BUZZ-U.S. Stocks on the Move-Baker Hughes, DreamWorks, Denbury
(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter, link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) U.S. stock index e-mini futures slipped on Monday following four consecutive weeks of gains for major Wall Street indexes, weighed by data showing Japan slipped into recession. Dow Jones industrial average futures were down 0.16 percent at 17,576, S&P 500 futures were down 0.22 percent at 2,033.5 and Nasdaq 100 futures were down 0.12 percent at 4,216.75.
** HALLIBURTON CO, Friday close $55.08, -3.41 pct premarket
** BAKER HUGHES INC, Friday close $59.89, +16.46 pct premarket
** SCHLUMBERGER NV, Friday close $95.32, +0.50 pct premarket
Halliburton, the world's second-largest oilfield services provider, will buy smaller rival Baker Hughes for about $35 billion in cash and stock, creating an oilfield services behemoth to take on market leader Schlumberger as falling oil prices threaten to erode demand.
** ALLERGAN INC, Friday close $198.65, +4.21 pct premarket
The American pharma company is close to a buyout deal worth up to $65.5 billion by Actavis Plc, one that could end months of pursuit by Canada's Valeant Pharmaceuticals and William Ackman's hedge fund, Pershing Square Capital Management, according to a person familiar with the matter. Continued...