BUZZ-U.S. STOCKS ON THE MOVE-Valeant, Pacific Sunwear, Wynn Resorts

Thu Apr 7, 2016 12:10pm EDT
 
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Wall Street was lower on Thursday as oil prices slid and minutes from the U.S. Federal Reserve's meeting sparked fresh worries about the risks from a weakening global economy. The Dow Jones industrial average was down 0.88 percent at 17,560.25, the S&P 500 was down 0.94 percent at 2,047.22 and the Nasdaq Composite was down 1.12 percent at 4,865.771.

** VALEANT PHARMACEUTICALS INTERNATIONAL INC, $36.27, +6.15 pct

The drugmaker said it had obtained approval from its lenders for an amendment and waiver to its credit facility, giving the embattled drugmaker an extra month to file its annual report.

** PACIFIC SUNWEAR OF CALIFORNIA INC, $0.0599, -36.95 pct

The struggling teen apparel retailer filed for Chapter 11 bankruptcy protection on Thursday, succumbing to mounting losses and intense competition in the industry.

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