April 5, 2016 / 11:47 AM / 2 years ago

BUZZ-U.S. STOCKS ON THE MOVE-Allergan, Tesla, Walt Disney

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U.S. stock index futures were lower on Tuesday as oil dropped and comments by Federal Reserve officials further muddied the outlook for interest rate hikes: Dow Jones industrial average futures were down 0.62 percent at 17,533, S&P 500 futures were down 0.72 percent at 2,042.75 and Nasdaq 100 futures were down 0.63 percent at 4,471.75.

** ALLERGAN PLC, Monday close $277.55, -18.79 pct premarket

** PFIZER INC, Wednesday close $30.72, +2.70 pct premarket

The U.S. Treasury Department took new steps to curb tax-avoiding corporate “inversions,” with the pending $160 billion merger of Pfizer and Allergan seen as a potential casualty.

** TESLA MOTORS INC, Monday close $246.99, -3.68 pct premarket

The electric carmaker said that parts shortages hampered vehicle production and sales in the first quarter, but the electric car maker still plans to build 80,000 to 90,000 vehicles this year.

** DARDEN RESTAURANTS INC, Monday close $67.34, +0.98 pct premarket

The owner of the Olive Garden chain said Chairman Jeffrey Smith, head of activist investor Starboard Value LP, has resigned from the company’s board.

** WALGREENS BOOTS ALLIANCE INC, Monday close $86.31, -2.00 pct premarket

The largest U.S. drugstore chain operator, which has offered to buy smaller rival Rite Aid Corp, reported quarterly net sales that missed analysts’ estimates, hurt by a weak flu season and low reimbursement rates.

** WALT DISNEY CO, Monday close $98.68, -2.51 pct premarket

Tom Staggs, the veteran Walt Disney executive who had been widely seen as the media company’s next CEO, will step down on May 6 as the board expands its search for a successor to Bob Iger.

** BOEING CO, Monday close $126.34, -0.53 pct premarket

Plane maker Boeing said it had picked a new aircraft seat supplier for its most popular jet, the 737, a move that industry experts said adds competition to leading seat makers Zodiac Aerospace and B/E Aerospace.

** UNITED CONTINENTAL HOLDINGS INC, Monday close $55.85, -0.41 pct premarket

United Continental’s unit United Airlines and the International Association of Machinists & Aerospace Workers (IAM) reached tentative agreements on new contracts for nearly 30,000 IAM-represented employees.

** VALEANT PHARMACEUTICALS INTERNATIONAL INC, Monday close $26.11, -1.57 pct premarket

The drugmaker will cut its sales force for Addyi, a treatment aimed at female sexual dysfunction, as well as some employees who sell dermatology products, according to an internal memo seen by Reuters.

** CREDIT SUISSE GROUP AG, Monday close $14, -3.14 pct premarket

** HSBC HOLDINGS PLC, Monday close $30.79, -3.25 pct premarket

Credit Suisse and HSBC, two of the world’s largest wealth managers, dismissed suggestions they were actively using offshore structures to help clients cheat on their taxes.

** NEWMONT MINING CORP, Monday close $26.3, +1.94 pct premarket

An Indonesian group, including prominent businessman Arifin Panigoro, has agreed to buy a controlling stake in Newmont Mining’s local metals operations in a deal that industry insiders say could reach $2 billion. (Compiled by Kshitiz Goliya in Bengaluru; Editing by Anil D’Silva)

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