Less Ads, More Data, More Tools Register for FREE

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
11 Jun 2024 14:31

Zantac litigation fears overdone at GSK, says Shore Capital

(Sharecast News) - Volatile moves in GSK's share price are likely to persist in the near term as a result of ongoing Zantac-related litigation, but th...

11 Jun 2024 09:32

TOP NEWS: GSK takes first steps to appeal Zantac ruling in Delaware

(Alliance News) - GSK PLC on Tuesday said it has taken the first steps to seek appeal of a ruling by the Delaware Superior Court in regard to its disc...

11 Jun 2024 09:12

LONDON MARKET OPEN: FTSE 100 up; UK unemployment rises to 4.4%

(Alliance News) - Stock prices in London opened higher on Tuesday, after a difficult day for markets on Monday amid the EU election fallout.

11 Jun 2024 07:52

LONDON BRIEFING: FTSE 100 called up despite unemployment rise

(Alliance News) - The FTSE 100 in London was called to open higher on Tuesday, after data showed that unemployment in the UK unexpectedly rose.

11 Jun 2024 07:22

GSK launches appeal to recent Zantac ruling

(Sharecast News) - GSK has started the process of appealing a recent decision by the Delaware Superior Court regarding the ongoing Zantac, or ranitidi...

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.