BUZZ-U.S. Stocks on the Move-Tim Hortons, iKang, Adept, Doral

Tue Aug 26, 2014 9:15am EDT
 
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(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for more market insights, including options activity, ; for the Day Ahead newsletter, link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s)

U.S. stock index futures pointed to very slight gains at the open on Tuesday, with investors finding few reasons to buy after a rally in the previous session that took the S&P 500 index above 2,000 for the first time. Dow Jones industrial average futures were up 0.14 percent at 17,080, S&P 500 futures were up 0.13 percent at 1,997.5 and Nasdaq 100 futures were up 0.21 percent at 4,072.

** BURGER KING WORLDWIDE INC, Monday close $32.4, +1.82 pct premarket

** TIM HORTONS INC, Monday close $74.72, +9.90 pct premarket

Burger King agreed to buy Canadian coffee and doughnut chain Tim Hortons in cash and stock to create the third-largest quick service restaurant group with sales of about $23 billion.

** BEST BUY CO INC, Monday close $31.99, -4.35 pct premarket

The largest U.S. specialty retailer of consumer electronics reported a 4 percent drop in quarterly revenue due to lower traffic in its stores.   Continued...