BUZZ-U.S. STOCKS ON THE MOVE-KaloBios, Avon, Fedex, Oculus
(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, a day after the Federal Reserve raised interest rates for the first time in almost a decade, signaling confidence in the strength of the world's largest economy. Dow Jones industrial average futures were up 0.22 percent at 17,774, S&P 500 futures were up 0.19 percent at 2,076 and Nasdaq 100 futures were up 0.37 percent at 4,680.25.
** KALOBIOS PHARMACEUTICALS INC, Wednesday close $23.59, -53.24 pct premarket
The FBI on Thursday arrested Martin Shkreli, the CEO of KaloBios and privately held Turing Pharmaceuticals, on securities fraud charges.
** AVON PRODUCTS INC, Wednesday close $4.09, +12.71 pct premarket
Private equity firm Cerberus Capital Management LP is close to an agreement to buy 80 percent of Avon's North American business for $170 million, the Wall Street Journal reported on Thursday.
** FEDEX CORP, Wednesday close $148.83, +5.49 pct premarket Continued...