HEADLINE STOCKS-Some U.S. stocks on the move on Dec 1

 (Updates to midday trade)

 NEW YORK, Dec 1 (Reuters) - Some U.S. stocks on the move
on Monday:

 MENTOR CORP (MNT.N)

 JOHNSON & JOHNSON (JNJ.N)

 Johnson & Johnson said it would buy Mentor for $1.07
billion. [ID:nWNAB8357]

 Mentor shares surged nearly 90 percent to $30.59 on Monday
while Johnson & Johnson, a Dow component, fell 3.2 percent to
$56.71. Both trade on the New York Stock Exchange.

 GENERAL MOTORS (GM.N)

 FORD MOTOR (F.N)

 The ailing U.S. car manufacturers have approached the
Swedish government about aid for their Saab and Volvo units,
the Financial Times said. GM, which owns Saab Automobile AB,
and Ford, which owns Volvo Car Corp, want Sweden to bolster
the units' finances in anticipation of selling them, the
newspaper said. Sales of Saabs and Volvos have fallen as the
global financial crisis has affected more prospective car
buyers across the world. [ID:nL1712342]

 Shares of GM, a Dow component, lost 5.5 percent to $4.95
at midday Monday on the NYSE, after earlier rising to as high
as $5.75.

 In contrast, Ford's stock advanced 2.6 percent to $2.76.

 MICROSOFT CORP (MSFT.O)

 YAHOO INC (YHOO.O)

 A report that Microsoft is in talks to buy Yahoo is "total
fiction," according to a key executive, who was cited in the
blog AllThingsDigital. [ID:nLU136986] The blog is affiliated
with The Wall Street Journal.

 Shares of Microsoft, a Dow component, slid 3.6 percent to
$19.51, while Yahoo shares shed 4.3 percent to $11.01, both on
Nasdaq.

 UNITEDHEALTH GROUP (UNH.N)

 The health insurance company forecast 2009 earnings of
$2.90 to $3.15 a share and revenue of $85 billion to $86
billion. [ID:nWEN1137]

 UnitedHealth's stock rose 3.6 percent to $21.76.

 DELTA AIR LINES (DAL.N)

 BOEING CO (BA.N)

 Delta, which bought Northwest Airlines in October, plans
to scale back a Northwest order for Boeing's (BA.N) new 787
Dreamliner jet, which has been delayed, according to The Wall
Street Journal.

 In addition, Delta is expanding its own order for Boeing's
777-200LR aircraft, the newspaper said. [ID:nBNG274679]

 Delta's stock lost 4.8 percent to $8.39 on Monday, while
Boeing shares dropped 3.5 percent to $41.12.

 TOWER SEMICONDUCTOR (TSEM.TA)(TSEM.O)

 The Israeli chip maker has started to lay off 17 percent
of its work force in Israel, according to a report on
TheMarker financial news website. [ID:nL1377562]

 U.S.-listed shares of Tower fell 5.2 percent to 21 cents
on Nasdaq.

 MIDWAY GAMES (MWY.N)

 Media mogul Sumner Redstone sold his controlling stake in
Midway to a private investor in an attempt to ease his debt
load, according to a report in The Wall Street Journal.
[ID:nBNG394183]

 Midway shares slid 18.4 percent to 31 cents on Monday on
the NYSE.

 DOW CHEMICAL (DOW.N)

 Kuwait is looking to reduce its portion of the cost of a
planned petrochemical joint venture with Dow Chemical by as
much as $2 billion, according to a Kuwaiti oil official.
[ID:nL1498640]

 Dow Chemical's stock dipped 0.1 percent to $18.55.

 AMERICAN INTERNATIONAL GROUP (AIG.N)

 The insurer agreed to sell its wealth management provider
AIG Private Bank for $254 million to investment company Aabar
Investments of Abu Dhabi. [ID:nBNG409492]

 AIG's stock shed 9.5 percent to $1.81 on Monday.

 CITIGROUP (C.N)

 Spanish builder Sacyr Vallehermoso sold its Itinere
highway business for $10.2 billion to a Citigroup-owned
private equity fund. [ID:nL1239320]

 The stock of Citigroup, a Dow component, fell 13 percent
to $7.24 on the NSYE in late morning trading.

 GENERAL GROWTH PROPERTIES GGP.N

 The shopping mall owner won a two-week extension on the
maturity of $900 million in mortgage loans, giving it a
reprieve as it talks to its lenders about a longer-term
extension. [ID:nN30456879]

 General Growth's stock slid 11.6 percent to $1.21 on
Monday in NYSE trading.
 (Compiled by Ryan Vlastelica; Editing by Jan Paschal)