March 10, 2015 / 11:34 AM / 2 years ago

CORRECTED-BUZZ-U.S. STOCKS ON THE MOVE-Urban Outfitters, Qualcomm

4 Min Read

(Corrects company name in Ocular Therapeutix item)

U.S. stock index futures fell on Tuesday, pressured by weaker-than-expected data out of China as well as ongoing concerns about debt talks in Greece. Dow Jones industrial average futures were down 0.87 percent at 17,814, S&P 500 futures were down 0.90 percent at 2,059 and Nasdaq 100 futures were down 0.80 percent at 4,378.25.

** APPLE INC, Monday close $127.14, -0.82 pct premarket

Apple launched its long-awaited watch on Monday, including yellow or rose gold models with sapphire faces costing up to $17,000, but some investors questioned whether Chief Executive Tim Cook's first product would be a breakaway hit.

** URBAN OUTFITTERS INC, Monday close $39.51, +6.81 pct premarket

The apparel retailer reported a better-than-expected quarterly profit as comparable sales rose for the first time in a year, helped by a recovery at the company's namesake brand and strong demand for its Free People line of clothes.

** QUALCOMM INC, Monday close $72.705, +2.29 pct premarket

The chipmaker said it would buy back up to $15 billion of shares and raise its quarterly dividend. The new buyback plan replaces the previous program, which had $2.1 billion authorization remaining, Qualcomm said.

** VALEANT PHARMACEUTICALS, Monday close $204.69

Billionaire investor William Ackman has purchased a 5 percent stake in Valeant, his hedge fund said on Monday, making him the Canadian drug company's fifth-largest stakeholder.

** BOEING CO, Monday close $154.75

Boeing pledged on Monday to improve the efficiency and seating capacity of its 777 to shore up production of its most profitable airliner before it switches to a newer model.

** EXELIS INC, Monday close $23.91

The U.S. aerospace company is close to unveiling a low-altitude surveillance system for drones, the latest sign of how a "highway in the sky" is likely to evolve.

** VERISK ANALYTICS INC, Monday close $23.91

The provider of risk assessment data to the insurance industry said it would buy British energy consultancy Wood Mackenzie for 1.85 billion pounds ($2.78 billion) from buyout firm Hellman & Friedman LLC.

** PFIZER INC, Monday close $34.03

The U.S. Food and Drug Administration warned on Monday that Pfizer's quit-smoking drug, Chantix, has been associated with seizures and that some patients who drink while taking the drug may become aggressive or black out.

** MARKIT LTD, Monday close $26.02

The financial data company will acquire the Halifax House Price Index, a closely watched gauge of British house prices, from Lloyds Banking Group, the companies said in a statement on Tuesday. [ID:nS8N0T9018

** BPZ RESOURCES INC, Monday close $0.153

The Texas-based oil producer with operations in Peru filed for bankruptcy protection on Monday, becoming the latest energy company to fold amid low oil prices.

** ALIBABA GROUP HOLDING LTD, Monday close $82.53, -1.24 pct premarket

Alibaba appointed Jeff Zhang to oversee its main services on Monday, bringing Taobao, Tmall and Juhuasuan into a newly created "China Retail Marketplaces" division.

The appointment marks one of the highest-profile personnel shuffles since China's largest e-commerce company went public in September.

** OCULAR THERAPEUTIX, Monday close $40.25

Ocular said its lead eye drug reduced pain and inflammation in patients following cataract surgery in a late-stage trial. The company said it expects results from a second late-stage study for the drug, OTX-DP, by the end of March.

** BARNES & NOBLE INC, Monday close $24.86

The biggest U.S. book store chain is expected to report lower-then expected revenue for the third quarter, according to Thomson Reuters StarMine. The company said last month that it would keep its Nook Digital unit and spin off its college bookstore business, scrapping an earlier plan to divest a combination of both as it seeks to focus on its core retail business and expand online offerings. (Compiled by Rohit T.K. in Bengaluru; Edited by Maju Samuel)

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