BUZZ-U.S. Stocks on the Move-EBay, Move, DreamWorks, China Finance

Tue Sep 30, 2014 7:54am EDT
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

(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 0.29 percent at 17,030, S&P 500 futures were up 0.32 percent at 1,975.75 and Nasdaq 100 futures were up 0.56 percent at 4,058.

** EBAY INC, Monday close $52.66, +9.57 pct premarket

The online retailer said it would spin off PayPal, its fast-growing payments business, into a publicly traded company in the second half of 2015, marking an about-face for the company.

EBay CEO John Donahoe had resisted demands by activist investor Carl Icahn to hive off the service, saying PayPal was integral to eBay's business - and vice versa.

** DREAMWORKS ANIMATION SKG INC, Monday close $28.18, -9.23 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)

  Continued...