.S. stocks on the move on
Thursday:

GENERAL MOTORS (GM.N)

The automaker reported a first-quarter loss and said it
burned through $10.2 billion in the first quarter. For story
see [ID:nN06340190].

Shares of the company, a Dow component, rose 1.8 percent to
$1.69.

WAL-MART STORES INC (WMT.N)

The discount retailer, a Dow component, reported April
same-store sales results that beta expectations.
[ID:nN07455499]

Shares rose 2.8 percent to $50.89.

TARGET CORP (TGT.N)

Shares of the retailer advanced 4.6 percent to $43.35 after
it reported April same-store sales growth of 0.3 percent.
[ID:nWNAB5458]

DUPONT CO (DD.N)

The chemical maker said it would cut another 2,000 jobs as
part of its cost-cutting plans and that it would take a
second-quarter charge of $340 million to $390 million.
[ID:nN07337677]

Shares of the Dow component dropped 0.5 percent to $28.62.

GAP INC (GPS.N)

The company reported a drop of 4 percent in its April
same-store sales. The analyst consensus was for a drop of 7.8
percent. [ID:nWNAB5372]

Shares surged 6.9 percent to $17.43.

DIRECTV GROUP (DTV.O)

The company reported a decline in its first-quarter profit
but added more subscribers than expected. [ID:nN06299952]

Shares fell 1.7 percent to $23.92.

CABLEVISION SYSTEMS CORP (CVC.N)

The company swung to a first-quarter profit, helped as it
added more Internet and phone customers despite competition.
[ID:nN06286398]

Shares advanced 11.5 percent to $20.44.

DOW CHEMICAL CO (DOW.N)

The company said its public offering of about 130 million
shares priced at $15 a share, a discount of about 1 percent to
the stock's Wednesday closing price. [ID:nN07341495]

Its shares were up 0.2 percent at $15.22.

COSTCO WHOLESALE CORP (COST.O)

The retailer reported its April sales results.
[ID:nWNAB5000]

The stock rose 0.9 percent to $47.29.

NASDAQ OMX GROUP (NDAQ.O)

The company reported adjusted first-quarter earnings that
beat expectations. [ID:nN06328800]

Shares fell 4.1 percent to $20.73.

SARA LEE CORP (SLE.N)

The food company reported third-quarter results that beat
expectations. [ID:nN07337436]

Shares rose 2.3 percent to $9.17.

WARNER MUSIC GROUP (WMG.N)

The company reported an adjusted second-quarter loss that
was narrower than expected. [ID:nN07301590]

Shares fell 2.9 percent to $5.29.

PEPSIAMERICAS INC (PAS.N)

PEPSICO INC (PEP.N)

PEPSI BOTTLING GROUP INC (PBG.N)

PepsiAmericas on Thursday rejected an unsolicited takeover
bid from PepsiCo, saying it "significantly undervalues the
strategic benefits of system consolidation."

The move came shortly after fellow Pepsi Bottling Group
also rejected a buyout offer from PepsiCo. [ID:nN07329197]

Shares of PepsiAmericas fell 0.2 percent to $25.14 while
PepsiCo slid 0.4 percent to $49.53 and Pepsi Bottling was up
1.5 percent at $32.54.

SIRIUS XM RADIO INC (SIRI.O)

The radio company reported a quarterly loss that was
narrower than expected. [ID:nN07284618]

Shares fell 8.6 percent to 48 cents.

ELIZABETH ARDEN INC (RDEN.O)

The cosmetics and perfume company reported an adjusted
third-quarter loss and said it was seeing "modest improvement"
in retail sales performance. [ID:nBNG467055]

Shares fell 2.5 percent to $8.37.

LIMITED BRANDS INC (LTD.N)

The retailer reported a decline of 6 percent in its April
same-store sales. The analyst consensus was for a drop of 5.9
percent.

Shares fell 5.4 percent to $12.49.

ATLAS ENERGY RESOURCES LLC (ATN.N)

The company reported first-quarter earnings of 52 cents a
share and revenue growth of 2 percent. The analyst consensus
was for earnings of 45 cents a share. [ID:nWNAB5167]

Shares rose 4.8 percent to $20.69.

CISCO SYSTEMS INC (CSCO.O)

The company late Wednesday reported third-quarter results
that beat expectations, and said its customers were seeing more
stability. [ID:nN06332767]

Shares slid 0.2 percent to $19.56.

NEWS CORP (NWS.O)

The media company late Wednesday reported a drop in its
quarterly operating income, but said the worst effects of the
recession were behind it. [ID:nN06286474]

Shares rose 7.6 percent to $11.46.

PRUDENTIAL FINANCIAL INC (PRU.N)

The company reported adjusted first-quarter operating
income that beat expectations. [ID:nN06335589]

Shares rose 13.5 percent to $40.38.

VICAL INC (VICL.O)

The company entered a cooperative research and development
agreement with the U.S. Navy for the development of a vaccine
against the H1N1 strain of influenza virus. [ID:nBNG448760]

Shares rose 29 percent to $2.70.

TBS INTERNATIONAL LTD (TBSI.O)

The dry bulk shipping company swung to a first-quarter
loss, hurt by a drop in freight rates. [ID:nBNG448884]

Shares fell 12 percent to $10.30.

BLACKBOARD INC (BBBB.O)

The online learning-software company agreed to acquire
privately held Angel Learning Inc for $95 million.
[ID:nBNG449408]

Shares fell as much as 11.5 percent to $29.15.

ECLIPSYS CORP (ECLP.O)

The company reported a better-than-expected quarterly
profit and raised its 2009 earnings outlook. [ID:nBNG476280]

Shares gained 15 percent to $15.41.

VANDA PHARMACEUTICALS INC (VNDA.O)

The drug-maker said U.S. health regulators approved its
treatment for schizophrenia. [ID:nBNG451351]

Shares soared to $9.36 from their close on Wednesday of
$1.08.

SYNCHRONOSS TECHNOLOGIES INC (SNCR.O)

The communication software maker reported a 51 percent drop
in first-quarter profit and said it had secured deals with two
large smartphone makers. [ID:nBNG445449]

Shares fell 4.2 percent to $12.75.

ON SEMICONDUCTOR CORP (ONNN.O)

The chipmaker forecast better-than-expected revenue for its
second quarter. [ID:nBNG448511]

Shares rose 0.5 percent to $6.12.

MEDCATH CORP (MDTH.O)

The hospital operator said it would delay the announcement
of its second-quarter results. [ID:nWNAB4809]

Shares fell 23 percent to $8.06.

HOT TOPIC INC (HOTT.O)

The teen-clothing retailer posted April same-store sale
results that missed estimates. [ID:nBNG447954]

Shares fell 22 percent to $9.59.