4 Min Read
(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 were modestly higher on Tuesday, indicating a rebound from the previous session's decline as investors once again used a pullback as a buying opportunity. Dow Jones industrial average futures were up 0.32 percent at 17,034, S&P 500 futures were up 0.33 percent at 1,976 and Nasdaq 100 futures were up 0.63 percent at 4,060.75.
** EBAY INC, Monday close $52.66
The online retailer said it would spin off PayPal, its fast-growing payments unit, into a publicly traded company in the second half of 2015.
** DREAMWORKS ANIMATION SKG INC, Monday close $28.18, -8.45 pct premarket
Softbank Corp's talks to acquire the Hollywood studio have cooled, the Wall Street Journal reported citing people familiar with the matter. The talks valued the maker of hit movies such as "Shrek" and "Madagascar" at $3.4 billion, according to Hollywood Reporter, which first reported the talks (on.wsj.com/YIaXt0)
** NEWS CORP, Monday close $16.8
** MOVE INC, Monday close $15.29, +37.28 pct premarket
Rupert Murdoch's News Corp said it would buy Move, the owner of property websites such as realtor.com, for about $950 million to expand its digital marketing business.
** SYNNEX CORP, Monday close $62.19, +6.42 pct premarket
The hardware distributor reported better-than-expected results in the third quarter. The company reported an adjusted profit of $1.59 per share, higher than the average analyst estimate of $1.48.
** CATALYST PHARMACEUTICAL PARTNERS INC, Monday close $2.99, +15.05 pct premarket
The drug developer said its lead drug was found superior in treating symptoms associated with a rare autoimmune disorder, compared with a placebo.
** BOEING CO, Monday close $128.77, +0.02 pct premarket
The plane maker said it would move the majority of its defense services and support work out of Washington state to other U.S. cities, affecting the jobs of about 2,000 of its 5,200 defense employees in the Puget Sound region.
** SUPERVALU INC, Monday close $9.13
The supermarket chain reported on Monday a second attack against its payment systems barely two months after it said it was investigating a potential data breach.
** NEWMONT MINING CORP, Monday close $23.48
The mining company sent out its first copper concentrate shipment from Indonesia this week that ended a nine-month hiatus, highlighting a ramp up in copper mine supply that is expected to tip the market into surplus this year.
** VALEANT PHARMACEUTICALS INTERNATIONAL INC, Monday close $130.26
Valeant Pharmaceuticals' sales are expected to rise 15 percent in the third quarter but will face a tougher fourth-quarter comparison to year-ago results, Allergan Inc said in a filing on Monday.
** SANOFI SA, Monday close $55.71, +0.59 pct premarket
** REGENERON PHARMACEUTICALS INC, Monday close $354.96
An experimental drug from Sanofi and Regeneron significantly reduced congestion in a mid-stage trial on patients with chronic sinusitis with nasal polyps, a condition poorly controlled by existing drugs, the companies said on Tuesday. (Compiled by Anannya Pramanick; Edited by Maju Samuel)