June 16, 2015 / 11:32 AM / in 2 years

BUZZ-U.S. STOCKS ON THE MOVE-Avalanche Biotechnologies, Coty, Gap

(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 futures were lower on Tuesday as investors were cautious ahead of a two-day Federal Reserve meeting and as the Greek debt crisis showed no signs of abating. Dow Jones industrial average futures were down 0.29 percent at 17,745, S&P 500 futures were down 0.29 percent at 2,078 and Nasdaq 100 futures were down 0.43 percent at 4,416.5.

** AVALANCHE BIOTECHNOLOGIES INC, Monday close $38.88, -49.31 pct premarket

The eye drug developer’s experimental gene therapy for a leading cause of blindness met its primary safety goal in a small mid-stage trial, while staving off vision loss.

** COTY INC, Monday close $26.05

** PROCTER & GAMBLE CO, Monday close $78.12, +0.54 pct premarket

U.S. cosmetics group Coty has won auctions to acquire three businesses from Procter & Gamble for as much as $12 billion, a source familiar with the matter told Reuters.

** GAP INC, Monday close $38.2

The apparel retailer said it would close a quarter of Gap specialty stores in North America over the next few years, including 140 this year, potentially affecting thousands of jobs as the company struggles with a slump in sales at its namesake brand.

** WAL-MART STORES INC, Monday close $71.93, -0.10 pct premarket

A collection of labor and community groups filed a complaint with the Internal Revenue Service accusing Wal-Mart’s charitable foundation of violating its tax exempt status by using donations in an attempt to facilitate store openings in urban areas.

** JETBLUE AIRWAYS CORP, Monday close $19.54

The low-cost U.S. airliner is eyeing a long-range plane from Airbus that could carry its customers to distant places abroad for the first time in its history, potentially growing its network in South America.

** CITIGROUP INC, Monday close $56.65, -0.48 pct premarket

The U.S. bank and rivals in the commodity trade finance sector are facing headwinds of weak oil prices, sanctions on Russia and stiff competition, which have pressured fees.

** AMERICAN AIRLINES GROUP Inc, Monday close $40.07, -0.20 pct premarket

The largest U.S. carrier said on Monday that it would push back delivery of 35 Airbus Group AIR.PA A320neo family jetliners by several years, a move that it said gives it more flexibility to control capacity growth.

** TAHOE RESOURCES INC, Monday close $15.01

Goldcorp Inc will sell its 25.6 percent stake in Tahoe for C$998.5 million ($811.3 million) in a bought deal, the two precious metals producers said on Monday. (Compiled by Yashaswini Swamynathan in Bengaluru; Edited by Maju Samuel)

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