BUZZ-U.S. STOCKS ON THE MOVE-Apple, Yahoo, U.S. Steel, Open Text

Wed Jan 28, 2015 7:41am EST
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(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter,; for the Morning News Call newsletter,

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...