BUZZ-U.S. STOCKS ON THE MOVE-Valeant, Alere, Apple, Mead Johnson, Linn

Tue Mar 15, 2016 9:14am EDT
 
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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 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 0.46 percent at 17,142, 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.

** APPLE INC, Monday close $102.52, +1.75 pct premarket

Morgan Stanley raised its estimate for the company's first-quarter iPhone unit sales to 56.5 million from previous estimate of 49 million. The iPhone maker said China delivering strongest growth.

** VALEANT PHARMACEUTICALS INTERNATIONAL INC, Monday close $69.04, -19.18 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, -6.10 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.   Continued...