April 7, 2015 / 11:24 AM / 3 years ago

BUZZ-U.S. STOCKS ON THE MOVE-FedEx, Shire, Ocular Therapeutix, GM

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U.S. stock index e-mini futures rose slightly on Tuesday: Dow Jones industrial average futures were up 0.23 percent at 17,846, S&P 500 futures were up 0.22 percent at 2,077.75 and Nasdaq 100 futures were up 0.29 percent at 4,354.75.

** FEDEX CORP, Monday close $166.67, +3.86 pct premarket

The company is seeking to buy Dutch package delivery firm TNT Express for an agreed 4.4 billion euros ($4.8 billion), aiming to succeed where United Parcel Service failed two years ago when its bid was blocked by competition regulators.

** SHIRE PLC, Monday close $229.83, +2.64 pct premarket

The London-listed pharmaceuticals firm said on Tuesday it had agreed with U.S. regulators the steps it would take to submit a candidate drug to treat hyperactivity in adults for clearance.

** OCULAR THERAPEUTIX INC, Monday close $38.3, -22.00 pct after market

The drugmaker said its lead eye drug failed to meet one of the main goals in a second late-stage study. The drug, OTX-DP, was effective in reducing pain in patients who had cataract surgery, but failed to reduce inflammation in the eyes, the company said.

** GENERAL MOTORS CO, Monday close $36.66, -1.94 pct premarket

Canada has entered into an agreement to sell nearly 73.4 million shares it owns in General Motors to Goldman Sachs , an investment unit of the Canadian government said on Monday. Following the sale, the Canadian government will have sold all of its remaining GM shares.

** PETROLEO BRASILEIRO SA, Monday close $6.8, +1.18 pct premarket

The Brazilian state-run oil company said on Monday it would halt five drilling rigs under contract with Schahin. Petrobras, as the company is known, said it was informed by Schahin on April 2 that the financially strapped oil services company was planning a controlled shutdown of drilling activities at five of its rigs.

** TWITTER INC, Monday close $50.84, +0.71 pct premarket

The microblogging website company has complied with Turkey’s request to remove photographs of a prosecutor held at gunpoint by far-left militants, an official said on Monday, and a ban on it ended hours after being imposed.

** SONY CORP, Monday close $29.35

The consumer electronics and entertainment group said it would spend an extra 45 billion yen ($376 million) in the fiscal year that started this month to further boost output of imaging sensors, increasing its focus on a business that has become one of its strongest as its TV and mobile operations struggle.

** STARBUCKS CORP, Monday close $94.52, +0.51 pct premarket

The coffee chain operator is expanding its employee college tuition assistance program to cover the entire cost of getting an online bachelor’s degree, its chief executive said on Monday.

** DELTA AIR LINES INC, Monday close $41.76

The International Association of Machinists and Aerospace Workers said on Monday it had temporarily withdrawn its application to organize flight attendants at Delta Air Lines.

** VIACOM INC, Monday close $68.6

The U.S. media company said it would undertake a restructuring, including cutting jobs, abandoning some acquired titles and reorganizing three of its domestic network groups into two new organizations, to drive growth.

** BLACKROCK INC, Monday close $366.98

The world’s largest money manager will close or consolidate some money-market funds as it responds to recent regulatory reforms, the Wall Street Journal reported.

** MOSAIC CO, Monday close $45.89, +0.22 pct premarket

The U.S. fertilizer producer boosted its chief executive’s pay last year by more than $5 million as a reward for slashing costs and jobs, a regulatory filing shows. (Compiled by Neha Dimri in Bengaluru; Editing by Kirti Pandey)

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