March 18, 2016 / 1:15 PM / 2 years ago

BUZZ-U.S. STOCKS ON THE MOVE-Starwood, Adobe, Eagle Pharma, BofA

(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 higher on Friday, a day after the Dow Jones industrial average turned positive for the year. Dow Jones industrial average futures were up 0.21 percent at 17,422, S&P 500 futures were up 0.20 percent at 2,034.25 and Nasdaq 100 futures were up 0.10 percent at 4,397.25.

** STARWOOD HOTELS & RESORTS INC, Thursday close $76.39, +5.03 pct premarket

** MARRIOTT INTERNATIONAL INC, Thursday close $71.8, +0.99 pct premarket

Starwood Hotels, the operator of Sheraton and Westin hotels, said it planned to terminate a deal to be acquired by Marriott International after it received a superior proposal from a group led by China’s Anbang Insurance Group.

** ADOBE SYSTEMS INC, Thursday close $89.96, +6.60 pct premarket

The photoshop maker raised its full-year profit and revenue forecast that topped market expectations, bolstered by strong demand for its Creative Cloud package of software tools.

** EAGLE PHARMACEUTICALS INC, Thursday close $53.68, -16.73 pct premarket

The drugmaker said the U.S. Food and Drug Administration rejected its drug to prevent blood clots in certain patients undergoing heart surgery.

** BANK OF AMERICA CORP, Thursday close $13.4, +1.49 pct premarket

The bank said its board has authorized share repurchase of up to $800 million, in addition to the $4 billion share buyback announced earlier.

** JPMORGAN CHASE & CO, Thursday close $58.75, +2.11 pct premarket

The bank’s board authorized repurchase of up to an additional $1.88 billion of common equity through end of second quarter of 2016. This is in addition to $6.4 billion of common equity authorized for repurchase last year.

** ENPRO INDUSTRIES INC, Thursday close $58.35, +8.83 pct premarket

The company said it has agreed to a $480 million settlement to resolve current and future personal injury claims related to its asbestos-lined gaskets used in pipes, valves and other industrial applications.

** TRANSCANADA CORP, Thursday close $38.08, -3.41 pct premarket

** COLUMBIA PIPELINE GROUP INC, Thursday close $23.51, +7.27 pct premarket

The company behind the controversial Keystone XL oil pipeline said on Thursday it will buy Columbia Pipeline Group for $10.2 billion, creating one of North America’s largest regulated natural gas transmission businesses.

** TITAN MACHINERY INC, Thursday close $12.56, -11.62 pct premarket

The heavy equipment retailer sees fourth-quarter adjusted loss of $1.31 per share and quarterly revenue of about $335 million, both below analysts’ average estimates. (Compiled by Arunima Banerjee in Bengaluru; Edited by Don Sebastian)

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