BUZZ-U.S. STOCKS ON THE MOVE-Valeant, Sarepta, United Natural Foods

Tue Jun 7, 2016 7:34am 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; 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...