STOCKS NEWS US-Dendreon shares rise, files for cancer vaccine

Stocks on the move Real-time Equity news U.S. stock market report 0922 EST 02Nov2009-Dendreon shares rise, files for cancer vaccine ------------------------------------------------------------------------------ Shares of Dendreon Corp rose in premarket trading on Monday, after the company said it had completed the U.S. regulatory submission for its experimental prostate cancer vaccine. The company expects regulators to respond by mid-2010. For details, see The stock rose 4.7 percent to $26.45 in premarket trading. Reuters Messaging: [e-mail] 0917 EST 02Nov2009-Royal Caribbean shares rise after upgrade ------------------------------------------------------------------------------ Shares of Royal Caribbean Cruises rose in premarket trading on Monday, after Wells Fargo Securities upgraded the stock to "outperform" from "market perform." The firm cited the benefits of Royal Caribbean's newer ships, as well as cost-saving measures that are already in place at the company. For details, see The stock was up 2.7 percent to $20.77 before the bell. Reuters Messaging: [e-mail] 0903 EST 02Nov2009-GTx shares tumble after FDA rejects drug ------------------------------------------------------------------------------ Shares of GTx Inc tumbled on Monday after the company said the Food and Drug Administration denied approval for its experimental drug to reduce fractures in men with prostate cancer. The FDA cited clinical deficiencies and asked the company to conduct a second late-stage study. For details, see Shares sank 34 percent to $5.91 before the bell. Reuters Messaging: [e-mail] 0850 EST 02Nov2009-Citigroup upgrades Motorola; cuts Palm, RIMM ----------------------------------------------------------------------------- Citigroup raised its rating on Motorola Inc to "buy" from "hold" on Monday, while cutting peer Palm Inc to "sell" from "hold." The rating on Research In Motion Ltd was also downgraded to "sell" from "buy." Motorola shares rose 5 percent premarket to $9, while Palm fell 2.15 percent to $11.36. Research In Motion also shed 2.7 percent to $57.18. Reuters Messaging: [e-mail] 0837 EST 02Nov2009-LDK shares down after Q-Cells ends supply pact ------------------------------------------------------------------------------ Shares of LDK Solar Co Ltd fell premarket after Q-Cells AG said it ended a wafer supply agreement with the company. Q-Cells said LDK hadn't fulfilled "significant contractual obligations" in their agreement. For details, see Shares of LDK sank 7.4 percent to $6.28 before the bell. Reuters Messaging: [e-mail] 0823 EST 02Nov2009-CF Industries lifts cash portion of hostile offer for Terra ------------------------------------------------------------------------------ CF Industries Holdings Inc raised the cash portion of its hostile offer for Terra Industries Inc on Sunday. The new bid is about 5 percent higher than the previous one. CF said it offered to acquire Terra for $32 in cash -- including a $7.50 special dividend that Terra plans to pay -- and 0.1034 of a share of CF common stock for each Terra share. That would amount to $40.61 per share, based on CF's Friday closing price, and represents a 28 percent premium to Terra's Friday closing price, the company said in a statement. For details, see Shares of Terra gained 12 percent to $35.72 in premarket trading, while CF was down 0.6 percent to $82.75. Reuters Messaging: [e-mail] Keywords: MARKETS STOCKSNEWS COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved.

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