Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.

Less Ads, More Data, More Tools Register for FREE
Stephen Yiu, FM at WS Blue Whale, discusses Nvidia, Visa/Mastercard, Lam Research & Allied Materials
Stephen Yiu, FM at WS Blue Whale, discusses Nvidia, Visa/Mastercard, Lam Research & Allied MaterialsView Video
Ben Turney, CEO at Kavango Resources, explains the company's progress from exploration to mining
Ben Turney, CEO at Kavango Resources, explains the company's progress from exploration to miningView Video

Latest Share Chat

BUZZ-U.S. STOCKS ON THE MOVE-Synta Pharma, Lorillard, BioCryst, Insmed

Tue, 31st Mar 2015 12:04

(For faster updates on individual market-movers, Eikon usersplease use search string "STXBZ US"; for the Day Aheadnewsletter, http://link.reuters.com/mex49s; for the Morning NewsCall newsletter, http://link.reuters.com/nex49s)U.S. stock index futures were lower on Tuesday, indicating amodest retreat from the previous session's rally, including thestrongest session for the Dow in more than a month. Dow Jonesindustrial average e-mini futures were down 0.43 percentat 17,784, S&P 500 futures were down 0.49 percent at2,065.25 and Nasdaq 100 futures were down 0.42 percent at4,354.

** SYNTA PHARMACEUTICALS CORP, Monday close$2.33, -18.45 pct premarket

The drug developer said it would commence a public offeringof common shares, but did not say when the offering would becompleted or provide any details on the number of shares orprice.

** REYNOLDS AMERICAN INC, Monday close $69.47, -2.02pct premarket

** LORILLARD INC, Monday close $66.42, -3.49 pctpremarket

The Federal Trade Commission staff is recommending a suit toblock the $27 billion merger of the second- and third-biggestcigarette makers, Reynolds American and Lorillard, the New YorkPost reported, citing a well-placed DC source not working on thecase said. (http://bit.ly/1xuMHLZ)

** INSMED INC, Monday close $21.09, -3.70 pctpremarket

The drug developer said it is offering 10 million shares ofits common stock, and intends to use the proceeds to developrespiratory drugs ARIKAYCE and INS1009.

** TECK RESOURCES LTD, Monday close $15.27, -7.86pct premarket

The Canadian miner and Antofagasta Plc are exploring a merger that would create one of the world'sbiggest copper producers, Bloomberg reported, citing people withknowledge of the matter.

** GLAXOSMITHKLINE PLC, Monday close $47.2, -1.80pct premarket

** JOHNSON & JOHNSON, Monday close $101.55, -0.25pct premarket

GlaxoSmithKline has agreed to settle a lawsuit byJohnson & Johnson accusing it of using false advertising at thestart of the U.S. allergy season to grab market share.

** GROUPON INC, Monday close $7.43, -2.02 pctpremarket

** KKR & CO LP, Monday close $22.77

Private equity firms KKR and Hong Kong-based Anchor Partnersare in talks to buy a majority stake in Groupon's South Koreanunit for around 350 billion won ($316 million), a South Koreannewspaper reported on Tuesday.

($1 = 1,107.3200 won)

** CBRE GROUP INC, Monday close $36.41

** JOHNSON CONTROLS INC, Monday close $49.83, +1.73pct premarket

Johnson Controls, a maker of climate control systems forbuildings, said it would sell its global workplace solutionsbusiness to CBRE for $1.48 billion in cash. CBRE, the world'slargest commercial real estate services firm, said it expectsthe deal to add to adjusted earnings in 2016.

** ENDURANCE SPECIALTY HOLDINGS LTD, Monday close$64.3

** MONTPELIER RE HOLDINGS LTD, Monday close$38.15, +3.54 pct premarket

Property and casualty insurer Endurance Specialty will buyreinsurer Montpelier Re for about $1.83 billion in cash andstock. Montpelier shareholders will get 0.472 Endurance shareand $9.89 in cash for each share held, the companies said onTuesday.

** BIOCRYST PHARMACEUTICALS INC, Monday close$8.57, +5.13 pct premarket

The drug developer said it won a U.S. government contractfor the continued development of its potential treatment forviral diseases, including Ebola. The 18-month contract includesa base value of $12.1 million to support manufacturing, as wellas $22.9 million in additional development options that can beexercised by the government.

** CHARTER COMMUNICATIONS INC, Monday close$183.39, +7.97 pct premarket

The cable television operator has agreed to acquire BrightHouse Networks in a roughly $10 billion deal that could beannounced as soon as Tuesday, according to a source familiarwith the matter. The deal is contingent on Comcast Corp's acquisition of Time Warner Cable Inc beingapproved by U.S. regulators, the source said.

** MOSAIC CO, Monday close $47.36, +0.25 pctpremarket

The U.S. fertilizer company said it would raise its annualdividend by 10 cents to $1.10 per share, effective in May. Themove comes despite recent tax changes by the Canadian provinceof Saskatchewan, where Mosaic mines the crop nutrient potash,which the company said earlier would cost it $80 million to $100million in 2015.

** QUEST DIAGNOSTICS INC, Monday close $77.69

** QUINTILES TRANSNATIONAL HOLDINGS INC, Monday close$68

Medical test maker Quest Diagnostics and contract researchcompany Quintiles Transnational said they were combining theirclinical trial laboratory operations in a joint venture, ofwhich Quintiles will own 60 percent.

** CABLEVISION SYSTEMS CORP, Monday close $18.48

The U.S. cable T.V. operator is planning to make an offerfor the New York Daily News as early as this week, valuing thetroubled tabloid at just $1, according to a person familiar withthe matter.

** INTERNATIONAL BUSINESS MACHINES CORP, Mondayclose $162.67

The company said it would invest $3 billion over the nextfour years in a new 'Internet of Things' unit, aiming to sellits expertise in gathering and making sense of the surge inreal-time data.

** HERBALIFE LTD, Monday close $42.72

Hedge fund mogul William Ackman, who has spent more than twoyears accusing Herbalife of running a pyramid scheme, said onMonday that shutting down the company is "one of the mostimportant things" he can do.

** STARBUCKS CORP, Monday close $95.98

Starbucks and Danone SA will begin selling asmoothie line at more than 4,300 U.S. Starbucks shops as part ofa Greek yogurt partnership that will also include yogurtparfaits and ready-to-eat yogurt to be sold by grocers.

** CITIGROUP INC, Monday close $51.64

The U.S. bank has agreed to sell its credit card unit inJapan to Sumitomo Mitsui Trust Bank, the companies said onTuesday, as Citi slims down globally to bolster itsprofitability.

** CONOCOPHILLIPS, Monday close $64

The American oil company plans to invest about $2.5 billionin Indonesia's upstream oil and gas industry over the next threeor four years, the nation's energy minister said on Tuesday.

** ALIBABA GROUP HOLDING LTD, Monday close $83.9

The online retailer's healthcare subsidiary will tie-up withZhejiang DiAn Diagnostics Co Ltd to help develop anonline hospital platform, the diagnostics firm said in a filinglate on Monday.

** EXXON MOBIL CORP, Monday close $85.63

The oil and gas producer said it started production in thedeepwater Gulf of Mexico at Hadrian South, its deepest subseatie-back. The daily gross production from the project isexpected to reach about 300 mln cubic feet of gas and 3,000barrels of liquids from two wells.

** VAALCO ENERGY INC, Monday close $3.13

The oil and gas producer said it is abandoning its firstwell drilled offshore Angola as it was found to bewater-bearing. (Compiled by Ramkumar Iyer in Bengaluru; Editing by SimonJennings)

Related Shares

More News
21 May 2024 11:23

AstraZeneca aims for $80 bln in total revenue by 2030

Sees $80 bln in 2030 revenue by 2030 *

21 May 2024 08:49

GSK's depemokimab asthma treatment meets endpoints in latest trials

(Alliance News) - GSK PLC on Tuesday announced positive results from trials of depemokimab, an "ultra-long-acting biologic" that could simplify treatm...

21 May 2024 07:21

GSK reports promising results from asthma treatment trials

(Sharecast News) - GSK announced promising results from phase three clinical trials evaluating the efficacy and safety of depemokimab in treating seve...

20 May 2024 16:11

IN BRIEF: GSK executive buys GBP20,026 worth shares

GSK PLC - London-based pharmaceuticals firm - Senior Vice President, Global Communications & Chief Executive Office, Sally Jackson, buys 1,120 shares ...

17 May 2024 17:38

London's FTSE nudges lower for week after record run

Haleon falls after GSK offloads remaining stake *

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.