BUZZ-U.S. STOCKS ON THE MOVE-ITC Holdings, miners, Sears

Tue Feb 9, 2016 7:14am 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, link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) U.S. stock index e-mini futures fell on Tuesday: Dow Jones industrial average futures were down 0.57 percent at 15,897, S&P 500 futures were down 0.58 percent at 1,841.25 and Nasdaq 100 futures were down 0.52 percent at 3,943.5.

** ITC HOLDINGS CORP, Monday close $39.38, +11.68 pct premarket

Canadian utility Fortis Inc said it would buy ITC Holdings, the largest independent power transmission company in the United States, for $6.9 billion in cash and stock.

** SEARS HOLDINGS CORP, Monday close $16.73, -3.41 pct premarket

Sears estimated quarterly sales below analysts' expectations, citing unseasonably warm weather and intense competition, and said it would speed up closure of at least 50 unprofitable stores in the next few months.

** SANOFI SA, Monday close $39.21, -1.22 pct premarket   Continued...