HEADLINE STOCKS-U.S. stocks on the move, April 14
(Updates to afternoon trade, adds Dell, Marathon Oil)
NEW YORK, April 14 (Reuters) - Some U.S. stocks on the move on Tuesday:
JOHNSON & JOHNSON (JNJ.N)
The pharmaceutical company reported first-quarter earnings that topped expectations and affirmed its full-year profit outlook. For details, see [ID:nN07344610]
Shares of the company, a Dow component, rose 1 percent to $51.66.
GOLDMAN SACHS (GS.N)
The financial services company reported a first-quarter profit that topped expectations and said it plans to raise $5 billion through a secondary share offering. [ID:nN14425254]
Shares slid 9 percent to $118.42.
BANK OF AMERICA (BAC.N)
The Securities and Exchange Commission is reviewing whether Bank of America violated federal securities law by failing to disclose to shareholders Merrill Lynch's plan to pay $3.62 billion in bonuses before they voted for a merger of the banks, according to a report in the Financial Times. [ID:nBNG475981]
Shares of Bank of America, a Dow component, fell 3.9 percent to $10.59.
DEERE & CO (DE.N)
Shares fell 1.1 percent to $37.07 after the company said it would combine its worldwide agricultural equipment unit with its commercial and consumer equipment unit into a single division. It sees a pretax charge of about $25 million from the move. [ID:nN14420264]
DENDREON CORP (DNDN.O)
Shares soared 134 percent to $17.08 after it said that its experimental Provenge prostate cancer treatment met its primary endpoint in a Phase III study. [ID:nN14417483]
UBS (UBSN.VX) (UBS.N)
The Swiss bank is cutting 3 percent of its Asia-Pacific staff, in what sources said was part of a fresh round of global job cuts at the bank. [ID:nSIN293086]
U.S.-listed shares rose 3.7 percent to $11.26.
AMERICAN EXPRESS (AXP.N)
Shares fell 7 percent to $19.03 after Stifel Nicolaus downgraded the company to sell from hold.
EBAY INC (EBAY.O)
A proposed buyout of eBay's Skype unit is unlikely to be completed, the Wall Street Journal cited sources as saying on its blog late Monday. [ID:nN13290505]
Shares of eBay fell 1.9 percent to $14.36.
GENERAL GROWTH PROPERTIES GGP.N
A group of the mall owner's bondholders have asked their trustee to sue the company for payment on their past-due bonds, according to a report in the Wall Street Journal. [ID:nN13392097]
Shares of General Growth rose 3.8 percent to $1.09.
MARATHON OIL (MRO.N)
Shares slid 1.5 percent to $28.41 after the oil company said prices for oil and gas had fallen sharply from the prior year. [ID:nN14420939]
INTUITIVE SURGICAL (ISRG.O)
The company was upgraded to buy from hold at Lazard. [RCH/US]
Shares rose 3.7 percent to $118.98.
DELL INC (DELL.O)
Shares of the computer maker were flat, after rising 3.2 percent earlier in the session, after analysts said Dell was planning to enter the smartphone market by the end of the year. [ID:nTP95410]
DRESS BARN INC (DBRN.O)
The women's clothing retailer forecast third-quarter earnings above expectations. [ID:nBNG490377]
Shares rose 5.2 percent to $14.74.
BANK OF THE OZARKS INC (OZRK.O)
The bank holding company posted first-quarter results that beat expectations. [ID:nWNAB2928]
Shares rose 4.3 percent to $24.86. (Reporting by Ryan Vlastelica; Editing by James Dalgleish)
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