BUZZ-U.S. STOCKS ON THE MOVE-Netflix, Tesla, Baxalta, Unilife

Mon Jan 4, 2016 8:18am EST
 
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U.S. stock index e-mini futures fell on Monday after weak Chinese economic data reignited fears of a global slowdown, sparking a selloff in stock markets on the first trading day of 2016: Dow Jones industrial average futures were down 1.68 percent at 17,050, S&P 500 futures were down 1.66 percent at 2,001.75 and Nasdaq 100 futures were down 1.98 percent at 4,497.

** VALEANT PHARMACEUTICALS INTERNATIONAL INC, Thursday close $101.65, -3.73 pct premarket

Billionaire investor William Ackman said on Thursday he sold about 5 million shares in the drug company in order to generate a tax loss as investors in his Pershing Square Capital Management face the biggest loss in the company's history.

** TESLA MOTORS INC, Thursday close $240.01, -3.76 pct premarket

The pioneering electric car maker said on Sunday that it delivered 17,400 vehicles in the fourth quarter of 2015, just above the low end of its forecast of 17,000-19,000.

Tesla delivered 208 of its new electric SUV, the Model X, in the quarter, below the expectations of some analysts. Robert W Baird analyst Ben Kallo, who had expected Tesla to deliver about 1,000 Model X cars, said deliveries were lower as "the Model X production ramp began later than we had expected" in the fourth quarter.   Continued...