HEADLINE STOCKS-Some U.S. stocks on the move July 10

NEW YORK, July 10 (Reuters) - Some U.S. stocks to watch on
Thursday:

LEHMAN BROTHERS HOLDINGS INC LEH.N

The cost to insure Lehman Brothers's debt with credit
default swaps jumped on Thursday as its stock price plunged.
[ID:nL10354021]

A spokesman for Pimco said on Thursday that Pimco continues
to trade with the investment bank. The comment came after
market rumors that the bond fund was scaling back business with
Lehman. For more see[ID:nWEN6616]

Shares of Lehman fell 11.25 percent to $17.48 on the NYSE.

FANNIE MAE (FNM.N)

FREDDIE MAC (FRE.N)

Mortgage lenders Fannie Mae and Freddie Mac are "insolvent"
and may need a U.S. government bailout, former St. Louis
Federal Reserve President William Poole was quoted as saying in
an interview with Bloomberg. [ID:nBNG63700]

Shares of Fannie Mae fell 8.9 percent to $13.99 on the
NYSE. Shares of Freddie Mac fell 19.4 percent to $8.29 on the
NYSE.

WACHOVIA CORP WB.N

The fourth-largest U.S. bank named senior Treasury
Department official Robert Steel chief executive and said
mortgage and legal problems would result in a $2.6 billion to
$2.8 billion second-quarter loss, much larger than many
analysts expected. [ID:nN09436713]

Shares of Wachovia dropped 8.8 percent to $13.04 on the
NYSE.

DOLLAR THRIFTY AUTOMOTIVE GROUP (DTG.N)

The vehicle rental group says amends senior credit
facilities. [ID:nWNAB0345]

Shares of Dollar Thrifty fell 6.7 percent to $3.32 on the
NYSE.

BANK OF AMERICA CORP (BAC.N)

Bank of America's chief executive told CNBC on Wednesday he
sees no need for the bank to cut its dividend or raise capital.
[ID:nN09414688].

Shares of Bank of America rose 3 percent to $22.72 on the
NYSE.

ROHM & HAAS CO ROH.N

DOW CHEMICAL CO (DOW.N)

Rohm and Haas shares rose 65 percent on Thursday to $73.97
after Dow Chemical announced it would buy the specialty
chemicals and electronics maker for $18.8 billion.

Shares of Dow Chemical dropped 4.1 percent to $32.59.
[ID:nN10461510].

OPNEXT INC (OPXT.O)

The company, which makes fiber optic network components,
said it agreed to buy privately held StrataLight Communications
Inc in a cash and stock deal valued at $172 million.
[ID:nBNG150328]

Shares of Eatontown, New Jersey-based Opnext fell 3.2
percent to $5.10 on Nasdaq.

(Reporting by Deborah Jian Lee; Editing by Kenneth Barry)