HEADLINE STOCKS-U.S. stocks on the move on April 20

(Updates to afternoon, adds General Motors, Saks, Lions Gate)

NEW YORK, April 20 (Reuters) - Some U.S. stocks on the move
on Monday:

BANK OF AMERICA (BAC.N)

The bank reported first-quarter results and said it
continues to face "extremely difficult challenges," primarily
from deteriorating credit quality. For more see
[ID:nN20380236]

Shares of the company, a Dow component, plummeted 21
percent to $8.40.

ELI LILLY AND CO (LLY.N)

The pharmaceutical company reported first-quarter results
and gave a 2009 outlook. [ID:nN20336098]

Shares slid 1.5 percent to $33.4.

SUN MICROSYSTEMS (JAVA.O)

ORACLE CORP (ORCL.O)

Oracle said it would buy Sun Micro for $9.50 a share in
cash, or a total of $7.4 billion. [ID:nWNAB4883]

Shares of Sun surged 36.5 percent to $9.12 while Oracle
shares were down 2 percent to $18.68.

GENERAL MOTORS (GM.N)

Shares of the automaker, a Dow component, fell 9.7 percent
to $1.68 after it said it would cut 1,600 salaried positions
this week. [ID:nN20389400]

SAKS (SKS.N)

Shares of the luxury retailer rose 4 percent to $3.68 after
JPMorgan upgraded it to overweight. [ID:nBNG427026]

PEPSICO (PEP.N)

PEPSI BOTTLING GROUP (PBG.N)

PEPSIAMERICAS (PAS.N)

The soft drink company offered to buy the shares it doesn't
already own of Pepsi Bottling Group and PepsiAmericas, its two
largest bottlers, in a move to cut costs. [ID:nBNG132692]

PepsiCo shares fell 4.8 percent to $49.62 while Pepsi
Bottling surged 21 percent to $30.50 and PepsiAmericas gained
24 percent to $24.63.

LIONS GATE ENTERTAINMENT (LGF.N)

Shares of the movie studio tumbled 16 percent to $4.51
after one of its units entered a refinancing exchange agreement
with certain holders of 3.625 percent senior notes.
[ID:nWNAB5035]

HASBRO (HAS.N)

The toy company reported first-quarter earnings that met
expectations and a drop of 12 percent in its quarterly sales.
[ID:nN20358100]

Shares slid 3.1 percent to $27.06.

DISCOVERY LABS (DSCO.O)

Shares plummeted 50 percent to 90 cents after the FDA
declined to approve the company's respiratory illness drug for
infants. [ID:nBNG445146]

EATON CORP (ETN.N)

Shares slid 10.4 percent to $40.11 after it cut its 2009
earnings outlook, saying economies in the U.S. and Western
Europe wouldn't start to recover until 2010. [ID:nN17345358]

AMERICAN INTERNATIONAL GROUP (AIG.N)

The company has delayed filing its annual proxy statement,
as it weighs a potential reshuffle of its board, according to a
report in the Wall Street Journal. [ID:nBNG237922]

Shares of the insurance company slid 17.3 percent to
$1.34.

PHARMASSET (VRUS.O)

Shares slid 9.1 percent to $8.41 after the pharmaceutical
company stopped a late-stage study of a hepatitis B treatment.
[ID:nBNG444649]

AGRIUM

Shares of the fertilizer maker are cheap and should climb
as the global economy and corn prices recover, Barron's
reported on Sunday. [ID:nN19342149]

U.S.-listed shares of Agrium fell 3 percent to $38.86.

PRINCIPAL FINANCIAL GROUP (PFG.N)

Barron's wrote that shares of Principal had been unfairly
punished, and that the stock could rebound, citing its steady
money management arm and lack of exposure to guarantees that
back variable annuities. [ID:nN19264786]

Shares of Principal fell 8.3 percent to $13.50.

BREITBURN ENERGY PARTNERS LP (BBEP.O)

The independent oil and gas company on Friday said it would
temporarily suspend its dividend. [ID:nBNG410325]

Shares dropped 32 percent to $5.97.
(Reporting by Ryan Vlastelica; Editing by James Dalgleish)