BUZZ-U.S. STOCKS ON THE MOVE-Akorn, Applied Materials, Deutsche Bank

Mon Apr 27, 2015 7:33am EDT
 
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(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter, link.reuters.com/mex49s) Dow Jones industrial average futures were up 0.24 percent at 18,060, S&P 500 futures were up 0.20 percent at 2,116 and Nasdaq 100 futures were up 0.23 percent at 4,539.5.

** IGATE CORP, Friday close $45.85, +3.60 pct premarket

French IT services company Cap Gemini Sa said it planned to buy United States-based IGATE for $4 billion to make North America, its biggest market, and is raising its sales forecast for 2015 after a solid first quarter.

** APPLIED MATERIALS INC, Friday close $21.8, -6.74 pct premarket

Applied Materials Inc and Tokyo Electron Ltd said they have given up plans to merge in a deal that would have been worth more than $10 billion, citing problems in getting approval from U.S. antitrust regulators.

** PRECISION DRILLING CORP, Friday close $6.85   Continued...