June 24, 2015 / 11:44 AM / in 3 years

BUZZ-U.S. STOCKS ON THE MOVE-Alcobra, Netflix, Lennar, AstraZeneca

(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 futures were lower on Wednesday after Greece's creditors rejected some proposals from the country and doubts returned if Athens will be able to avert defaulting on its loans. Dow Jones industrial average futures were down 0.30 percent at 18,013, S&P 500 futures were down 0.20 percent at 2,112.25 and Nasdaq 100 futures were down 0.16 percent at 4,534.

** ALCOBRA LTD, Tuesday close $8.39, -22.41 pct premarket

The Israel-based drug developer said its drug failed in a mid-stage trial to treat a type of genetic disorder that could cause autism and attention deficit hyperactivity disorder..

** LENNAR CORP, Tuesday close $49, +3.67 pct premarket

The No.2 U.S. homebuilder by sales reported a 33 percent rise in quarterly profit as it sold more homes at higher prices and said orders rose 17.6 percent.

** DELHAIZE GROUP SA, Tuesday close $24.55, -3.95 pct premarket

Dutch-based supermarkets operator Ahold has reached a deal to buy Belgian peer Delhaize, the companies announced on Wednesday, in a move that will create the sixth-largest food retailer in the United States and the biggest in Europe’s Benelux region.

** NETFLIX INC, Tuesday close $681.19, +2.18 pct premarket

The online video streaming service said on Tuesday its board of directors approved a seven-for-one stock split.

The split will be effected in the form of a stock dividend of six additional shares for each outstanding share, the company said in a statement.

** ASTRAZENECA PLC, $67.59, -0.75 pct premarket

The company has lost a second senior executive in a fortnight with the departure of its respiratory and inflammatory medicines head James Ward-Lilley to become chief executive of lung drug specialist Vectura.

** ABBVIE INC, Tuesday close $70.02

The company’s hepatitis C cocktail Viekira Pak was effective whether or not it was used in combination with the compound ribavirin against the most common form of the disease, according to data from a late-stage study.

** WAL-MART STORES INC, Tuesday close $72.57

The world’s largest retailer will begin charging fees to almost all vendors for stocking their items in new stores and for warehousing inventory, raising pressure on suppliers as the company battles higher costs from wage hikes.

** BOEING CO, Tuesday close $144.43

The world’s largest plane maker said Tuesday that President Dennis Muilenburg will take over as chief executive officer July 1, a transition that comes as the aerospace giant tries to keep pace with an historic boom in the commercial jet market and build its defense business amid tight military budgets.

** SYNGENTA AG, Tuesday close $86.19

** MONSANTO CO, Tuesday close $112.78

Monsanto Chief Executive Hugh Grant called the company’s attempt to buy Swiss group Syngenta “a long game” and said he still wants to get it done despite Syngenta’s rebuff, the Wall Street Journal reported.

** SYSCO CORP, Tuesday close $37.59

The food distributor’s $3.5 billion merger with US Foods should be stopped for further review, a federal judge ruled on Tuesday, handing a major victory to the U.S. government in its effort to block the controversial merger.


The broadcaster which agreed to buy control in TVN TVN.WA, wants to call on other shareholders at the Polish broadcaster to sell it the remaining shares all at once, SNI was quoted as saying on Wednesday.


Europe’s biggest cable company plans to focus on growing in the European markets where it is already active, its chief executive told Germany’s Handelsblatt.

** ENCANA CORP, $11.98

Pipeline company TransCanada Corp and oil and gas producer Encana Corp both said on Tuesday they were cutting jobs, joining other Canadian energy firms that have laid off staff since global oil prices slumped.


The company has suspended offshore production from three drilling platforms along the Santa Barbara, California, coastline following last month’s rupture of a pipeline that carries crude oil away to refineries, the company said on Tuesday.


Freeport-McMoRan Oil & Gas Inc, a unit of U.S.-based Freeport-McMoRan, on Tuesday filed documents with the U.S. Securities and Exchange Commission for an initial public offering.


Canada’s largest mobile operator has agreed to pay more than C$400 million ($324.5 million) to acquire struggling wireless carrier Mobilicity, two sources with knowledge of the matter said on Tuesday.


The company said it was recalling certain lots of its tracheostomy tubes, devices used to ease breathing, after receiving complaints, including reports of 12 serious injuries. (Compiled by Anya George Tharakan)

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