BUZZ-U.S. STOCKS ON THE MOVE-Chesapeake, Shutterfly, Johnson & Johnson
(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 Wednesday as oil prices fell after top producer Saudi Arabia ruled out production cuts. Dow Jones industrial average futures were down 0.91 percent at 16,247, S&P 500 futures were down 0.90 percent at 1,898.75 and Nasdaq 100 futures were down 1.24 percent at 4,107.75.
** CHESAPEAKE ENERGY CORP, Tuesday close $2.19, -4.11 pct premarket
The U.S. natural gas producer forecast lower capital spending for 2016 and said it would sell more assets worth $500 million-$1 billion.
** SHUTTERFLY INC, Tuesday close $43.98, -35.08 pct premarket
Private equity firm Thomas H. Lee Partners LP has approached U.S. digital imaging company with a preliminary acquisition proposal, people familiar with the matter said on Tuesday.
** JOHNSON & JOHNSON, Tuesday close $104.08, -2.96 pct premarket Continued...