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, link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) 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...