BUZZ-U.S. STOCKS ON THE MOVE-DryShips, Ralph Lauren, Catalent, Erickson
(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) Wall Street was set for a higher opening on Tuesday, a day after Federal Reserve Chair Janet Yellen expressed confidence in the health of the economy, and as oil prices touched 2016 highs. Dow Jones industrial average futures were up 0.13 percent at 17,939, S&P 500 futures were up 0.06 percent at 2,109.5 and Nasdaq 100 futures were up 0.03 percent at 4,527.
** VALEANT PHARMACEUTICALS INTERNATIONAL INC, Monday close $28.85, -18.37 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, -0.24 pct premarket
** YAHOO INC, Monday close $37.07, -0.62 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.
** RALPH LAUREN CORP, Monday close $96.33, -11.14 pct premarket Continued...