NeoRx (NERX) was soaring 35 3/4, or 166.7%, to 58 after it said the Proceedings of the National Academy of Sciences, a peer-reviewed manuscript, reported that a single dose of NeoRx's proprietary Pretarget technology cured human lung, colon and breast cancers implanted in mice. The company said the manuscript appears in the Feb. 15 issue of the journal. NeoRx said the results were accomplished with a single dose of radioactivity developed with NeoRx's Pretarget technology.

MGM Grand

(MGG)

has agreed to buy

Mirage Resorts

(MIR)

for $21 a share in cash, or $4.4 billion. MGM Grand previously offered to buy Mirage for $17 a share. MGM Grand will also assume Mirage's outstanding debt of about $2 billion. The companies expect the deal to be completed during the fourth quarter. MGM Grand expects the acquisition to be accretive to earnings per share immediately and increasingly so in subsequent years. MGM Grand bounced 1/2 to 19 1/2 and Mirage popped 2 7/8, or 18.1%, to 18 3/4.

Mergers, acquisitions and joint ventures

In conjunction with its pending merger with

AMFM

(AMFM)

,

Clear Channel Communications

(CCU) - Get Report

said it has entered into pacts regarding the proposed divestiture of 72 stations in 27 markets. One of the companies buying some of those radio stations is

Infinity Broadcasting

(INF) - Get Report

, which is acquiring 18 radio stations from Clear Channel for $1.4 billion. Clear Channel declined 3 3/8 to 69, while Infinity fell 15/16 to 33 13/16.

Eclipsys

(ECLP)

stumbled 2, or 7.4%, to 24 7/8 after it said it would try to oust the majority of

Shared Medical Systems'

(SMS)

board after Shared Medical rejected a $2 billion takeover bid from Eclipsys on Friday. Eclipsys said that it has filed a formal proposal to elect four independent directors to Shared Medical's board. Shared Medical shed 2 7/8 to 60 5/8.

Elan

(ELN)

, an Irish pharmaceutical firm, is buying

Liposome

(LIPO)

. Under terms of the deal, Liposome shareholders will receive 0.3850 of an Elan ADS for each share of Liposome stock they own, or $15.28 a share, based on Elan's closing price last Friday, for an aggregate amount of $575 million.

Liposome, a biopharmaceutical company that develops, manufactures and markets therapeutic products to treat cancer and related diseases, closed Friday at 14 3/8. Also, Elan may make a cash payment to Liposome shareholders of up to $98 million, contingent in part on the approval of

Evacet

by the

European Union

, and in part on Evacet reaching certain sales milestones outside the U.S. Elan gained 5/8 to 40 5/16 and Liposome lifted 1/2 to 14 7/8.

Genzyme

(GENZ)

said it has entered a cash and stock deal to buy

BioMatrix

(BXM)

. According to the terms, the deal would merge

Genzyme Tissue Repair

(GZTR)

and

Genzyme Surgical Products

(GZSP)

with BioMatrix to form a new division called

Genzyme Biosurgery

. The new unit, which would have a combined market cap of $1.3 billion, will manufacture biosurgury products including films and gels. Genzyme tacked on 1 1/4 to 61 5/8 and BioMatrix bounced 1 9/16 to 35 7/8. Genzyme Tissue Repair advanced 1 3/8, or 15%, to 10 1/2 and Genzyme Surgical Products gained 1 13/16, or 10.9%, to 18 5/16.

Hain Food

(HAIN) - Get Report

said it has entered a $390 million stock deal to buy

Celestial Seasonings

(CTEA)

. Hain Food slipped 3 3/4, or 11.5%, to 28 5/8 and Celestial Seasonings declined 3/4 to 34 3/4.

Lockheed Martin

(LMT) - Get Report

said it was awarded a $6.4 billion contract to supply the United Arab Emirates with 80 F-16 fighter jets, reported

The Wall Street Journal

.

Goldman Sachs

upped its rating on Lockheed and

Northrop Grumman

(NOC) - Get Report

to market outperformer from market performer ratings. Lockheed climbed 1 3/16, or 6.9%, to 18 1/8 and Northrop Grumman lifted 1 7/8 to 46 1/4.

Nortel Networks

(NT)

and

Koor

said they agreed to a deal to set up

Nortel Networks Israel

. Nortel Networks added 2 1/4 to 122 3/4.

Qwest

(Q)

confirmed that it was negotiating with a large telecom carrier,

The Wall Street Journal

reported. Qwest said any agreement would be made in conjunction with its planned merger partner,

U S West

(USW)

. Last week, media outlets reported that Qwest was in talks with

Deutsche Telekom

(DT) - Get Report

. Qwest shed 5 9/16, or 8.6%, to 58 7/16 and U S West stumbled 13/16 to 74 5/16, while Deutsche Telekom tacked on 1/16 to 98 11/16.

Telewest

(TWSTY)

advanced 2 to 75 after it said it has entered a joint venture with

Andersen Consulting

to create interactive broadband communication services. The company would focus on interactive TV on the Web, music pay per view and e-banking.

VS&A Communications Partners III

, a private equity affiliate of New York media merchant bank

Veronis, Suhler & Associates

, is buying

Data Transmission Network

(DTLN)

for $29 a share in cash. Data Transmission Network hopped 3 3/4, or 15%, to 28 3/4.

Earnings/revenue reports and previews

(

Earnings estimates from First Call/Thomson Financial; earnings reported on a diluted basis unless otherwise specified.

)

Circuit City

(CC) - Get Report

declined 2 5/16, or 5.6%, to 39 after it said it expects to post fiscal 2000 earnings of $1.60 a share, beating the 19-analyst estimate of $1.57.

LCA-Vision

(LCAV)

added 9/16, or 10.4%, to 5 15/16 after it expects first-quarter laser vision correction procedures to be at least 20% higher than the 8541 it did in the fourth quarter and 40% higher than the year-ago period.

United Natural Foods

(UNFI) - Get Report

slid 1/8 to 10 3/4 after it posted a second-quarter loss of 7 cents a share, wider than the six-analyst estimate of a 5-cent loss.

Offerings and stock actions

China.com

(CHINA)

jumped 5 1/8 to 152 after it set a 2-for-1 stock split.

CVS

(CVS) - Get Report

tacked on 9/16 to 31 after it said it will buy back up to $1 billion of its stock.

Dow Chemical

(DOW) - Get Report

plans a future 3-for-1 stock split, pending shareholder approval to authorize additional shares in proportion to the planned stock split. Dow said the proposal isn't related to Dow's pending merger with

Union Carbide

(UK)

. Dow Chemical slid 4 3/8 to 105 3/8 and Union Carbide stumbled 2 7/16 to 50 1/2.

Predictive Systems

(PRDS)

slipped 1 3/16 to 56 5/16 after it said it filed for a 3.8 million secondary offering.

Williams-Sonoma

(WSM) - Get Report

Sank 13, or 42%, to 17 7/8 after it estimated fourth-quarter earnings will come in between 81 to 82 cents a share, well below the

First Call/Thomson Financial

16-analyst estimate of 94 cents.

Analyst actions

Bear Stearns

sliced its rating on

Anchor Gaming

(SLOT)

to neutral from attractive. Anchor Gaming tumbled 1 7/16 to 37 1/2.

Merrill Lynch

cut its rating on

American Tower

(AMT) - Get Report

to an intermediate-term accumulate, long-term buy rating from an intermediate- and long-term buy rating.

Banc of America

upped the stock's price target to 61 from 37. American Tower skidded 13/16 to 50 1/16.

J.P. Morgan

upgraded

AK Steel

(AKS) - Get Report

to buy from market perform. AK Steel declined 1/4 to 8 1/4.

Salomon Smith Barney

cut its rating on

Bristol Myers

(BMY) - Get Report

to outperform from buy. Bristol Myers lost 4 9/16, or 8.9%, to 46 15/16.

U.S. Bancorp Piper Jaffray

initiated coverage of

Buy.com

(BUYX)

as a strong buy with a price target of 30. Buy.com hopped 1 11/16, or 12.8%, to 14 7/8.

J.P. Morgan upgraded

Caterpillar

(CAT) - Get Report

to buy from market perform. Caterpillar gained 3/4 to 37 1/8.

U.S. Bancorp Piper Jaffray raised

Dell's

(DELL) - Get Report

price target to 65 from 55. Dell rose 7/8 to 47 1/16.

First Albany

rolled out coverage of

FastNet

(FSST)

with a price target of 30, while

ING Barings

initiated coverage with a price target of 28. FastNet bounced 3 5/16, or 22.8%, to 17 13/16.

Lehman Brothers

upgraded financial services company

Franklin Resources

(BEN) - Get Report

to buy from outperform. Franklin Resources moved up 1/2 to 28 5/16.

J.P. Morgan upgraded

Ingersoll-Rand

(IR) - Get Report

to buy from market perform. Ingersoll-Rand bounced 1 3/16 to 38 1/8.

Lehman downgraded railroad company

Kansas City Southern

(KSU) - Get Report

to outperform from buy. Kansas City Southern shed 3/16 to 88 13/16.

Lehman upped

KLA-Tencor's

(KLAC) - Get Report

price target to 110 from 70. KLA-Tencor advanced 1 1/4 to 84 1/2.

Wit SoundView

upped its price target on

Motorola

(MOT)

to 215 from 175. Motorola shot up 6 3/16 to 181 9/16.

Lehman initiated coverage on

Network Peripherals

(NPIX)

, a manufacturer of ethernet and gigabit ethernet switching products, as a buy with a 90 price target. Network Peripherals skidded 1 5/8 to 66..

Goldman Sachs

initiated coverage of

Organic

(OGNC)

as a market outperformer. Organic slipped 3 5/16, or 9%, to 33 1/4.

J.P. Morgan upped the rating of

Parker Hannifin

(PH) - Get Report

to buy from market perform. Parker Hannifan declined 7/16 to 35 1/2.

Credit Suisse First Boston

analyst Charlie Glavin upped chipmaker

PMC-Sierra's

(PMCS)

price target to 250. PMC-Sierra soared 30, or 14.6%, to 230 3/8.

Merrill Lynch rolled out coverage of

Samina

(SANM) - Get Report

with an intermediate, long-term buy rating. Samina hopped 3 1/16 to 120 5/8.

Merrill Lynch upped its price target on

SAP

(SAP) - Get Report

to 110 from 87 citing the increased acceptance of

mysap.com

. SAP advanced 6 5/8, or 8.8%, to 81 9/16.

CSFB analyst James Parmalee raised

Scientific-Atlanta's

(SFA)

fiscal third-quarter earnings estimate to 41 cents per share from 40 cents and fourth-quarter estimates to 46 cents a share from 44 cents. The firm also raised estimates for fiscal 2001 to $1.80 from $1.75. Scientific-Atlanta was unchanged at 134.

Wit SoundView initiated coverage of

Witness Systems

(WITS)

with a buy rating and a price target of 60. Witness Systems climbed 3 5/8, or 10.3%, to 38 1/2.

Bear Stearns

analyst Robert Fagin initiated coverage of

Vicinity

(VCNT)

, an Internet-based marketing firm, with a buy rating and a 12-18 month price target of $80. Vicinity leaped 14, or 28.7%, to 62 3/4.

Merrill Lynch rolled out coverage of

webMethods

(WEBM)

with an intermediate accumulate, long-term buy rating. webMethods plummeted 27 1/2, or 9.8%, to 252 1/2.

Miscellany

Agilent

(A) - Get Report

leaped 28 3/4, or 26.6%, to 136 3/4 after it said it created a telecom switching technology that can carry and direct optical signals with voice, data and video without converting them from photons to electrons.

The company said the product, known as a

Agilent Photonic Switching Platform

, would be available by the end of the year and would be displayed next week at the Optical Fiber Conference in Baltimore.

Ingram Micro

(IM)

stumbled 5/16 to 11 1/4 after it said it tapped Kent Foster as its president and CEO.

Red Hat

(RHAT)

has named former

Adobe

(ADBE) - Get Report

exec Harold Covert as its CFO. RedHat stumbled 5 1/8, or 7.2%, to 65 1/2.