HEADLINE STOCKS-Some U.S. stocks on the move on June 29

Mon Jun 29, 2009 10:07am EDT
 
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(Updates to after the open, adds Royal Caribbean, Biogen, Teva, First America/First Advantage)

NEW YORK, June 29 (Reuters) - Some U.S. stocks on the move on Monday:

STATE STREET CORP (STT.N)

The U.S. Securities and Exchange Commission provided the company's principal subsidiary with a "Wells" notice related to an ongoing SEC investigation into the disclosure and management by State Street global advisors of certain active fixed-income strategies during 2007 and prior periods. [ID:nN29355479]

Shares fell 1.5 percent to $47.55.

UBS AG (UBS.N)

The bank will pay $2.77 billion to $4.62 billion in the next two weeks to settle a tax probe, according to Swiss newspaper Sonntag. [ID:nLS407218]

U.S-listed shares fell 2.8 percent to $11.96.

FIRST AMERICAN CORP (FAF.N)

FIRST ADVANTAGE CORP (FADV.O)

First American offered to buy the 26 percent of First Advantage that it doesn't already own for about $218 million of stock. [ID:nN29377151]

Shares of First American slid 0.3 percent to $26.04 while First Advantage surged 16 percent to $14.74.

BIOGEN IDEC INC (BIIB.O)

A 10th patient taking the company's multiple sclerosis drug Tysabri has developed a potentially deadly brain infection since it was reintroduced to the market in July 2006.

The company released the news on its website on Friday. [ID:nN2980046]

Shares slid 4 percent to $48.05.  Continued...

 

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