BUZZ-U.S. STOCKS ON THE MOVE-Qualcomm, Outerwall, Fairchild Semiconductor

Tue Dec 8, 2015 8:36am EST
 
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U.S. stock index e-mini futures fell on Tuesday as oil prices steadied but remained close to a 7-year low and weak economic data out of China reignited fear of a slowdown in the global economy: Dow Jones industrial average futures were down 0.99 percent at 17,580, S&P 500 futures were down 1.02 percent at 2,059.75 and Nasdaq 100 futures were down 1.07 percent at 4,650.5.

** NORFOLK SOUTHERN CORP, Monday close $91.52, -2.75 pct premarket

Canadian Pacific Railway Ltd revised its offer to buy U.S. railroad operator Norfolk, less than a week after its previous $28.4 billion proposal was rejected - and it was promptly rejected again.

** FAIRCHILD SEMICONDUCTOR INTERNATIONAL INC, Monday close $19.53, +8.76 pct premarket

The chipmaker said it received an unsolicited proposal to buy the company for about $2.46 billion. The offer is at a 11.1 percent premium to Fairchild's Monday close.

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