BUZZ-U.S. Stocks on the Move-Fresh Pet, Sears, Salix, Steel stocks

Fri Nov 7, 2014 1:16pm EST
 
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U.S. stocks were little changed on Friday, though the Dow and S&P 500 inched up to fresh records as October payrolls data indicated resilience in the face of slowing global demand. Dow Jones industrial average futures were up 0.04 percent at 17,511, S&P 500 futures were up 0.01 percent at 2,028.25 and Nasdaq 100 futures were down 0.15 percent at 4,156.5.

** WALT DISNEY CO, $89.56, -2.65 pct

The media and theme park giant posted a quarterly profit that fell in line with Wall Street expectations as it rode the blockbuster performance of its movie box office hits "Maleficent" and "Guardians of the Galaxy."

But operating income at its sports behemoth ESPN fell due to higher contract rates for high-end National Football League and Major League Baseball games, which helped drag the company's cable networks unit down by 1 percent to $1.3 billion.

The drop at cable networks, the company's largest unit, likely drove Disney shares lower, said Gabelli & Company analyst Brett Harriss, who rates Disney a "hold."

** SALIX PHARMACEUTICALS LTD, $94.71, -31.64 pct

The drugmaker slashed its full-year forecast on Thursday and said inventory for its key drugs piled up, an issue that people familiar with the matter said dissuaded Allergan Inc from acquiring it.   Continued...