December 9, 2014 / 1:03 PM / 4 years ago

BUZZ-U.S. Stocks on the Move-Autozone, Bluebird Bio, Seadrill

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U.S. stock index futures declined on Tuesday, putting the S&P 500 on track to extend losses after suffering its biggest drop since Oct. 22 in the prior session on concerns about global growth. Dow Jones industrial average futures were down 0.70 percent at 17,726, S&P 500 futures were down 0.70 percent at 2,045 and Nasdaq 100 futures were down 0.74 percent at 4,247.5.

** AUTOZONE INC, Monday close $581.05, +2.06 pct premarket

The second-largest U.S. auto parts retailer reported a higher-than-expected quarterly profit, helped by lower gas prices and colder-than-usual weather that encouraged customers to ready their cars for a harsh winter.

** BLUEBIRD BIO INC, Monday close $48.89, +59.60 pct premarket

The drug developer said four beta-thalassemia patients transplanted with its LentiGlobin product, including one with the most severe form of the genetic blood disorder, were essentially cured, prompting several brokerages to raise their price targets on the stock. Roth Capital Partners raised its price target to $90 from $50, Piper Jaffray to $112 from $52, Suntrust Robinson to $115 from $57 and Wedbush Securities to $94 from $51

** UTI WORLDWIDE INC, Monday close $13, -5.92 pct premarket

The logistics company said Chief Executive Eric Kirchner had resigned and Edward Feitzinger would replace him, effective immediately. Feitzinger, who joined UTi in 2010, had been executive vice president of global operations since 2012.

** ABBVIE INC, Monday close $69.42

Indian drugmaker Cadila Healthcare Ltd said it launched the first biosimilar version of the anti-inflammatory medicine adalimumab, the world’s top-selling drug, at a fifth of its U.S. price. The drug’s branded version is sold under the name Humira by U.S. firm AbbVie Inc, and costs $1,000 for a vial in the United States.

** SEADRILL LTD, Monday close $11.57, +3.72 pct premarket

The Norway-based driller’s stock rose following a share purchase by chairman & top owner, billionaire investor John Fredriksen, who raised his stake to 24.15 percent on Tuesday, buying 1.3 million more shares at $11.68 per share, a day after his investment vehicle Hemen Holding bought 2.7 million shares on Monday.

** MAZOR ROBOTICS LTD, Monday close $12.12, +8.91 pct premarket

The Israel-based medical device-maker said it received two orders in China and one in Taiwan for its Renaissance surgery guidance systems. The orders from China are the company’s first since the China Food and Drug Administration approved the system.

** VERIZON COMMUNICATIONS INC, Monday close $48.9, -2.04 pct premarket

The largest U.S. wireless carrier said promotional offers and price cuts in its wireless business would eat into profit for the fourth quarter.

** SONY CORP, Monday close $21.15

Sony Pictures Entertainment was demanded by a group that claimed to be responsible for the massive computer hack at the company to cancel the release of “The Interview,” a film comedy that depicts an assassination plot against North Korea’s leader.


The Canadian drugmaker is abandoning its growth-by-acquisitions strategy for the time being to try to reduce debt, boost its stock price and one day return to its traditional deal-making in a stronger position.

** APPLE INC, Monday close $112.4, -1.07 pct premarket

The iPhone maker will build a large research and development facility in Japan, Prime Minister Abe Shinzo said on Tuesday, local media reported.

** BOEING CO, Monday close $130.28

The airplane maker forecast continued strong demand for aircraft funding, with commercial jet buyers using capital markets to fund a third of the $124 billion of the sales expected in 2015.

** AMAZON.COM INC, Monday close $306.64, -1.26 pct premarket

The U.S. online retailer Inc plans to shift more of its drone testing outside U.S. borders unless it gets quick permission from U.S. regulators to conduct outdoor trials.

** WHITING PETROLEUM CORP, Monday close $32.27, -0.03 pct premarket

The oil and gas producer’s buyout of Kodiak Oil and Gas Inc is worth $1.55 billion based on Monday’s closing stock price, about $2.25 billion less than when first announced last July.

** CHEVRON CORP, Monday close $106.8, +0.19 pct premarket

Chevron is partnering with Norway’s Statoil to explore three prospects off the lightly explored south-east coast of New Zealand’s North Island. Statoil is already in New Zealand and has been awarded a further offshore block in its own right at the top northwest coast of the North Island.

** ASTRAZENECA PLC, Monday close $73.12, -0.55 pct premarket

The drugmaker’s new drug for the treatment of opioid-induced constipation, which was developed with Nektar Therapeutics, has been approved in the European Union. [ID;nL6N0TT0QD]

** HOSPIRA INC, Monday close $60.12

U.S. District Judge Gregory Sleet in Delaware ruled that Hospira can launch a generic version of Cubist Pharmaceuticals Inc’s leading skin infections drug Cubicin as soon as 2016. (Compiled by Rosmi Shaji in Bengaluru; Editing by Simon Jennings)

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