BUZZ-U.S. Stocks on the Move-Cognizant, Time Warner, Elecsys, Stratasys
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U.S. stock index futures pointed to a higher open on Wednesday after the Republican Party took control of the Senate in the midterm elections, as expected, and following a report on the labor market that was stronger than expected. Dow Jones industrial average futures were up 0.56 percent at 17,402, S&P 500 futures were up 0.62 percent at 2,018 and Nasdaq 100 futures were up 0.67 percent at 4,171.25.
** TRIPADVISOR INC, Tuesday close $83.79, -12.04 pct premarket
The travel review website reported a quarterly profit that missed analyst estimates by a wide margin as marketing costs jumped by nearly two-thirds and referral revenue lagged the company's expectations.
** ELECSYS CORP, Tuesday close $9.57, +81.30 pct premarket
Irrigation systems maker Lindsay Corp has agreed to buy the communications equipment maker for $70.5 million, or $17.50 per share in cash, a premium of about 83 percent to the stock's close on Tuesday. Continued...