BUZZ-U.S. STOCKS ON THE MOVE-Valeant, Alere, Celator, Apple
(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) Wall Street was lower on Tuesday as a slide in oil prices dragged down energy stocks and investors kept to the sidelines ahead of the U.S. Federal Reserve's policy meeting. The Dow Jones industrial average was down 0.25 percent at 17,185.34, the S&P 500 was down 0.54 percent at 2,008.75 and the Nasdaq Composite was down 0.62 percent at 4,720.86.
** VALEANT PHARMACEUTICALS INTERNATIONAL INC, $41.6, -39.75 pct
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, $50.11, -6.27 pct
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.
** APPLE INC, $104.56, +1.99 pct Continued...