BUZZ-U.S. STOCKS ON THE MOVE-Apple, Yahoo, U.S. Steel, Open Text
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U.S. stock index e-mini futures were little changed on Wednesday: Dow Jones industrial average futures were up 0.14 percent at 17,403, S&P 500 futures were up 0.37 percent at 2,037.5 and Nasdaq 100 futures were up 1.16 percent at 4,226.
** APPLE INC, Tuesday close $109.14, +9.22 pct premarket
The iPhone maker's quarterly results smashed Wall Street expectations with record sales of big-screen iPhones in the holiday shopping season and a 70 percent rise in China sales, powering the company to the largest profit in corporate history.
** YAHOO INC, Tuesday close $47.99, +6.79 pct premarket
** ALIBABA GROUP HOLDINGS INC, Tuesday close $102.94, -0.17 pct premarket
Yahoo plans to spin off its 15 percent stake in China's Alibaba, responding to pressure to hand over to shareholders its prized e-commerce investment valued at roughly $40 billion.
A China regulator has accused Alibaba of failing to clean up what it called illegal business deals on the e-commerce titan's platforms, in an unusually strong government criticism of one of the country's biggest private firms. Continued...