HEADLINE STOCKS-U.S. stocks on the move on Sept 16

(Updates to open, adds ImClone)

NEW YORK, Sept 16 (Reuters) - Some U.S. stocks on the move
on Tuesday:

AMERICAN INTERNATIONAL GROUP (AIG.N)

Shares of the insurer fell 50 percent to $2.37 as worries
continued to mount about its ability to raise desperately
needed capital. At one point they were down nearly 68 percent.
Ratings agencies cut AIG's credit ratings late on Monday while
New York state officials brokered a complex asset swap that
provided a $20 billion lifeline, though the rescue plan still
depends on additional funding. For details, see
[ID:nN15279674]

GOLDMAN SACHS (GS.N)

Goldman Sachs Group said on Tuesday third-quarter earnings
plunged 70 percent as one of the worst market slumps ever
weighed on banking and trading results. The largest U.S.
investment bank reported net income of $845 million, or $1.81 a
share, for the quarter ended Aug. 29, down from $2.85 billion,
or $6.13 a share, a year ago. The stock was down 6.4 percent at
$126.78 on the New York Stock Exchange. [ID:nN16313214]

WASHINGTON MUTUAL (WM.N)

Shares in the savings-and-loan were down about 7 percent at
$2.14 a day after it was downgraded to "junk" status by
Standard & Poor's. [ID:nN15321032]

BANK OF AMERICA (BAC.N)

MERRILL LYNCH MER.N

Bank of America shares were down 6.3 percent at $28.22
after the bank agreed to buy Merrill Lynch MER.N for $29 a
share. Merrill shares were up 12 percent at $19.10.

BARCLAYS (BARC.L) (BCS.N)

The British bank is near a deal to buy failed investment
bank Lehman Brothers' core U.S. broker-dealer business, a
person familiar with the matter said. Barclays shares fell 1
percent to $21.26. [ID:nHKG15677]

DELL INC (DELL.O)

Shares of the computer maker fell more than 10 percent to
$16.18 on Nasdaq after the company said it sees further
softening in technology demand. [ID:nWNAB1325]

BEST BUY CO INC (BBY.N)

Shares of top U.S. electronics chain fell 9.3 percent to
$39.66 on Tuesday after the company reported a
worse-than-expected 19 percent decline in second-quarter
earnings. For details, see [ID:nN15299065]

IMCLONE SYSTEMS IMCL.O

ImClone shares fell 3.2 percent to $61.66 after chief
financial officer of U.S. drugmaker Bristol-Myers Squibb
(BMY.N) said the firm could abandon its bid for the biotech
company. [ID:nLG612276]
(Reporting by Steven C. Johnson; Editing by James Dalgleish)