BUZZ-U.S. STOCKS ON THE MOVE-Intersil, Anadarko

Tue Sep 13, 2016 7:40am 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 lower on Tuesday as oil prices fell and investors reassessed the possibility of a near-term rise in U.S. interest rates.

Dow Jones industrial average futures were down 0.67 percent at 18,199, S&P 500 futures were down 0.71 percent at 2,143.25 and Nasdaq 100 futures were down 0.65 percent at 4,735.75.

** INTERSIL CORP, Monday close $19.76, +9.11 pct premarket

Renesas Electronics Corp on Tuesday said it has agreed to buy U.S. chipmaker Intersil Corp for $3.2 billion, an all-cash deal that bolsters the Japanese group's efforts to refocus the company around automotive chips.

** ANADARKO PETROLEUM CORP, Monday close $57.79, -4.62 pct premarket

Freeport McMoRan Inc said on Monday it will sell its deepwater Gulf of Mexico oil and natural gas assets to Anadarko Petroleum Corp for $2 billion as it looks to cut its heavy debt load. (Compiled by Shalom Aarons in Bengaluru; Edited by Shounak Dasgupta)