July 27, 2015 / 1:10 PM / 2 years ago

BUZZ-U.S. STOCKS ON THE MOVE-Chinese ADRs, Bellerophon, Allergan

(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 fell sharply on Monday on concerns about China's slowing growth in the wake of the biggest drop in Shanghai shares in eight years. Dow Jones industrial average futures were down 0.70 percent at 17,400, S&P 500 futures were down 0.57 percent at 2,065.75 and Nasdaq 100 futures were down 0.66 percent at 4,531.5.

** Alibaba Group Holding Ltd, Friday close $83.02, -2.67 pct premarket

** Baozun Inc, Friday close $8.13, -7.63 pct premarket

** Sohu.com Inc, Friday close $8.13, -7.63 pct premarket

** Baidu Inc, Friday close $206.25, -3.19 pct premarket

** JD.com Inc, Friday close $34.64, -4.59 pct premarket

** YY Inc, Friday close $59.9, -4.19 pct premarket

Chinese shares tumbled more than 8 percent on Monday as an unprecedented government rescue plan to prop up valuations abruptly ran out of steam, throwing the viability of Beijing’s efforts to stave off a deeper crash into doubt.

The China Securities Financial Corporation (CSFC) has returned ahead of schedule some of the funds it borrowed from commercial banks to stabilise the stock market, three people in the banking industry with direct knowledge told Reuters.

** BELLEROPHON THERAPEUTICS INC, Friday close $7.65, -60.78 pct premarket

** BIOLINERX LTD, Friday close $2.12, -18.40 pct premarket

The implantable heart device Bioline licensed to Bellerophon failed to prevent heart failure in patients in a large study, casting doubts over the device getting European approval.

** TEVA PHARMACEUTICAL INDUSTRIES LTD, Friday close $61.85, +11.06 pct premarket

** ALLERGAN PLC, Friday close $308.21, +6.85 pct premarket

** MYLAN NV, Friday close $65.94, -13.59 pct premarket

Teva Pharmaceutical Industries has agreed to buy Allergan’s generic drugs business for $40.5 billion in a deal that will turn Teva into one of the top 10 pharmaceutical companies.

Teva dropped its $40 billion bid for Mylan, which hit a snag when a Dutch foundation linked to Mylan bought temporary control of half the company in an attempt to block the takeover.

** BEACON ROOFING SUPPLY INC, Friday close $30.08, +8.64 pct premarket

The roofing products maker will buy roofing products distributor Roofing Supply Group in a deal valued at about $1.1 billion, to expand in key housing markets of California, Florida and Texas.

** RESTAURANT BRANDS INTERNATIONAL INC, Friday close $40.09, +3.52 pct premarket

The company formed out of Burger King’s takeover of Canadian coffee and doughnut chain Tim Hortons last year reported a better-than-expected quarterly profit on strong sales of its newly launched menu items.

** FIAT CHRYSLER AUTOMOBILES NV, Friday close $15.15, -3.17 pct premarket

The U.S. auto safety watchdog, toughening its stance against manufacturer defects, announced on Sunday a record $105 million in fines against Fiat Chrysler Automobiles NV over lapses in safety recalls involving millions of vehicles.

** FACEBOOK INC, Friday close $96.95, -0.58 pct premarket

The social networking website plans to scale up its service to offer free basic Internet on mobile phones, an executive said, after introducing the application in 17 developing countries over the past year.

** GENERAL ELECTRIC CO, Friday close $25.75, -0.85 pct premarket

General Electric Co wants to be a “sizable” player in the market for systems that store energy to manage power volatility, a sector the company expects to quadruple to $6 billion by 2020, the head of GE’s energy storage business told Reuters.

** GOLDMAN SACHS GROUP INC, Friday close $207.35, -0.94 pct premarket

Symphony Communication Services LLC, an instant messaging software company backed by Goldman Sachs Group Inc and other finiancial institutions, is seeking additional funding that could value the startup at up to $1 billion, the Wall Street Journal reported on Sunday.

** VIACOM INC, Friday close $56.41,+0.00 pct premarket

For the first time, cable TV network Nickelodeon staged a casting call at VidCon, a convention that draws stars of YouTube and social media like Vine, Instagram and Snapchat and their passionate followers.

** NORFOLK SOUTHERN CORP, Friday close $82.96

U.S. railroad Norfolk Southern Corp on Monday reported a lower quarterly net profit due to falling coal freight shipments and a decline in fuel surcharge revenue.

** VERIZON COMMUNICATION INC, Friday close $46.04, -0.30 pct premarket

The broadband and telecommunications company’s wireline unit workers on the U.S. East Coast have voted to go on strike, if needed, amid contract negotiations, the unions representing them said on Saturday.

** WHITE MOUNTAINS INSURANCE GROUP LTD, Friday close $675.27

Bermuda-based White Mountains Insurance Group Ltd said it had agreed to sell property and casualty reinsurer Sirius International Insurance Group Ltd to the Singapore-based investment arm of China Minsheng Investment Corp Ltd for about $2.24 billion in cash.

** MCGRAW HILL FINANCIAL INC, Friday close $105.58

The parent of the Standard & Poor’s ratings agency said it would buy SNL Financial LC, a financial data and information company owned by private equity firm New Mountain Capital LLC, for about $2.23 billion. (Compiled by Ankit Ajmera in Bengaluru; Edited by Don Sebastian)

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