May 9, 2016 / 12:54 PM / 2 years ago

BUZZ-U.S. STOCKS ON THE MOVE-Valeant, Krispy Kreme, Baidu

(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, Wall Street was set to open slightly higher on Monday, after the disappointing U.S. jobs report on Friday suggested the Federal Reserve would raise rates just once this year: Dow Jones industrial average futures were up 0.10 percent at 17,689, S&P 500 futures were up 0.11 percent at 2,055 and Nasdaq 100 futures were up 0.19 percent at 4,336.5.

** VALEANT PHARMACETICALS INTERNATIONAL INC, Friday close $29.89, +4.38 pct premarket

The Canadian drugmaker said on Monday it expects to file its first-quarter report with the regulators on or before June 10, ahead of the July 31 deadline.

** KRISPY KREME DOUGHNUTS INC, Friday close $16.86, +23.67 pct premarket

The doughnut chain operator said it will be taken private by a unit of investment firm JAB Holding Co for about $1.35 billion.

** BAIDU INC, Friday close $173.94, -5.55 pct premarket

The death of a student following experimental cancer treatment he found through China’s biggest search engine has exposed the faultlines in the company’s business model, which relies heavily on income from the country’s lightly regulated health sector.

** LENDING CLUB CORP, Friday close $7.1, -20.85 pct premarket

The online loan platform operator said its Chief Executive and Chairman Renaud Laplanche has resigned following an internal review, which revealed a violation of the company’s business practices.

** TOWER SEMICONDUCTOR LTD, Friday close $11.76, +4.68 pct premarket

The Israeli chipmaker swung to a profit in the first quarter, boosted by the acquisition of a U.S. plant, and said it expects revenue to jump in the next quarter as well.

** TYSON FOODS INC, Friday close $67.25, +4.24 pct premarket

The biggest U.S. meat processor reported a 39 percent rise in quarterly profit as the company benefited from lower feed and livestock costs.

** TEVA PHARMACEUTICAL INDUSTRIES LTD, Friday close $50.27, +4.87 pct premarket

Israel-based Teva reported a smaller than expected decline in first-quarter profit as sales of generic drugs fell 17 percent while revenue from its top drug Copaxone rose.

** COLONY CAPITAL INC, Friday close $17.81, +0.00 pct premarket

** NORTHSTAR ASSET MANAGEMENT GROUP INC, Friday close $12.02, +5.07 pct premarket

The private equity firm Colony Capital is in talks to buy commercial real estate manager NorthStar Asset Management, the companies said.

** HCP INC, Friday close $34.55, +4.92 pct premarket

The real estate investment trust (REIT) focused on healthcare, said it would spin off its skilled nursing and assisted living properties into a publicly-traded REIT.

** FREEPORT-MCMORAN INC, Friday close $11.79, -2.63 pct premarket

The U.S. miner said on Monday it would sell its 70 percent stake in a unit controlling the Tenke copper project in the Democratic Republic of Congo (DRC) to China Molybdenum Co Ltd (CMOC) for $2.65 billion. (Compiled by Arunima Banerjee in Bengaluru)

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