BUZZ-U.S. STOCKS ON THE MOVE-Chesapeake, Etsy, Encana, Dreamworks

Wed Feb 24, 2016 9:20am 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. stocks were set to open lower on Wednesday as crude prices slid after top producer Saudi Arabia ruled out production cuts to help tackle a global glut. Dow Jones industrial average futures were down 0.90 percent at 16,249, S&P 500 futures were down 0.87 percent at 1,899.25 and Nasdaq 100 futures were down 1.21 percent at 4,109.

** CHESAPEAKE ENERGY CORP, Tuesday close $2.19, +9.59 pct premarket

U.S. natural gas producer Chesapeake Energy said it would make a debt payment due in March and that it planned to sell more assets as it aims to slash its debt load amid collapsing energy prices.

** SHUTTERFLY INC, Tuesday close $43.98, -2.77 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.

** JPMORGAN CHASE & CO, Tuesday close $56.12, -1.73 pct premarket   Continued...