BUZZ-U.S. STOCKS ON THE MOVE-Valeant, Alere, Outerwall, DSW, Mead 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 Tuesday as the Bank of Japan's gloomy view about the Japanese economy troubled investors ahead of the U.S. Federal Reserve's two-day policy meeting. Dow Jones industrial average futures were down 0.43 percent at 17,148, S&P 500 futures were down 0.52 percent at 2,008.25 and Nasdaq 100 futures were down 0.32 percent at 4,352.
** VALEANT PHARMACEUTICALS INTERNATIONAL INC, Monday close $69.04, -17.44 pct premarket
The Canadian drugmaker cut its revenue forecast for the year by about 12 percent, or $1.5 billion, citing slower growth in its U.S. dermatology, gastrointestinal and women's health businesses.
** ALERE INC, Monday close $53.46, -7.41 pct premarket
The diagnostics company, which has agreed to be acquired by Abbott Laboratories, said it had received a grand jury subpoena from the U.S. Department of Justice seeking documents relating to its sales practices in Africa, Asia and Latin America.
** OUTERWALL INC, Monday close $34.39, +13.35 pct premarket
The Redbox DVD rental kiosk owner is to explore strategic and financial alternatives, nearly a month after its second-largest shareholder, Engaged Capital LlC, urged the company to explore strategic options, including taking it private. Continued...