December 9, 2014 / 12:07 PM / 3 years ago

BUZZ-U.S. Stocks on the Move-Seadrill, Mazor Robotics, Verizon

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U.S. stock index e-mini futures fell on Tuesday: Dow Jones industrial average futures were down 0.34 percent at 17,791, S&P 500 futures were down 0.34 percent at 2,052.5 and Nasdaq 100 futures were down 0.39 percent at 4,262.25.

** SEADRILL LTD, Monday close $11.57, +5.01 pct premarket

The Norway-based driller’s stock surged following a share purchase by chairman & top owner, billionaire investor John Fredriksen. Fredriksen’s investment vehicle Hemen Holding bought 2.7 million shares in Seadrill and now holds 117.8 million shares, corresponding to 23.9 pct of the total. ABG Sundal Collier analyst Lukas Daul said the shares rose on the news but added that Fredriksen may have to buy more shares if he wanted to put an end to the stock’s poor performance.

** SONY CORP, Monday close $21.15

Sony Pictures Entertainment was demanded by a group that claimed to be responsible for the massive computer hack at the company to cancel the release of “The Interview,” a film comedy that depicts an assassination plot against North Korea’s leader.

** MAZOR ROBOTICS LTD, Monday close $12.12, +4.13 pct premarket

The Israel-based medical device-maker said it received two orders in China and one in Taiwan for its Renaissance surgery guidance systems. The orders from China are the company’s first since the China Food and Drug Administration approved the system.

** VALEANT PHARMACEUTICALS INTERNATIONAL INC, Monday close $143.94

The Canadian drugmaker is abandoning its growth-by-acquisitions strategy for the time being to try to reduce debt, boost its stock price and one day return to its traditional deal-making in a stronger position.

** APPLE INC, Monday close $112.4, -0.99 pct premarket

The iPhone maker will build a large research and development facility in Japan, Prime Minister Abe Shinzo said on Tuesday, local media reported.

** BOEING CO, Monday close $130.28

The airplane maker forecast continued strong demand for aircraft funding, with commercial jet buyers using capital markets to fund a third of the $124 billion of the sales expected in 2015.

** VERIZON COMMUNICATIONS INC, Monday close $48.9, -1.68 pct premarket

The largest U.S. wireless carrier said promotional offers and price cuts in its wireless business would eat into profit for the fourth quarter.

** AMAZON.COM INC, Monday close $306.64, -0.29 pct premarket

The U.S. online retailer Amazon.com Inc plans to shift more of its drone testing outside U.S. borders unless it gets quick permission from U.S. regulators to conduct outdoor trials.

** WHITING PETROLEUM CORP, Monday close $32.27

The oil and gas producer’s buyout of Kodiak Oil and Gas Inc is worth $1.55 billion based on Monday’s closing stock price, about $2.25 billion less than when first announced last July.

** ASTRAZENECA PLC, Monday close $73.12, -0.74 pct premarket

The drugmaker’s new drug for the treatment of opioid-induced constipation, which was developed with Nektar Therapeutics, has been approved in the European Union [ID;nL6N0TT0QD]

** HOSPIRA INC, Monday close $60.12

U.S. District Judge Gregory Sleet in Delaware ruled that Hospira can launch a generic version of Cubist Pharmaceuticals Inc’s leading skin infections drug Cubicin as soon as 2016.

** CHEVRON CORP, Monday close $106.8

Chevron is partnering with Norway’s Statoil to explore three prospects off the lightly explored south-east coast of New Zealand’s North Island. Statoil is already in New Zealand and has been awarded a further offshore block in its own right at the top northwest coast of the North Island. ID:nL3N0TT1GQ] (Complied by Rosmi Shaji in Bengaluru; Editing by Simon Jennings)

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