HEADLINE STOCKS-Some U.S. stocks on the move on Sept. 8

Tue Sep 8, 2009 3:06pm BST
 
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(Updates to after the open, adds Las Vegas Sands, Pharmasset, Barrick, Osiris, Facet/Biogen, Boyd Gaming)

NEW YORK, Sept 8 (Reuters) - Some U.S. stocks on the move on Tuesday:

KRAFT FOODS INC (KFT.N), $26.30, down 6.4 pct

The food group and Dow component went public with a $16.7 billion bid for Cadbury (CBRY.L), which the company rejected. [ID:nN08267441]

GENERAL ELECTRIC CO (GE.N), $14.60, up 5.2 pct

JPMorgan upgraded the Dow component to "overweight" and said that any news on company fundamentals could be magnified. [ID:nBNG44387]

FACET BIOTECH CORP (FACT.O), $16.06, up 4.2 pct

BIOGEN IDEC INC (BIIB.O), $51.70, up 1.3 pct

Facet rejected an unsolicited bid by Biogen to acquire it for $14.50 a share, saying the offer was inadequate and not in the best interests of shareholders. [ID:nN08267069]  Continued...

 

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