The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

BUZZ-U.S. STOCKS ON THE MOVE-Workday, Time Warner Cable, Hormel Foods

Wed, 27th May 2015 11:18

(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 slightly higher on Wednesday:Dow Jones industrial average futures were up 0.09percent at 18,070, S&P 500 futures were up 0.11 percentat 2,107.25 and Nasdaq 100 futures were up 0.11 percentat 4,484.5.

** WORKDAY INC, Tuesday close $92.49, -8.69 pctpremarket

The human resource software company forecast current-quarterbillings below market expectations and reported a biggerquarterly net loss due to higher spending on marketing andproduct development.

** TIME WARNER CABLE INC, Tuesday close$183.6, +0.14 pct premarket

** CHARTER COMMUNICATIONS INC, Tuesday close$179.78

Time Warner Cable, entering into talks to be acquired byCharter Communications just a month after regulators killed aproposed takeover by Comcast, was determined not toget burned a second time.

Separately, Patrick Drahi, the billionaire owner of Europeantelecoms group Altice, said he put an end to talks tobuy Time Warner Cable because his company was not ready, addingthat he would not carry out reckless acquisitions.

** COMCAST CORP, Tuesday close $58.59, +0.94 pctpremarket

Vox Media, owner of The Verge and other websites, isacquiring Revere Digital, the company that owns technology newswebsite Re/code, according to a post on the Re/code website.

Comcast's NBCUniversal exchanged its minority interest inRe/code for shares in Vox Media, a source familiar with thetransaction said.

** TOLL BROTHERS INC, Tuesday close $36.99, +0.30pct premarket

The largest U.S. luxury homebuilder, reported abetter-than-expected quarterly profit and raised the low end ofits average selling price forecast for the full year as demandstrengthens.

** ALIBABA GROUP HOLDING LTD, Tuesday close$92.52, -0.24 pct premarket

China's banking regulator has given a green light to MYbank,the online bank affiliated with Alibaba, to start operating.

** EXXON MOBIL CORP, Tuesday close $85.35, +0.28 pctpremarket

** CHEVRON CORP, Tuesday close $103.29, +0.69 pctpremarket

Progressive shareholders are pushing to add directors withclimate change expertise to the boards of Exxon and Chevron,arguing the largest U.S. oil companies need more depth ofknowledge to navigate environmental issues.

** CITIGROUP INC, Tuesday close $54.24, +0.39 pctpremarket

European banks Deutsche Bank, Barclays and UBS have seen their market share in foreignexchange trading slump in the past year, as U.S. banks led byCitigroup grabbed business, according to widely watched industryrankings.

** GOOGLE INC, Tuesday close $547.19

** ORACLE CORP, Tuesday close $43.33

The Obama administration on Tuesday sided against Google andsaid the U.S. Supreme Court should not hear the company's appealin a case against Oracle with wide implications for thetechnology industry, according to a court filing.

** HORMEL FOODS CORP, Tuesday close $56.61, +4.66pct premarket

Hormel Foods said it would buy natural and organic meatprocessor Applegate Farms LLC for about $775 million to cater toan increasing demand for food free of antibiotics, hormones andartificial additives.

** GENERAL ELECTRIC CO, Tuesday close $27.52, +0.04pct premarket

GE is in advanced talks to sell assets of its vehicle fleetmanagement business, GE Capital Fleet Services, to ElementFinancial Corp, Bloomberg reported, citing peoplefamiliar with the matter.

** CRESCENT POINT ENERGY INC, Tuesday close $23.99

Canada's No.4 independent oil and gas producer,said on Tuesday it has agreed to acquire Legacy Oil + Gas Inc for shares and debt worth C$1.53 billion ($1.23billion), adding oil production in its core regions in WesternCanada and North Dakota.

** TIVO INC, Tuesday close $10.36

The digital video recorder maker reportedbetter-than-expected quarterly revenue and profit, helped byhigher subscriptions.

** REYNOLDS AMERICAN INC, Tuesday close$75.43, +2.08 pct premarket

** LORILLARD INC, Tuesday close $72.12

Reynolds American on Tuesday won U.S. antitrust approval tobuy smaller rival Lorillard in a deal that would combine the No.2 and No. 3 U.S. cigarette companies.

** AMAZON.COM INC, Tuesday close $425.47, +0.36 pctpremarket

Amazon's decision to change its tax-efficient Europeanbusiness structure could raise its tax bill by as much as $100million a year but authorities will have to fight for additionalmoney and any payments will be hidden from public view. (Reporting by Shubhankar Chakravorty in Bengaluru)

Related Shares

More News
4 May 2024 08:37

Norway wealth fund to back Barclays CEO, chair at AGM

OSLO, May 4 (Reuters) - Norway's $1.6 trillion sovereign wealth fund, one of the world's largest investors, supports the reappointment of Barclays C...

3 May 2024 17:04

Ex-Odey portfolio manager Hanbury warns investors are 'buying blind'

LONDON, May 3 (Reuters) - Former Odey Asset Management (OAM) portfolio manager James Hanbury has said in a letter to investors that passive and syst...

2 May 2024 13:48

UK shareholder meetings calendar - next 7 days

1 May 2024 14:50

Barclays to cut jobs in investment banking - reports

(Sharecast News) - Barclays has reportedly kicked off a fresh round of redundancies, cutting "a few hundred roles" at its investment bank as it looks ...

30 Apr 2024 20:30

GM in talks with Barclays to replace Goldman Sachs in credit card partnership -source

NEW YORK April 29 (Reuters) -

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.