BUZZ-U.S. Stocks on the Move-Sinocoking, Netflix, Tiffany, Revolution
(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter, link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) U.S. stocks rose at the open on Tuesday, pushing the Dow and S&P 500 further into record territory, following a reading on economic growth that was much stronger than expected. The Dow Jones industrial average was down 0.01 percent at 17,816.77 and the S&P 500 was up 0.03 percent at 2,069.99.
** SINOCOKING COAL AND COKE CHEMICAL INDUSTRIES, $3.901, +37.84 pct
The coal and coke processor says its aboveground plant for conversion of carbon dioxide into clean-burning syngas has achieved its initial production target of 25,000 cubic meters per hour. The company also said that gross revenue generated per day by facility is about $83,280, based on syngas price of $0.139 per cubic meter.
** REVOLUTION LIGHTING TECHNOLOGIES INC, $1.25, -14.97 pct
The LED bulb maker prices offering of 8 mln shares, or about 10 pct of total shares outstanding, at $1.25/share. The pricing is at a discount of 15 percent to the stock's Monday close of $1.47. The company said it intends to use proceeds for general corporate purposes, including working capital and to finance possible acquisitions.
** WORKDAY INC, $87.61, -5.28 pct Continuación...