BUZZ-U.S. STOCKS ON THE MOVE-Valeant, DryShips, Biogen, LDR, 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) U.S. stocks were little changed on Tuesday as gains in energy and IT companies were offset by tumbling healthcare shares, a day after Federal Reserve Chair Janet Yellen painted a mostly positive picture of the economy. The Dow Jones industrial average was up 0.29 percent at 17,972.93, the S&P 500 was up 0.15 percent at 2,112.64 and the Nasdaq Composite was unchanged at 4,968.81.
** VALEANT PHARMACEUTICALS INTERNATIONAL INC, $22.89, -20.66 pct
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.
** RALPH LAUREN CORP, $89.05, -7.56 pct
The luxury fashion retailer said it would cut jobs, close stores and reduce its real estate as part of a sweeping plan to lower costs and revive sales growth.
** SAREPTA THERAPEUTICS INC, $20.65, +28.66 pct Continued...