December 8, 2014 / 11:59 AM / in 3 years

BUZZ-U.S. Stocks on the Move-Bristol-Meyers, Precision Drilling, CBS

Dec 8 - (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 e-mini futures fell on Monday: Dow Jones industrial average futures were down 0.27 percent at 17,905, S&P 500 futures were down 0.29 percent at 2,070 and Nasdaq 100 futures were down 0.31 percent at 4,300.

** BRISTOL-MYERS SQUIBB CO, Friday close $60.65, +6.55 pct premarket

Eighty-seven percent of Hodgkin lymphoma patients responded to a Bristol-Myers Squibb drug that helps the immune system fight the blood cancer, according to data from a small, early stage trial released on Saturday.

** PRECISION DRILLING CORP ; Friday close $5.98

Canada’s largest drilling contractor said it expected 2015 capital spending to be C$493 million ($430 million), down 44 percent from its planned expenditure this year.

** CBS CORP, Friday close $55.09

** DISH NETWORK CORP, Friday close $73.2

U.S. broadcasting companies CBS Corp and Dish Network Corp reached a multi-year deal on Saturday, with CBS agreeing to continue to deliver its programs to Dish’s 14 million subscribers.

** MERCK & CO INC, Friday close $61.49, +0.10 pct premarket

** CUBIST PHARMACEUTICALS INC, Friday close $74.36

Merck is in talks to acquire Cubist Pharmaceuticals for more than $7 billion in a deal that could be announced as early as next week, the New York Times reported on Friday, citing people briefed on the matter.

** WELLS FARGO & CO, Friday close $55.03, -0.11 pct premarket

The largest U.S. mortgage lender is set to go to trial on Monday as homeowners seek to recoup about $629 million for alleged overcharges by a company once owned by Wachovia Corp.

** INFOSYS LTD, Friday close $68.4

Some of the founders of Infosys Ltd sold shares worth $1.1 billion in India’s second-largest IT services exporter on Monday, cashing in on a more than 20 percent gain in the stock since the company picked its first outsider as chief executive.

The shares were sold by N.R. Narayana Murthy, Nandan Nilekani, S.D. Shibulal and K. Dinesh, members a group of seven engineers who founded Infosys in 1981 by pooling together $250, stock market filings showed.

** CANADIAN SOLAR INC, Friday close $24.925

Japan’s Sharp Corp said on Monday it was considering selling its U.S.-based solar energy development unit Recurrent Energy to solar panel maker Canadian Solar, but had yet to make a final decision on any deal.

** RIO TINTO PLC, Friday close $45.29, +0.11 pct premarket

Rio Tinto declined to comment on Monday on whether it would be willing to settle a lawsuit it brought against Brazil’s Vale SA over valuable iron ore concessions in Guinea.

** AMGEN INC, Friday close $169.24, -0.24 pct premarket

Novartis said its copycat version of Amgen’s Neupogen for patients with low white blood cell counts works as well as the original drug in a late-stage trial.

Separately, the top U.S. patent appeals court has upheld the dismissal of a lawsuit brought by Sandoz Inc that sought to shield its planned version of Amgen’s psoriasis and arthritis drug Enbrel from patent lawsuits.

** BLACKBERRY LTD, Friday close $10.68, +0.19 pct premarket

The Canadian smartphone maker and NantHealth, a healthcare-focused data provider, launched a secure cancer genome browser on Sunday, giving doctors the ability to access patients’ genetic data on the BlackBerry Passport smartphone. (Compiled by Sneha Banerjee in Bengaluru; Editing by Simon Jennings)

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