BUZZ-U.S. STOCKS ON THE MOVE-Chesapeake, Hertz, National Oilwell

Mon Apr 11, 2016 9:12am 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 higher on Monday as investors brace for the corporate earnings season, with Alcoa set to post first-quarter results after the market closes: Dow Jones industrial average futures were up 0.48 percent at 17,569, S&P 500 futures were up 0.50 percent at 2,051 and Nasdaq 100 futures were up 0.56 percent at 4,492.25.

** CHESAPEAKE ENERGY CORP Friday close $3.76, +7.98 pct premarket

The No.2 U.S. natural gas producer said its borrowing base was reaffirmed at $4 billion, but the company had to pledge additional assets as collateral.

** HERTZ GLOBAL HOLDINGS INC Friday close $9.7, -6.70 pct premarket

** AVIS BUDGET GROUP INC Friday close $24.7, -4.66 pct premarket

Hertz said it expected first-quarter and full-year car rental revenue to be lower than previously forecast due to excess industry (fleet) capacity.

** NATIONAL OILWELL VARCO INC Friday close $29.11, -5.02 pct premarket   Continued...