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HEADLINE STOCKS-Some U.S. stocks on the move on July 2

Thu Jul 2, 2009 2:35pm EDT

Stocks

   

(Updates to afternoon trading, adds Boeing, Acuity, Coeur D'Alene, Carnival Corp and TiVo. Updates Walgreen entry with Rite Aid)

NEW YORK, July 2 (Reuters) - Some U.S. stocks on the move on Friday:

ELAN CORP (ELN.N)

JOHNSON & JOHNSON (JNJ.N)

J&J will take over most of Elan's Alzheimer's research and invest $1 billion in new Elan equity in exchange for an 18.4 percent stake in the drugmaker. [ID:nL2891369]

U.S.-listed shares of Elan surged 13 percent to $7.94 while J&J, a Dow component, was down 1.5 percent to $56.19.

EXELON CORP (EXC.N)

NRG ENERGY INC (NRG.N)

Exelon raised its hostile takeover bid for NRG to $7.45 billion, citing newly identified cost savings and NRG's recent acquisition of Reliant Energy's retail business. [ID:nBNG512453]

Shares of Exelon fell 4.1 percent to $49.45 while NRG fell 5.1 percent to $24.73 after rising in premarket.

BOEING CO (BA.N)

The planemaker delivered 125 commercial aircraft during its second quarter, down one delivery from the year-ago period. [ID:nN0264659]

Shares of the Dow component sank 2.9 percent to $41.

CARNIVAL CORP & PLC (CCL.N)

The cruise ship operator said it was offering up to 25 million newly-issued common shares listed on the London Stock Exchange. [ID:nN027992]

Shares fell 3.8 percent to $25.27 on the New York Stock Exchange.

FCSTONE GROUP INC FCSX.O

INTERNATIONAL ASSETS HOLDING CORP (IAAC.O)

International Assets agreed to buy FCStone in an all-stock deal valued at about $130 million. [ID:nBNG513528]

Shares of FCStone fell 4.1 percent to $3.97 while International Assets fell 12 percent to $13.84.

TIVO INC (TIVO.O)

Shares of the company fell 14 percent to $9.22 a day after EchoStar Corp (SATS.O) and DISH Network Corp (DISH.O) won a temporary stay to avoid disabling millions of digital video recorders said to infringe TiVo's technology. [ID:nN02537801]

COEUR D'ALENE MINES CORP (CDE.N)

The company said it lowered its convertible debt by 37 percent in the first half of 2009, trimming the debt through a series of privately negotiated deals. [ID:nN022358]

Shares fell 4.1 percent to $12.41 on the New York Stock Exchange.

WALGREEN CO (WAG.N)

RITE AID CORP (RAD.N)

The companies reported their June sales data. Walgreen same-store sales rose 3.4 percent, while comparable sales at Rite Aid fell 0.6 percent in the month. [ID:nN02514194]

Walgreen shares fell 1.3 percent to $28.97 while Rite Aid shares dropped 9.7 percent to $1.39.

XILINX INC (XLNX.O)

The chip maker lowered its quarterly sales outlook, citing supply constraints on some Virtex-5 devices. [ID:nN02544300]

Shares were flat at $20.57 after falling to a session low of $19.66 in early trading.

U.S. BANCORP (USB.N)

The bank is eyeing expansion in the western United States, as it prepares to soon extinguish the government warrants to buy its stock, Chief Executive Richard Davis said. [ID:nN01528998]

Shares fell 1.5 percent to $17.32.

UNITEDHEALTH GROUP (UNH.N)

A U.S. federal judge granted UnitedHealth final approval for the settlement of a 2007 shareholder lawsuit related to past stock options practices, court documents show. [ID:nBNG484252]

Shares fell 4.4 percent to $24.06.

ACURA PHARMACEUTICALS INC (ACUR.O)

KING PHARMACEUTICALS INC (KG.N)

The Food and Drug Administration denied approval to Acura's and King's pain drug Acurox, raising questions on the potential abuse deterrent benefits of the drug. [ID:nBNG178744]

Shares of Acura edged 0.2 percent lower to $5.90 while King was down 2.2 percent to $9.60.



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