BUZZ-U.S. STOCKS ON THE MOVE-Workday, Time Warner Cable, Hormel Foods

Wed May 27, 2015 7:18am EDT
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(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter,; for the Morning News Call newsletter, U.S. stock index e-mini futures slightly higher on Wednesday: Dow Jones industrial average futures were up 0.09 percent at 18,070, S&P 500 futures were up 0.11 percent at 2,107.25 and Nasdaq 100 futures were up 0.11 percent at 4,484.5.

** WORKDAY INC, Tuesday close $92.49, -8.69 pct premarket

The human resource software company forecast current-quarter billings below market expectations and reported a bigger quarterly net loss due to higher spending on marketing and product development.

** TIME WARNER CABLE INC, Tuesday close $183.6, +0.14 pct premarket

** CHARTER COMMUNICATIONS INC, Tuesday close $179.78

Time Warner Cable, entering into talks to be acquired by Charter Communications just a month after regulators killed a proposed takeover by Comcast, was determined not to get burned a second time.

Separately, Patrick Drahi, the billionaire owner of European telecoms group Altice, said he put an end to talks to buy Time Warner Cable because his company was not ready, adding that he would not carry out reckless acquisitions.