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BUZZ-U.S. STOCKS ON THE MOVE-Synta Pharma, Teck Resources, GSK, Groupon

Tue, 31st Mar 2015 11:01

(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 e-mini futures fell on Tuesday: Dow Jonesindustrial average futures were down 0.58 percent at17,756, S&P 500 futures were down 0.60 percent at 2,063and Nasdaq 100 futures were down 0.53 percent at 4,349.5.

** SYNTA PHARMACEUTICALS CORP, Monday close$2.33, -20.17 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.

** TECK RESOURCES LTD, Monday close $15.27, -6.68pct 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, -1.69pct premarket

** JOHNSON & JOHNSON, Monday close $101.55, +0.12pct 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, -3.10 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)

** 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.

** INSMED INC, Monday close $21.09

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. (Compiled by Ramkumar Iyer in Bengaluru; Editing by SimonJennings)

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