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BUZZ-U.S. STOCKS ON THE MOVE-Boeing, Dish, Valeant, Spectrum Pharma

Mon, 23rd Feb 2015 12:36

(For faster updates on individual market-movers, Eikon usersplease use search string "STXBZ US"; for the Day Aheadnewsletter, http://link.reuters.com/mex49s)

U.S. stock index e-mini futures xxx on Monday: Dow Jonesindustrial average futures were down 0.19 percent at18,069, S&P 500 futures were down 0.18 percent at2,103.25 and Nasdaq 100 futures were up 0.02 percent at4,439.

** BOEING CO, Friday close $158.31, -1.71 pctpremarket

Goldman Sachs downgraded the aircraft maker's stock to"sell" from "neutral", according to Theflyonthewall.com. Of 23other analysts covering it, 15 have "buy" or higher ratings,while seven have "hold" and one has "strong sell".

** DISH NETWORK CORP, Friday close $78.31

The second-largest U.S. satellite TV company said founderand Chairman Charlie Ergen would step in as CEO when Joe Claytonretires on March 31.

** SPECTRUM PHARMACEUTICALS INC, Friday close$7.46, -23.73 pct premarket

A Nevada court ruled in favor of Novartis AG,deeming "invalid" two patents covering the cancer-focusedbiotech's injection, Fusilev.

Roth Capital downgraded the stock to "neutral", saying thecompany will be hurt by the increasing risk to the Fusilevrevenue stream, and halved its price target to $7 from $15.

** APPLE INC, Friday close $129.495, +0.24 pctpremarket

The iPhone maker said it would spend 1.7 billion euros ($1.9billion) to build two data centers in Europe, powered entirelyby renewable energy, and create hundreds of jobs.

** VALEANT PHARMACEUTICALS INTERNATIONAL INC, Fridayclose $173.26, +6.77 pct premarket

** SALIX PHARMACEUTICALS LTD, Friday close$157.85, -0.82 pct premarket

Canada's Valeant agreed to buy gastrointestinaldrugmaker Salix for about $10.1 billion, the companies said onSunday.

Cantor Fitzgerald raised its price target on Valeant's stockto $214 from $184.

** HSBC HOLDINGS PLC, Friday close $46.68, -6.28pct premarket

The bank reported a deeper-than-expected 17 percentslide in annual pretax profit and cut its earnings target,saying allegations its Swiss business had helped customers tododge taxes had brought shame on it.

** TWENTY-FIRST CENTURY FOX INC, Friday close $35.3

** DISCOVERY COMMUNICATIONS INC, Friday close$30.93

Rupert Murdoch's Twenty-First Century Fox, which like otherbroadcasters is battling a shift to on-demand TV, denied therehad been any takeover talks with Discovery, owner of AnimalPlanet and the Discovery Channel, as reported by the AustralianFinancial Review.

** POLYPORE INTERNATIONAL INC, Friday close$52.95, +13.13 pct premarket

** 3M CO, Friday close $168.12, -0.04 pct premarket

Asahi Kasei Corp, a Japanese chemicals maker, saidit would buy Polypore's energy storage segment for $2.2 billion.3M Co will buy the assets of Polypore's SeparationsMedia segment for about $1 billion and Asahi Kasei will receivethe cash proceeds.

** CITIGROUP INC, Friday close $51.78, -0.19 pctpremarket

** SPRINGLEAF HOLDINGS INC, Friday close $38.57

Citigroup is in advanced talks to sell its consumer financeunit OneMain Financial Holdings Inc to subprime lenderSpringleaf for more than $4 billion, people familiar with thematter said on Friday.

** ANGLOGOLD ASHANTI, Friday close $11.47, -3.05 pctpremarket

Africa's top bullion producer said it fell into a loss inthe fourth quarter of last year because of costs associated withlayoffs and restructuring at its key Ghana operation andaccounting adjustments.

** BARRICK GOLD CORP, Friday close $12.89, -1.09 pctpremarket

More than 2,000 unionized workers at the Lumwana copper mineowned by the Canadian company stopped work demanding to knowwhat will happen to them when the company closes the business, agovernment official said.

** MCDONALD'S CORP, Friday close $94.19

The fastfood chain and its franchisees may have few optionsbut to begin raising hourly wages as an improving U.S. economycreates competition for good workers and as mega-employerWal-Mart Stores Inc sets a higher bar on pay, accordingto labor experts. [ID;nL1N0VU1UC]

** GENERAL MOTORS CO, Friday close $37.65

United Auto Workers President Dennis Williams, whose unionindirectly controls the largest single block of GM shares, toldReuters an investor group's proposal that GM buy back $8 billionof its stock is premature, and the amount too high for thecompany's long-term health.

** GLOBE SPECIALTY METALS INC, Friday close $15.37

The silicon alloy producer and Spain's Grupo FerroAtlanticasaid they would merge to form a company with a combinedenterprise value of $3.1 billion.

(Compiled by Sneha Banerjee in Bengaluru; Editing by JoyjeetDas)

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