BUZZ-U.S. STOCKS ON THE MOVE-Qualcomm, Onconova, United Natural Foods

Tue Dec 8, 2015 9:13am EST
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(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter,; for the Morning News Call newsletter,

U.S. stock index e-mini futures fell on Tuesday as weak trade data out of China reignited fears of a global economic slowdown and oil prices continued to slide: Dow Jones industrial average futures were down 1.10 percent at 17,561, S&P 500 futures were down 1.15 percent at 2,057 and Nasdaq 100 futures were down 1.21 percent at 4,644.

** FAIRCHILD SEMICONDUCTOR INTERNATIONAL INC, Monday close $19.53, +7.68 pct premarket

The chipmaker said it received an unsolicited buyout proposal that values the company at $2.46 billion, topping an earlier offer made by ON Semiconductor Corp. The cash offer of $21.70 per share is a 11.1 percent premium to Fairchild's Monday close.

** QUALCOMM INC, Monday close $52.43, -3.49 pct premarket

EU antitrust regulators accuse the chipmaker of using its power to thwart rivals, putting the company at risk of paying a hefty fine. Qualcomm also said Taiwan's Fair Trade Commission had launched an investigation into whether its patent licensing arrangements violate the Taiwan Fair Trade Act.