HEADLINE STOCKS-U.S. stocks on the move on Oct 3

NEW YORK, Oct 3 (Reuters) -U.S. stocks on the move on
Friday:

WACHOVIA CORP

WELLS FARGO & CO

Wachovia shares soared more than 70 percent on news that it
approved a merger proposal from Wells Fargo. Wells Fargo shares
gained 7.8 percent to trade at $37.81 while Wachovia shares
advanced 74 percent to $6.81. For details, see

CITIGROUP

Shares of the Dow component fell after a merger deal was
announced between Wachovia Corp and Wells Fargo & Co that
scupper a previously announced deal in which Citigroup, backed
by the government, was to buy parts of Wachovia. Citigroup
shares lost 11 percent to trade at $19.98. For more, see


AMERICAN INTERNATIONAL GROUP

Company intends to refocus on core property and casualty
insurance businesses.

Shares gained 18 percent to $4.72.

The casino and racetrack operator warned of a third-quarter
shortfall and was downgraded to hold from buy at Deutsche Bank.
Penn National shares fell 15 percent to $19.82.

MAGNA INTERNATIONAL
Oleg Deripaska divests his 20 percent stake in the auto
parts manufacturer.

Shares dropped 14 percent to $39.11

Sees fair value derivatives loss of $951 million at current
market prices.
Shares fell 17 percent to $29.53.

MORGAN STANLEY

Mitsubishi UFJ Financial Group will consider
merging its securities arm with Morgan Stanley's Japan
business, as Tokyo's biggest lender looks to capitalize on its
$9 billion Wall Street investment.
Morgan Stanley shares advanced 11 percent to $25.74.

FIRST INDUSTRIAL FR.N

Company updates 2008 outlook and sees 2009 earnings well
below estimates.

Shares plunged 20 percent to $21.99 on the NYSE.

TLC VISION
The provider of laser vision-correction services expects
third-quarter procedure volume to drop on reduced demand for
Lasik surgery.
AGILYSYS INC agys.o

Sets a quarterly dividend of 3 cents

Shares rose 16 percent to $6.97. The shares fell steeply on
Thursday after the company reduced its 2009 revenue outlook.