BUZZ-U.S. STOCKS ON THE MOVE-Steelcase, Qunar, Red Hat, Bed Bath & Beyond

Thu Jun 23, 2016 9:00am 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,; for the Morning News Call newsletter, U.S. stock index futures were at their highest level in a month on Thursday as investors saw an increased chance of Britain remaining in the European Union, a scenario that would avert a possible financial crisis. Dow Jones industrial average futures were up 0.97 percent at 17,860, S&P 500 futures were up 0.96 percent at 2,096.75 and Nasdaq 100 futures were up 0.98 percent at 4,437.5.

** STEELCASE INC, Wednesday close $14.73, -10.39 pct premarket

The office furniture maker forecast lower-than-expected second quarter sales, adjusted earnings per share due to fall in orders in Americas, Middle East, Africa, U.K.

** QUNAR CAYMAN ISLANDS LTD, Wednesday close $26.42, +8.97 pct premarket

The Chinese online travel company said a unit of private equity fund Ocean Imagination LP offered to acquire the company at $30.39 per American depositary share, representing a premium of 15 percent to the stock's Wednesday close.

** RED HAT INC, Wednesday close $79.75, -6.09 pct premarket

The world's largest commercial distributor of the Linux operating system said it would buy software management provider 3scale, but cut its full-year adjusted profit outlook mainly due to costs related to the deal.   Continued...