December 18, 2015 / 2:06 PM / 2 years ago

BUZZ-U.S. STOCKS ON THE MOVE-Intercept, Knight Transportation, Carmax

5 Min Read

(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 lower on Friday as a selloff in commodity markets showed no signs of easing. Dow Jones industrial average futures were down 0.21 percent at 17,407, S&P 500 futures were down 0.16 percent at 2,031 and Nasdaq 100 futures were up 0.07 percent at 4,581.

** INTERCEPT PHARMACEUTICALS INC, Thursday close $165.95, -8.50 pct premarket

The U.S. Food and Drug Administration has postponed by three months its decision on Intercept Pharmaceuticals' marketing application for its lead drug, to treat a kind of liver disease.

** KNIGHT TRANSPORTATION INC, Thursday close $24.51, -10.20 pct premarket

The company cuts Q4 EPS view to 31-33 cents from 36-38 cents. Knight says lower revenue per total mile hurt trucking and logistics business, reducing EPS by 3-4 cents.

** CARMAX INC, Thursday close $57.15, -7.35 pct premarket

The largest U.S. used-car seller reports Q3 revenue and profit below average analyst estimates as store traffic decreased

** RED HAT INC, Thursday close $78.86, +6.94 pct premarket

The Linux OS distributor raised its full-year revenue forecast for the second time, helped by a 14 percent jump in deferred revenue. The company reported better-than-expected Q3 profit, boosted by higher software subscription revenue.

** CENTENE CORP, Thursday close $61.86, +3.14 pct premarket

The drugmaker raised its 2015 profit forecast and reaffirmed its guidance for revenue, ahead of completing its $6.3 billion acquisition of smaller health insurer Health Net Inc.

** QIHOO 360 TECHNOLOGY CO, Thursday close $71.81, +1.87 pct premarket

The Chinese mobile security software maker said it agreed to be acquired by a consortium of investors for about $9.3 billion, including about $1.6 billion of debt.

** BLACKBERRY LTD, Thursday close $7.8, +2.95 pct premarket

The phone maker reported a fiscal third-quarter loss as widely anticipated, but posted its first quarter-to-quarter revenue gain in over two years, indicating that turnaround efforts may be gaining traction.

** NORFOLK SOUTHERN CORP, Thursday close $85.06, -1.16 pct premarket

Canadian Pacific Railway Ltd's $27 billion bid for Norfolk Southern risks coming unstuck due to regulatory scrutiny of its impact on the U.S. rail market, in particular the possibility it could spark competition-crushing rival deals, according to former regulators and analysts.

** BIOMARIN PHARMACEUTICAL INC, Thursday close $100.64, -0.64 pct premarket

The drug developer said it was notified by the U.S. Food and Drug Administration that it would not be able to decide on the marketing of the company's lead drug as scheduled.

** ELI LILLY AND CO, Thursday close $86.22, +0.72 pct premarket

The European Medicines Agency said on Friday its experts had recommended marketing approval for lung cancer drugs developed by AstraZeneca Plc and Eli Lilly, although approval for AstraZeneca's drug came with conditions.

** APPLE INC, Thursday close $108.98, -0.30 pct premarket

The Iphone maker said it will launch its payment service in China as soon as 2016, pitting it against entrenched Chinese rivals Alibaba Group Holding and Tencent Holdings .

** ALIBABA GROUP HOLDING LTD, Thursday close $83.56, -0.66 pct premarket

The Chinese e-commerce giant has avoided being named on a U.S. blacklist for sites hosting the sale of fake goods, a victory for the firm after lobbying hard to avoid inclusion on the list.

** YELP INC, Thursday close $27.42

The review site and restaurant reservation service OpenTable have quietly ended a long-running partnership, the companies confirmed on Thursday, as the one-time allies increasingly eye each other's businesses.

** POWER INTEGRATIONS INC, Thursday close $47.83

The company said a jury awarded the company 139.8 million in damages from Fairchild Semiconductor International Inc for infringing two of its patents after a trial in a San Francisco federal court.

** LAS VEGAS SANDS CORP, Thursday close $41.82

The gambling giant's Chief Executive Sheldon Adelson said on Friday that a long-term slide in Macau's gaming market is close to bottoming out, with a turnaround in sight in 2016 after 18 consecutive months of declines.

** WENDY'S CO, Thursday close $10.5

The U.S. burger chain operator said Chief Financial Officer Todd Penegor would take on the additional role of president, starting the process for him to replace Emil Brolick as chief executive in May.

** STAPLES, Thursday close $9.48

The U.S. Federal Trade Commission is looking for office supply store Staples to improve its offer to divest assets to further its bid to buy rival Office Depot, the agency said in court on Thursday. (Compiled by Rosmi Shaji in Bengaluru; Edited by Don Sebastian)

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