Some U.S. stocks on the move on June 15
(Updates to after the open, adds Lincoln Financial, Dell, Target, Jazz)
NEW YORK, June 15 (Reuters) - Some U.S. stocks on the move on June 15:
CITIGROUP INC (C.N)
The company is launching a $1.25 billion partnership with International Finance Corp, a private-sector arm of the World Bank, to cash in on opportunities arising from the scarcity of credit, according to a report in the Financial Times. [ID:nBNG384451]
Shares fell 1.2 percent to $3.43.
BOEING CO (BA.N)
The planemaker's commercial aircraft chief expects growth to return to the industry in the middle of next year. [ID:nLF505340]
Shares of Boeing, a Dow component, fell 2.2 percent to $50.32.
LINCOLN FINANCIAL GROUP (LNC.N)
The company said it would take federal bailout money and sell stock and debt to raise $2 billion to shore up its insurance unit and repay debt. [ID:nN1566240]
Shares fell 9 percent to $16.16.
CAPITAL ONE FINANCIAL CORP (COF.N)
The credit card company said defaults soared in May, as job losses mounted in the United States and as Americans struggled to pay their debts. [ID:nN15217005]
Shares fell 1.3 percent to $23.63.
JAZZ PHARMACEUTICALS INC (JAZZ.O)
The pharmaceutical company said its experimental treatment for fibromyalgia significantly reduced pain compared to the dummy drug in a late-stage trial. [ID:nBNG495928] Continued...
