(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 e-mini futures fell on Tuesday: Dow Jones industrial average futures were down 0.57 percent at 15,897, S&P 500 futures were down 0.58 percent at 1,841.25 and Nasdaq 100 futures were down 0.52 percent at 3,943.5.
** ITC HOLDINGS CORP, Monday close $39.38, +11.68 pct premarket
Canadian utility Fortis Inc said it would buy ITC Holdings, the largest independent power transmission company in the United States, for $6.9 billion in cash and stock.
** SEARS HOLDINGS CORP, Monday close $16.73, -3.41 pct premarket
Sears estimated quarterly sales below analysts’ expectations, citing unseasonably warm weather and intense competition, and said it would speed up closure of at least 50 unprofitable stores in the next few months.
** SANOFI SA, Monday close $39.21, -1.22 pct premarket
The French drugmaker said it expected stable earnings per share this year after reporting lower fourth-quarter income on Tuesday, hurt by declining sales of diabetes and cancer treatments and other prescription drugs.
** TESLA MOTORS INC, Monday close $147.99, -2.56 pct premarket
Tesla faces a pivotal moment on Wednesday in its fight to convince skeptical investors that it can still win against traditional auto makers in the competition to reshape the auto business.
** RIO TINTO PLC, Monday close $26.43, -6.13 pct premarket
** BHP BILLITON, Monday close $22.71, -4.27 pct premarket
** ARCELORMITTAL SA, Monday close $3.52, -8.81 pct premarket
The European mining companies’ shares were down after Goldman Sachs cut its price targets on Rio Tinto and BHP Billiton. ING lowered its rating on ArcelorMittal to “hold” and cut PT to 3.1 euro from 10.5 euro.
** CISCO SYSTEMS INC, Monday close $22.93
Investors spooked by a steep sell-off in enterprise tech stocks will get a fresh glimpse of the health of technology spending on Wednesday when bellwether Cisco Systems posts its quarterly results.
** TWENTY-FIRST CENTURY FORX INC, Monday close $24.59
Twenty-First Century Fox reported lower-than-expected quarterly revenue, mainly due to a decline in DVD sales from a year ago, when “X-Men: Days of Futures Past” and “Dawn of the Planet of the Apes” were released for home viewing.
** CHIPOTLE MEXICAN GRILL, Monday close $445
Chipotle closed all of its U.S. restaurants during prime lunchtime hours on Monday to hold staff meetings on food safety guidelines, sparking offers from rivals eager to poach customers of the burrito chain as it recovers from several food-borne outbreaks.
** VERIZON COMMUNICATIONS INC Monday close $50.74, -0.77 pct premarket
** YAHOO INC Monday close $27.05, -0.04 pct premarket
Verizon has given Tim Armstrong, chief executive officer of its AOL unit, a leading role in exploring a possible bid for Yahoo’s assets, Bloomberg reported, citing a person with knowledge of the situation.
** SPIRIT AIRLINES INC Monday close $40.38, +0.00 pct premarket
The low-cost U.S. carrier reported a 33 percent rise in quarterly profit, helped by an increase in flights.
** VIACOM INC, Monday close $41.85
Viacom and Snapchat have extended a deal that will allow Viacom to sell advertising on the mobile app’s behalf.
Under the deal, Viacom will have the right to sell against its own content on Snapchat as well as Snapchat’s U.S. owned and operated advertising inventory, a Snapchat spokesman told Reuters.
** GAP INC, Monday close $23.99
The apparel retailer estimated full-year 2015 and fourth-quarter profit above analysts’ expectations.
** WENDY‘S CO, Monday close $10.15
The burger chain estimated a 4.7 percent fall in fourth-quarter revenue, as it sold more restaurants to franchisees. (Compiled by Amrutha Penumudi in Bengaluru; Editing by Maju Samuel)