BUZZ-U.S. STOCKS ON THE MOVE-PepsiCo, Walgreens, Peabody, T-Mobile
(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 higher on Thursday after Beijing's efforts to halt a rout in Chinese stocks finally bore fruit and the U.S. Federal Reserve signaled it might hold off on raising interest rates. Dow Jones industrial average futures were up 0.96 percent at 17,609, S&P 500 futures were up 1.10 percent at 2,061.75 and Nasdaq 100 futures were up 1.12 percent at 4,395.
** PEABODY ENERGY CORP, Wednesday close $1.62, +6.17 pct premarket
The coal miner said it would sell the Wilkie Creek mine and other assets in Queensland to privately held Australian company Exergen Pty Ltd's unit for about $75 million.
** PEPSICO INC, Wednesday close $95.61, +2.66 pct premarket
The company reported better-than-expected quarterly profit and sales and raised its full-year adjusted earnings forecast as higher prices helped drive revenue growth in its beverages business for just the second time in nearly four years.
** APPLE INC, Wednesday close $122.57, +1.00 pct premarket
A federal judge has thrown out a $532.9 million award against Apple and ordered a new trial on damages, in a case where a jury found that the iPhone maker's iTunes software infringed three patents owned by a Texas company. Continued...