Loxo Oncology Dollar Tree and Schlumberger rise PGE sinks

first_imgNEW YORK — Stocks that moved substantially or traded heavily Monday:Loxo Oncology Inc., up $92.78 to $232.65Eli Lilly agreed to buy the cancer drug developer for about $8 billion.PG&E Corp., down $5.45 to $18.95Reuters reported that the California utility might file for bankruptcy as it faces big liabilities connected to deadly wildfires.Dollar Tree Inc., up $5.07 to $97.96Activist investment firm Starboard Value disclosed an investment in the discount retailerGeneral Electric Co., up 51 cents to $8.74Bloomberg News reported that private equity firm Apollo Global Management might try to buy GE’s aircraft leasing business.Intercontinental Exchange Inc., down $2.29 to $73.38A group of Wall Street firms is getting ready to launch a new, low-cost stock exchange.Schlumberger NV, up $1.08 to $40.17Energy company stocks gained as oil prices rose for the seventh day in the last eight.NuVasive Inc., down $4.60 to $45.45The spinal device maker said equipment sales were delayed in the fourth quarter and surgical procedures slowed.Lowe’s Cos., up $1.78 to $95.65Shares in retailers climbed Monday as U.S. service companies reported a strong increase in new orders in December.The Associated Presslast_img

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