September 30, 2014 / 12:53 PM / 4 years ago

BUZZ-U.S. Stocks on the Move-EBay, Move, DreamWorks, Synnex

(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for more market insights, including options activity, ; for the Day Ahead newsletter,; for the Morning News Call newsletter, U.S. stock index futures were modestly higher on Tuesday, indicating a rebound from the previous session's decline as investors once again used a pullback as a buying opportunity. Dow Jones industrial average futures were up 0.28 percent at 17,028, S&P 500 futures were up 0.32 percent at 1,975.75 and Nasdaq 100 futures were up 0.55 percent at 4,057.75.

** EBAY INC, Monday close $52.66, +7.35 pct premarket

The online retailer said it would spin off PayPal, its fast-growing payments business, into a publicly traded company in the second half of 2015, marking an about-face for the company.

EBay CEO John Donahoe had resisted demands by activist investor Carl Icahn to hive off the service, saying PayPal was integral to eBay’s business - and vice versa.

** DREAMWORKS ANIMATION SKG INC, Monday close $28.18, -10.22 pct premarket

Softbank Corp's talks to acquire the Hollywood studio have cooled, the Wall Street Journal reported citing people familiar with the matter. The talks valued the maker of hit movies such as "Shrek" and "Madagascar" at $3.4 billion, according to Hollywood Reporter, which first reported the talks (

** NEWS CORP, Monday close $16.8

** MOVE INC, Monday close $15.29, +36.95 pct premarket

Rupert Murdoch’s News Corp said it would buy Move, the owner of property websites such as, for about $950 million to expand its digital marketing business.

** SYNNEX CORP, Monday close $62.19, +8.86 pct premarket

The hardware distributor reported better-than-expected results in the third quarter. The company reported an adjusted profit of $1.59 per share, higher than the average analyst estimate of $1.48.

** CATALYST PHARMACEUTICAL PARTNERS INC, Monday close $2.99, +14.05 pct premarket

The drug developer said its lead drug was found superior in treating symptoms associated with a rare autoimmune disorder, compared with a placebo.

** BOEING CO, Monday close $128.77, +0.02 pct premarket

The plane maker said it would move the majority of its defense services and support work out of Washington state to other U.S. cities, affecting the jobs of about 2,000 of its 5,200 defense employees in the Puget Sound region.

** CHINA FINANCE ONLINE CO, Monday close $8.75, -6.51 pct premarket

The Chinese web-based financial services company reported a wider loss in the second quarter due to an impairment charge for intangible assets and goodwill.

** WALGREEN CO, Monday close $59.6, +2.35 pct premarket

The U.S. drugstore chain operator reported a 6.2 percent rise in quarterly sales, helped by higher prescription sales.

** SUPERVALU INC, Monday close $9.13

The supermarket chain reported on Monday a second attack against its payment systems barely two months after it said it was investigating a potential data breach.


Valeant Pharmaceuticals’ sales are expected to rise 15 percent in the third quarter but will face a tougher fourth-quarter comparison to year-ago results, Allergan Inc said in a filing on Monday.

** SANOFI SA, Monday close $55.71, +1.17 pct premarket

** REGENERON PHARMACEUTICALS INC, Monday close $354.96, +1.40 pct premarket

An experimental drug from Sanofi and Regeneron significantly reduced congestion in a mid-stage trial on patients with chronic sinusitis with nasal polyps, a condition poorly controlled by existing drugs, the companies said on Tuesday. (Compiled by Anannya Pramanick; Edited by Maju Samuel)

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