BUZZ-U.S. STOCKS ON THE MOVE-Apple, Glu Mobile, Baidu, Yelp
(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 were lower on Thursday, a day after data showed that U.S. economic growth slowed to a crawl in the first quarter and a Federal Reserve statement that provided little clarity on a rate hike timeline. Dow Jones industrial average e-mini futures were down 0.22 percent at 17,915, S&P 500 futures were down 0.20 percent at 2,094.75 and Nasdaq 100 futures were down 0.41 percent at 4,461.5.
** APPLE INC, Wednesday close $128.64, -0.73 pct premarket
The iPhone maker is facing limited availability of the Apple Watch after a key component supplied by a Chinese company was found to be defective, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.
** GLU MOBILE INC, Wednesday close $5.4, +22.96 pct premarket
Tencent Holdings Ltd, the dominant social networking and online entertainment company in China, has agreed to buy 14.6 percent of mobile game developer Glu for $126 million to expand in the U.S. gaming market.
** BAIDU INC, Wednesday close $219, -3.20 pct premarket
China's dominant Internet search engine posted its slowest revenue growth rate in almost seven years in the first quarter of 2015, as customers spent less on its core online marketing business. Continued...