BUZZ-U.S. STOCKS ON THE MOVE-Valeant, Sarepta, United Natural Foods
(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 Tuesday, a day after Federal Reserve Chair Janet Yellen expressed confidence in the health of the economy, but was less hawkish on raising interest rates in the near-term. Dow Jones industrial average futures were up 0.30 percent at 17,969, S&P 500 futures were up 0.26 percent at 2,113.75 and Nasdaq 100 futures were up 0.31 percent at 4,539.75.
** VALEANT PHARMACEUTICALS INTERNATIONAL INC, Monday close $28.85, -14.70 pct premarket
The Canadian drugmaker, under scrutiny for business and accounting practices, reported a lower-than-expected quarterly profit and cut its full-year earnings and revenue forecast.
** VERIZON COMMUNICATIONS INC, Monday close $50.71
** YAHOO INC, Monday close $37.07, -1.13 pct premarket
Verizon plans to submit a second-round bid of around $3 billion for Yahoo's core internet business, the Wall Street Journal reported, citing people familiar with the matter.
** SAREPTA THERAPEUTICS INC, Monday close $16.05, +34.58 pct premarket Continued...