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

Tue Sep 8, 2009 6:46pm BST
 
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(Updates to afternoon trading, adds Atheros/Intellon, AIG, McGraw-Hill, Opexa, MEMC Electronic, Harley-Davidson, UMC, Teekay, Fairfax, CAS Medical, UCBH, First Solar, Micron, Sprint/Palm)

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

KRAFT FOODS INC (KFT.N), $26.60, down 5.4 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), $14.54, up 4.8 pct

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

ATHEROS COMMUNICATIONS INC (ATHR.O), $27.06, down 3.3 pct

INTELLON CORP (ITLN.O), $7.11, up 42 pct

Atheros agreed to buy Intellon for about $244 million in cash and stock. It also raised its third-quarter outlook. [ID:nBNG441250]  Continued...

 

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