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,; for the Morning News Call newsletter, 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...