HEADLINE STOCKS-Some U.S. stocks on the move on June 18
(Updates to afternoon trading, adds Discover, Caterpillar, Carnival Corp, Lockheed Martin, Travelers, Wells Fargo, Solutia and Matrixx)
NEW YORK, June 18 (Reuters) - Some U.S. stocks on the move on Thursday:
CATERPILLAR INC (CAT.N)
The heavy machinery company said its global sales dropped 43 percent in the three month period ended in May. [ID:nN18388033]
Shares of the Dow component fell 1.9 percent to $34.14.
WELLS FARGO & CO (WFC.N)
The company's chief executive said in a newspaper interview he would like the bank to repay the $25 billion it took from the TARP program as soon as practical, but he gave no time frame. [ID:nN18380266]
Shares rose 2.3 percent to $23.62.
SLM CORP (SLM.N)
The company won a government contract to service student loans. [ID:nN17354927]
Shares surged 5.7 percent to $8.13.
DISCOVER FINANCIAL SERVICES (DFS.N)
The company reported a rise in its second-quarter earnings. It also posted a charge-off rate of 7.79, up from the level of 6.48 percent in the first quarter. [ID:nN18298778]
Shares rose 5.7 percent to $9.42.
TRAVELERS COMPANIES INC (TRV.N)
The Supreme Court ruled for Travelers, saying a lower court erred in overturning the approval of the company's nearly $500 million settlement of asbestos-related litigation. [ID:nN18391968] Continued...
