BUZZ-U.S. Stocks on the Move-Goodrich Petroleum, Seadrill, Yamana Gold
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U.S. stock index futures were little changed on Wednesday, a day after stocks staged an intraday rally to end nearly flat after a decline of as much as 1.3 percent. Dow Jones industrial average futures were down 0.20 percent at 17,744, S&P 500 futures were down 0.21 percent at 2,053.25 and Nasdaq 100 futures were down 0.13 percent at 4,285.25.
** GLAXOSMITHKLINE PLC, Tuesday close $44.11, -1.41 pct premarket
Bank of America Merrill Lynch cut its rating to "underperform" from "neutral" on Britain's biggest drugmaker , citing near-term margin pressures, lower long-term expectations for new respiratory products and reduced buybacks given lower earnings.
** GOODRICH PETROLEUM CORP, Tuesday close $4.09, -6.85 pct premarket
The oil and gas company said it would explore strategic options for all or a part of its Eagle Ford shale assets in South Texas to boost liquidity, as oil prices fall. The company, which had cash and cash equivalents of $2.2 million as of Sept. 30, said this would "significantly enhance" its ability to fund development activities when oil prices recover.