HEADLINE STOCKS-Some U.S. stocks on the move on June 22

(Updates to afternoon trading, adds Goldman Sachs, Ameristar, Valspar, LodgeNet, Medarex, CBS, Eastman Kodak and FelCor; updates Merck)

NEW YORK, June 22 (Reuters) - Some U.S. stocks on the move on Monday:

MERCK & CO (MRK.N)

SCHERING-PLOUGH CORP SGP.N

The two pharmaceutical companies have received requests from U.S. antitrust regulators for more information on their proposed merger. [ID:nN22493168]

In addition, Merck launched a $4.25 billion four-part debt sale, said IFR, a Thomson Reuters service. [ID:nN22507353]

Shares of Merck, a Dow component, slid 2.5 percent to $25.27 while Schering-Plough shares were down 1.6 percent to $23.42.

WALGREEN CO (WAG.N)

The company reported third-quarter results including a rise of 8 percent in sales. [ID:nN22495005]

Shares slid 6 percent to $29.56.

FELCOR LODGING (FCH.N)

Shares sank 7.9 percent to $2.21 on continuing concerns about the hotel real estate investment trust's debt levels. [ID:nN22503894]

EXXONMOBIL CORP (XOM.N)

Exxon, the operator of a liquefied natural gas project in Papua New Guinea, is nearing agreement on sales with three major buyers in Asia, putting the project on track for a final investment decision later this year. [ID:nSYD476906]

Shares of the Dow component fell 2.6 percent to $69.24.

EASTMAN KODAK (EK.N)

The company is stopping production of its Kodachrome film brand because of competition from digital cameras. [ID:nN22495892]

Shares sank 6 percent to $2.68.

JPMORGAN CHASE & CO (JPM.N)

Billionaire Len Blavatnik is planning to file a lawsuit against JPMorgan, accusing the bank of mismanaging an investment account that held $1 billion in assets owned by Blavatnik's industrial holding company, Access Industries, according to a report in the New York Times.

JPMorgan called the lawsuit "meritless."

[ID:nBNG439542]

Shares of JPMorgan, a Dow component, fell 4.1 percent to $33.57.

CBS CORP (CBS.N)

The broadcasting company named Joseph Ianniello chief financial officer and executive vice president, effective July 20. Ianniello has served as deputy CFO since November. He succeeds Fred Reynolds, who is retiring. [ID:nWNBB0005]

Shares fell 5.2 percent to $6.96.

MARVELL TECHNOLOGY GROUP LTD (MRVL.O)

The company raised its second-quarter revenue outlook, citing improvement in demand for its products. [ID:nBNG441050]

Shares fell 4 percent to $11.53 after rising in early trading.

MEDAREX INC MEDX.O

Shares soared 16 percent to $8.54 after a Mayo Clinic report that two patients being treated in a mid-stage trial with its experimental cancer drug are now cancer-free. [ID:nBNG498210]

GOOGLE INC (GOOG.O)

T-Mobile USA will begin selling a new smartphone using Google Android operating software in August. The new phone, which will cost $199, was described as slimmer and more advanced than the current version. [ID:nN18408542]

Shares of Google fell 3.8 percent to $404.15.

GOLDMAN SACHS GROUP INC (GS.N)

Sandler O'Neill wrote that the company's repaying of TARP money would be a long-term positive, but a negative for its second-quarter earnings. [ID:nWNAB1670]

Shares fell 2.8 percent to $139.10.

AMERISTAR CASINOS INC (ASCA.O)

JPMorgan upgraded the company to overweight, citing reasonable investor expectations and attractive valuation. [ID:nBNG100644]

Shares gained 3.8 percent to $18.80.

VALSPAR INC (VAL.N)

Citigroup upgraded the stock to hold, citing results from recent channel checks.

Shares rose 1.2 percent to $22.38.

INTEL CORP (INTC.O)

Citigroup raised its estimates on the company, saying gross margin upside was likely. The price target was raised by $1 to $21.

Shares of the Dow component fell 2 percent to $15.69.

CITIGROUP INC (C.N)

Fox-Pitt forecast possible "significant pressure" on the bank's stock after an upcoming conversion of public preferred shares to common shares.

Shares fell 5.1 percent to $3.01.

WATERS CORP (WAT.N)

Robert W. Baird upgraded the company to outperform, citing a weaker U.S. dollar and stabilizing big pharmaceutical company demand. [ID:nBNG110911]

Shares rose 0.5 percent to $49.30.

E*TRADE FINANCIAL CORP (ETFC.O)

Fox-Pitt upgraded the stock to "in-line" from "underperform," saying a recent capital raise should provide a sufficient cushion for the company through the first quarter of 2010. It also expects the company to either be bought or go bankrupt. [ID:nWNAB1653]

Shares slid 2.4 percent to $1.23.

LODGENET INTERACTIVE CORP (LNET.O)

The company is planning to sell $50 million in convertible preferred stock and use the proceeds partly to reduce debt. [ID:nBNG499448]

Shares tumbled 24 percent to $3.43.

APPLE INC (AAPL.O)

The tech company said it sold more than one million units of its iPhone 3GS model since it went on sale on Friday. [ID:nN22405730]

Shares fell 1.8 percent to $136.92.

SIRIUS XM RADIO INC (SIRI.O)

The company will offer $350 million in senior secured notes due 2013 and will use the proceeds from the offering to repay all amounts outstanding under its amended, restated credit agreement. [ID:nWNAS6822]

Shares rose 7.4 percent to 37 cents.

YAHOO INC (YHOO.O)

The Internet company late Friday said it would incur $22 million to $27 million in restructuring charges in the current quarter to account for previously announced layoffs of five percent of its staff. [ID:nN19465305]

Shares fell 5.9 percent to $14.87.

DOW CHEMICAL CO (DOW.N)

China National Chemical Corp has retained JPMorgan to advise it on a bid for Dow's agrosciences unit, sources said on Monday. [ID:nLM145131]

Shares sank 5.6 percent to $15.39.

MICROSOFT CORP (MSFT.O)

Barron's called shares of the software company "super cheap," and wrote that it expects growth from new software and the company's new Bing search engine. [ID:nN21198896]

Shares of the Dow component fell 2.8 percent to $23.39.

SMITH & WESSON HOLDING CORP (SWHC.O)

STURM RUGER & CO (RGR.N)

Barron's wrote that shares of the gun makers were likely to fall on a drop in sales. The publication added that sales had risen recently on fears that the Obama administration would reinstate bans. [ID:nN21482597]

Shares of Smith & Wesson slid 4.6 percent to $5.75 while Sturm was down 7.7 percent to $11.76.

CARMAX INC (KMX.N)

The used car retailer posted a better-than-expected quarterly profit on stronger sales execution, prompting at least one analyst upgrade. [ID:nBNG258036]

Shares fell 7.9 percent to $14.10.

FOCUS MEDIA HOLDING LTD (FMCN.O)

The digital advertising company reported a narrower-than-expected quarterly loss on Friday and forecast higher revenue for the second quarter. [ID:nBNG460057]

Shares were 5.4 percent lower at $7.03. (Reporting by Ryan Vlastelica; Editing by James Dalgleish)