BUZZ-U.S. STOCKS ON THE MOVE-Zynga, Alibaba, Valeant

Wed Mar 2, 2016 7:31am 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 Wednesday: Dow Jones industrial average futures were down 0.18 percent at 16,818, S&P 500 futures were down 0.21 percent at 1,973.75 and Nasdaq 100 futures were down 0.14 percent at 4,331.75.

** ZYNGA INC, Tuesday close $2.16, +4.17 pct premarket

The creator of "FarmVille" named former Electronic Arts Inc executive Frank Gibeau as its chief executive, betting on an industry veteran to help accelerate its transition into a company focused on mobile gaming.

** ALIBABA GROUP HOLDING LTD, Tuesday close $70.86, +1.27 pct premarket

Ant Financial Services Group, the finance arm of the Chinese e-commerce giant, is in talks to invest in business magazine publisher Caixin Media, Bloomberg reported on Tuesday, citing people familiar with the matter. Caixin, founded by Hu Shuli, has been discussing a stake sale with Ant Financial which operates Alipay and Alipay Wallet, Bloomberg said. (bloom.bg/1oO77Mt)

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