June 24, 2015 / 1:05 PM / 3 years ago

BUZZ-U.S. STOCKS ON THE MOVE-Transition Therapeutics, Celator, Meetme

(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) Wall Street was set to open lower on Wednesday after a setback in Greece's debt talks even as data showed that the U.S. economy's first-quarter contraction was smaller than earlier thought. Dow Jones industrial average futures were down 0.38 percent at 17,999, S&P 500 futures were down 0.24 percent at 2,111.5 and Nasdaq 100 futures were down 0.20 percent at 4,532.25.

** TRANSITION THERAPEUTICS INC, Tuesday close $9.09, -58.64 pct premarket

The drug developer said a mid-stage study of its experimental neuropshychiatric drug, ELND005, did not meet the main goal of significant reduction in agitation and aggression.

** CELATOR PHARMACEUTICALS INC, Tuesday close $2.24, +20.98 pct premarket

The drug developer said its experimental chemotherapy combination, CPX-351, showed relative improvement in response rate in patients with a form of blood cancer in a late-stage study.

** MEETME INC, Tuesday close $1.44, +25.69 pct premarket

The social game and app maker raised second-quarter revenue and adjusted EBITDA forecast on progress in transitioning management of advertising inventory in-house earlier this month.

** ALCOBRA LTD, Tuesday close $8.39, -13.35 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, +4.90 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, -5.70 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, +2.52 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, Tuesday close $67.59, -0.77 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.

** MONSANTO CO, Tuesday close $112.78

** SYNGENTA AG, Tuesday close $86.19

Monsanto, the world’s largest seed company, reported a better-than-expected profit for the third quarter and said it continues to pursue the acquisition of Swiss rival Syngenta .

** 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.

** 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, 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.

** LIBERTY GLOBAL PLC, Tuesday close $57.25

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.

** TRANSCANADA CORP, Tuesday close $43.42

** ENCANA CORP, Tuesday close $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.

** EXXON MOBIL CORP, Tuesday close $85.07

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 INC, Tuesday close $20.11

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.

** ROGERS COMMUNICATIONS INC, Tuesday close $34.52

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.

** MEDTRONIC INC Tuesday close $76.61

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; Editing by Sriraj Kalluvila)

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