BUZZ-U.S. STOCKS ON THE MOVE-Amarin, Blue Buffalo, Chipotle, Valeant
(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 higher on Wednesday, tracking a rise in oil prices, even as investors remained wary of weakness in the global economy, led by China. Dow Jones industrial average futures were up 0.53 percent at 17,062, S&P 500 futures were up 0.56 percent at 1,992 and Nasdaq 100 futures were up 0.57 percent at 4,294.75.
** VALEANT PHARMACEUTICALS INTERNATIONAL INC, Tuesday close $63.15
The embattled drug company, whose stock price has tumbled 38 percent this year, will appoint three new board members as soon as Wednesday, people familiar with the matter said on Tuesday.
** CHEVRON CORP, Tuesday close $88.74, +0.73 pct premarket
The company will add two drilling rigs to the oil-rich Permian shale of West Texas in 2016, part of a bet that crude prices CLc1 will rise this year from near 10-year lows.
** LOCKHEED MARTIN CORP, Tuesday close $215.34
The weapons maker's aeronautics business said it plans to reduce about 1,000 positions in the United States through a "voluntary layoff" program. Continued...