April 11, 2016 / 1:12 PM / 2 years ago

BUZZ-U.S. STOCKS ON THE MOVE-Chesapeake, Hertz, National Oilwell

(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 futures were higher on Monday as investors brace for the corporate earnings season, with Alcoa set to post first-quarter results after the market closes: Dow Jones industrial average futures were up 0.48 percent at 17,569, S&P 500 futures were up 0.50 percent at 2,051 and Nasdaq 100 futures were up 0.56 percent at 4,492.25.

** CHESAPEAKE ENERGY CORP Friday close $3.76, +7.98 pct premarket

The No.2 U.S. natural gas producer said its borrowing base was reaffirmed at $4 billion, but the company had to pledge additional assets as collateral.

** HERTZ GLOBAL HOLDINGS INC Friday close $9.7, -6.70 pct premarket

** AVIS BUDGET GROUP INC Friday close $24.7, -4.66 pct premarket

Hertz said it expected first-quarter and full-year car rental revenue to be lower than previously forecast due to excess industry (fleet) capacity.

** NATIONAL OILWELL VARCO INC Friday close $29.11, -5.02 pct premarket

The largest U.S. oilfield equipment maker said it would cut its quarterly dividend to 5 cents per share from 46 cents, as it struggles to cope with a prolonged slump in oil prices.

** NORFOLK SOUTHERN CORP Friday close $81.49


The number 2 Canadian railroad company said it had scrapped efforts to buy Norfolk, almost six months after it launched its unsolicited $28 billion bid for the fourth-largest U.S. railroad operator.

** YAHOO INC Friday close $36.07, +1.19 pct premarket

Britain’s Daily Mail is in talks with potential partners to mount a joint bid for the company’s internet assets, eyeing a plan to buy the troubled U.S. Internet pioneer to help boost advertising revenues from the Mail’s globally popular online news site.

** SYNERGY RESOURCES CORP Friday close $8.41, -5.83 pct premarket

The oil and gas producer is set to price its second follow-on offering of this year prior to market open. Offering represents about 15 percent of 126.2 million shares outstanding as of March end.

** TRANSCANADA CORP, Friday close $38.68

The Canada’s second-largest pipeline operator on Sunday said it had restarted the 590,000- barrel-per-day Keystone crude pipeline at reduced pressure after it received American authorization to do so.

** NOBLE ENERGY INC, Friday close $31.76

The Texas-based company is in talks with Israeli institutions to sell an 11 percent stake in Israel’s Tamar natural gas field for at least $1 billion due to cash flow needs, Israeli media reported on Sunday.

** GENERAL MOTORS CO, Friday close $29.37

The U.S. automaker settled another ignition-switch case after the plaintiff and the U.S. automaker agreed to a voluntary dismissal, according to a court filing. (Reporting by Vishaka George in Bengaluru; Editing by Anil D’Silva)

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