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(For more market insights, including options activity, click on ; for the Day Ahead newsletter http://link.reuters.com/mex49s; for the Morning News Call newsletter, http://link.reuters.com/nex49s)NOTE TO SUBSCRIBERS: Reuters is converting some short-formcoverage of hot stocks, including Market Pulse, into the newStocks Buzz product. From June 16, items that were previouslypublished only as a compilation will be published as standaloneitems featuring the BUZZ tag. They will also be accessible viathe STXBZ news code. A collated version will continue to appearon the WATCH/US named-item code under the headline "BUZZ-U.S.stocks on the move".
Dow Jones industrial average futures were down 0.38percent at 16,877, S&P 500 futures were down 0.45 percentat 1,941.75 and Nasdaq 100 futures were down 0.45 percentat 3,783.5.
** OREXIGEN THERAPEUTICS INC, Tuesday close$6.81, -16.15 pct premarket
The company said the U.S. Food and Drug Administrationdelayed its decision on the marketing application of its obesitydrug, contrave, by three months.
** LULULEMON ATHLETICA INC, Tuesday close $45.48
Founder Chip Wilson said he voted against the re-election ofChairman Michael Casey and RoAnn Costin to the yogawearretailer's board.
** EXELON CORP, Tuesday close $37.16, -2.37 pctpremarket
The utility company said it would offer 50 million shares ofits common stock and 20 million equity units for sale. The netproceeds would be used to partly finance the acquisition ofPepco Holdings Inc.
Each equity unit will comprise a contract to purchase Exeloncommon stock by June 1, 2017 and a 1/20 undivided beneficialownership interest in $1,000 principal amount of Exelon's juniorsubordinated notes due 2024.
** HILTON WORLDWIDE HOLDINGS INC, Tuesday close$23.43, -2.26 pct premarket
The hotel operator said some of its shareholders wereselling 90 million Hilton shares at $23.04 per share, a slightdiscount to the stock's Tuesday close of $23.43. The companysaid it would not receive any proceeds from the sale.
** BIOFUEL ENERGY CORP, Tuesday close $5.775,+18.61 pct premarket
The ethanol producer said it would buy real-estate assetscontrolled by Greenlight Capital Inc and real estate investorJames Brickman for $275 million in cash and stock.
** MICRON TECHNOLOGY INC, Tuesday close $29.51, +4.37pct premarket
Credit Suisse raised its price target to $50 from $30 on thechipmaker's stock, citing enterprise demand for its DRAM memorychips used in personal computers.
Prices for DRAM chips made by Micron, Samsung Electronics CoLtd and SK Hynix Inc have bounced backfrom a deep memory chip price slump in 2012 that led somechipmakers to throttle back production.
** H&R BLOCK INC, Tuesday close $30.73, +4.13 pctpremarket
The tax preparer's fourth-quarter earnings rose to $3.29 pershare from $2.42, after the company exited unprofitable retailpartnerships and improved its online tax-preparation softwareoffering.
** RAMBUS INC, Tuesday close $12.36, +8.41 pctpremarket
The technology licensing company raised its second-quarterrevenue forecast to $75 million-$77 million, from its previouslystated range of $69 million-$74 million.
Rambus also entered into a patent license agreement withQualcomm Global Trading Pte Ltd, a unit of Qualcomm Inc. The agreement gives Qualcomm Inc and its units accessto patented memory, interface, and security technologies fromRambus. The company said other terms of the agreement wereconfidential.
** APPLE INC, Tuesday close $94.25, -0.69 pctpremarket
** STARBUCKS CORP, Tuesday close $74.6
The European Commission said it had opened three in-depthinvestigations into tax decisions affecting Apple, Starbucks andFiat Finance and Trade in Ireland, the Netherlands andLuxembourg respectively.
** SYNAPTICS INC, Tuesday close $66.52, +19.09 pctpremarket
The touchscreen chipmaker's Chief Executive Rick Bergmansaid he would be "thrilled" to win back Apple as a customerafter agreeing to buy the sole supplier of display driver chipsfor its iPhone.
** BANK OF AMERICA CORP, Tuesday close $15.92, -1.19pct premarket
The bank and the U.S. Department of Justice have reached animpasse in negotiating a multibillion-dollar settlement relatedto BofA's mortgage investments, the New York Times reportedciting people briefed on the matter.
** AMERICAN INTERNATIONAL GROUP INC, Tuesday close$55.01, -0.38 pct premarket
The insurer said Peter Hancock would succeed RobertBenmosche as CEO and president, effective Sept. 1.
** INTERNATIONAL BUSINESS MACHINES CORP, Tuesdayclose $184.29
The tech giant is nearing a deal to sell its chip-makingbusiness to contract chipmaker Globalfoundries Inc, Bloombergreported, citing people familiar with the matter.
** MORGAN STANLEY, Tuesday close $32.08
The company will "probably" close sales of two physicalcommodities businesses in the third quarter, CEO James Gormansaid.
** BP PLC, Tuesday close $50.95, -0.53 pct premarket
** AEROVIRONMENT INC, Tuesday close $35.43
British Petroleum has been authorized to use unmannedaircraft to survey pipelines and other infrastructure onAlaska's North Slope, the first commercial drone flights overU.S. land, government authorities said on Tuesday, giving aboost to the tiny aircraft's manufacturer AeroVironment.
** AMAZON.COM INC, Tuesday close $332.41, +0.96 pctpremarket
The retailer plans to launch a marketplace later this yearfor local services - a broad term encompassing anything frombabysitters to handymen to birthday clowns - beginning with asingle market, several people familiar with the matter said.
** PENN VIRGINIA CORP, Tuesday close $14.11, -5 pctafter market
The oil and gas producer said on Tuesday it plans to offer2.5 million depositary shares and use the net proceeds tofinance its Eagle Ford Shale development program and acquiremore leaseholds in Eagle Ford Shale.
** ULTA SALON COSMETICS AND FRAGRANCE INC, Tuesdayclose $85.31, +8 pct after market
The beauty products retailer reported better-than-expectedfirst-quarter profit and revenue on Tuesday helped by highere-commerce sales and forecast current-quarter sales aboveanalysts' average estimate.
At least two brokerages raised their price targets on thestock on Wednesday.
** UNITED NATURAL FOODS INC, Tuesday close$68.5, -2 pct after market
The U.S. food distributor reported first-quarter results inline with analysts' average estimates on Tuesday and said itexpects earnings of $2.47-$2.50 per share for the year endingAug. 2, down from the $2.45-$2.51 it expected earlier.
The company said the updated outlook reflects acquisitioncosts related to its agreement to buy Tony's Fine Foods forabout $195.3 million.
** PROSPECT CAPITAL CORP, Tuesday close $9.82,+4.38 pct premarket
The business development company said it will not need torestate historical financial statements to consolidate somewholly owned subsidiaries, based on discussions with the officeof the chief accountant of the Securities and ExchangeCommission. (Reporting By Shubhankar Chakravorty in Bangalore; Editing byJoyjeet Das)
