April 13, 2015 / 12:27 PM / 2 years ago

BUZZ-U.S. STOCKS ON THE MOVE-Qualcomm, Nokia, Netflix, Clovis

4 Min Read

(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter, link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) U.S. stock index futures pulled back after three straight days of gains as the corporate earnings season was poised to kick into high gear with a slew of reports this week. Dow Jones industrial average futures were down 0.18 percent at 17,941, S&P 500 futures were down 0.20 percent at 2,091.25 and Nasdaq 100 futures were down 0.02 percent at 4,413.75.

** QUALCOMM INC, Friday close $69.16, +4.90 pct premarket

Activist investor Jana Partners is asking the chipmaker to consider spinning off its chip unit from its patent-licensing business to boost the chipmaker's sagging stock price, the Wall Street Journal reported, citing a quarterly letter that will be sent to Jana investors on Monday.

** ALAMOS GOLD INC, Friday close $5.89

** AURICO GOLD INC, Friday close $2.99, +0.00 pct premarket

Canadian gold producers Alamos Gold and AuRico Gold said they would merge in a deal valued at about $1.5 billion.

** NOKIA, Friday close $8.06, +1.24 pct premarket

The Finnish network equipment maker is considering selling its maps business known as HERE, a source familiar with the matter said on Friday.

** CLOVIS ONCOLOGY INC, Friday close $77.4, +7.38 pct premarket

Analysts at Goldman Sachs upgraded the cancer drug developer's stock to "buy" from "neutral" and also raised their price target to $117 from $68.

** GENERAL MOTORS CO, Friday close $36.57, +0.16 pct premarket

The automaker is considering plans to spend as much as $1 billion renovating its Technical Center, a facility that is more than 50 years old, Bloomberg reported.

** NETFLIX INC, Friday close $454.57, +2.83 pct premarket

The streaming video service provider is seeking to increase its share authorization by nearly 30 times, the video streaming service said in a filing with regulators.

** SYMANTEC CORP, Friday close $25.58, -2.38 pct premarket

The security software maker has been seeking buyers for its storage software business, Veritas, or the entire company for several months, sources familiar with the matter said.

** UNITED PARCEL SERVICE INC, Friday close $96.79, +0.09 pct premarket

The package delivery company plans to invest 1 billion euros ($1.05 billion) in Europe to expand its package delivery network, German magazine Wirtschaftswoche reported on Sunday, without citing its sources.

** WAL-MART STORES INC, Friday close $80.65, +0.16 pct premarket

The retailer said the Walton family was putting 6 percent of its outstanding shares in a newly formed trust for possible sale to offset expected increases in its stake due to stock buybacks and to help fund charitable contributions.

** GOLDMAN SACHS GROUP INC, Friday close $195.64, +0.00 pct premarket

U.S. investment firm D.E. Shaw has started exclusive talks to buy the Italian non-performing loan business of Archon, a real estate unit of investment bank Goldman Sachs, two sources close to the matter said. (Compiled by Anannya Pramanick in Bengaluru; Edited by Maju Samuel)

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