BUZZ-U.S. STOCKS ON THE MOVE-World Acceptance, Venaxis, Merrimack Pharma
(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) Wall Street was set to open higher on Thursday as data showed that the U.S. economy was on the path to recovery after consumer spending recorded its largest increase in nearly six years. Dow Jones industrial average futures were up 0.34 percent at 17,944, S&P 500 futures were up 0.32 percent at 2,106.25 and Nasdaq 100 futures were up 0.40 percent at 4,534.
** MOLYCORP INC, Wednesday close $0.3587, -38.39 pct premarket
The sole U.S. supplier of rare earths filed for Chapter 11 bankruptcy protection along with its North American subsidiaries to restructure $1.7 billion of debt in its U.S. and Canadian operations.
** CLEVELAND BIOLABS INC, Wednesday close $2.83, +97.17 pct premarket
The drug developer signed a private placement agreement with David Davidovich, a venture capital investor, for sale of 6.4 million common shares at $3.87/share for $25 million.
** VENAXIS INC, Wednesday close $0.556, -19.24 pct premarket Continued...