BUZZ-U.S. STOCKS ON THE MOVE-KaloBios, Avon, Fedex, Oculus

Thu Dec 17, 2015 8:45am 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 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...