December 28, 2015 / 12:37 PM / in 3 years

BUZZ-U.S. STOCKS ON THE MOVE-Pep Boys, Transocean, Ferrari

(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter,; for the Morning News Call newsletter, U.S. stock index futures were lower in thin volumes on Monday. Dow Jones industrial average futures were down 0.51 percent at 17,360, S&P 500 futures were down 0.50 percent at 2,041 and Nasdaq 100 futures were down 0.36 percent at 4,594.25.

** ALIBABA GROUP HOLDING LTD, Thursday close $83.71, -0.94 pct premarket

The world’s biggest e-commerce company has agreed to invest $1.25 billion in Chinese online food delivery service, leading business weekly Caixin reported on Friday.

** FERRARI NV, Thursday close $46.75

Ferrari North America Inc, a division of Ferrari, is recalling some 2016 California T vehicles due to the risk of a fuel leak in the engine compartment, according to a U.S. Department of Transportation (DOT) notice on Friday.

** PEP BOYS-MANNY MOE & JACK, Thursday close $17.51

Japanese tire maker Bridgestone Corp raised its offer to buy the U.S. auto parts maker to $947 million, still below a possible sweetened offer by activist investor Carl Icahn.

** VALEANT PHARMACEUTICALS INTERNATIONAL INC, Thursday close $114.11, -1.03 pct premarket

The Canadian drugmaker’s chief executive, J. Michael Pearson, was hospitalized with a “severe case of pneumonia” on Friday and is receiving treatment, a company spokeswoman said.

** TRANSOCEAN LTD, Thursday close $12.98, -1.08 pct premarket

Transocean, one of the world’s largest offshore drilling companies, said on Monday that Shell had opted to terminate its contract for the harsh environment semisubmersible Polar Pioneer before the expiration in July 2017. (Reporting by Arunima Banerjee in Bengaluru; Editing by Maju Samuel)

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