BUZZ-U.S. STOCKS ON THE MOVE-Tribune, Perrigo, Sarepta, Xerox
(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 slightly lower on Monday after a rally that pushed the S&P 500 closer to its record high as investors turned cautious ahead of the U.S. Federal Reserve meeting this week. Dow Jones industrial average futures were down 0.28 percent at 17,867, S&P 500 futures were down 0.34 percent at 2,079 and Nasdaq 100 futures were down 0.29 percent at 4,452.75.
** TRIBUNE PUBLISHING CO, Friday close $7.52, +57.05 pct premarket
** GANNETT CO, Friday close $15.77, -0.44 pct premarket
The Company is to be bought by Gannett, the publisher of USA Today, for $815 million, including the assumption of debt.
** SAREPTA THERAPEUTICS INC, Friday close $14.95, +7.02 pct premarket
Sarepta's muscle wasting drug got a new lease of life on Friday after staff at the U.S. Food and Drug Administration made it necessary that an independent panel of experts recommend on Monday on whether the drug should be approved or not. Sarepta's stock surged 36 percent on Friday. They closed down about 44 percent on Thursday, when the staff reviewers issued a scathing review on the drug.
** PERRIGO CO PLC, Friday close $121.35, -12.66 pct premarket
** VALEANT PHARMACEUTICALS INTERNATIONAL INC, Friday close $35.98 Continued...