HEADLINE STOCKS-Some U.S. stocks on the move on Sept. 24
(Updates to after the open, adds National Semiconductor, American Greeting, Steelcase, Red Hat, Citrix, Vail, First Financial, Cephalon, Vical, Scholastic, Genzyme, TradeStation)
NEW YORK, Sept 24 (Reuters) - Some U.S. stocks on the move on Thursday:
CITIGROUP INC (C.N), $4.61, up 2 pct
The bank plans to cut down its U.S. branch network to six big metropolitan areas, according to a late Wednesday report in the Wall Street Journal, which cited people familiar with the situation. [ID:nN23423147]
ELECTRONIC ARTS INC (ERTS.O), $19.26, down 2.9 pct
A Microsoft Corp (MSFT.O) executive said the software company had no plans to buy Electronic Arts, shooting down unsubstantiated talk of a potential bid that triggered a spike in the video game publisher's shares. [ID:nT61813]
VISA INC (V.N), $73.15, down 1 pct
MASTERCARD INC (MA.N), $218.55, down 0.4 pct
The GVH, Hungary's competition authority, ruled that the two companies formed an illegal bank card intercharge-fee cartel. [ID:nLO97514]
RITE AID CORP (RAD.N), $1.73, down 11 pct
The company posted a narrower quarterly loss as cost cuts helped offset a decline in sales, but trends remain negative, leading it to forecast a deeper loss for the year. [ID:nN24396230]
NATIONAL SEMICONDUCTOR CORP (NSM.N), $15.18, up 1.8 pct
Citigroup upgraded the company to "buy" from "hold," expecting the National Semi to expand its gross margins in 2010. [ID:nBNG200251]
SCHOLASTIC CORP (SCHL.O), $25.33, up 3.3 pct
The company reported a first-quarter loss that narrowed from the prior year. [ID:nBNG183839] Continued...
