September 13, 2016 / 12:44 PM / 2 years ago

BUZZ-U.S. STOCKS ON THE MOVE-Intersil, Anadarko, Blue Buffalo

(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 lower on Tuesday as oil prices fell and investors reassessed the possibility of a near-term rise in U.S. interest rates.

Dow Jones industrial average futures were down 0.78 percent at 18,178, S&P 500 futures were down 0.76 percent at 2,142 and Nasdaq 100 futures were down 0.61 percent at 4,737.5.

** INTERSIL CORP, Monday close $19.76, +9.26 pct premarket

Renesas Electronics Corp on Tuesday said it has agreed to buy U.S. chipmaker Intersil Corp for $3.2 billion, an all-cash deal that bolsters the Japanese group’s efforts to refocus the company around automotive chips.

** PANDORA MEDIA INC, Monday close $14.29, +2.17 pct premarket

The music streaming company said it had signed direct licensing deals with a number of music labels, including heavyweights Sony Music and Universal Music Group, beefing up its music collection to compete with Spotify and Apple Music.

** ANADARKO PETROLEUM CORP, Monday close $57.79, -3.95 pct premarket

Freeport McMoRan Inc said on Monday it will sell its deepwater Gulf of Mexico oil and natural gas assets to Anadarko Petroleum Corp for $2 billion as it looks to cut its heavy debt load.

** BLUE BUFFALO PET PRODUCTS, Monday close $26.09, -6.09 pct premarket

The organic pet food maker announces sale of 14.3 million shares by selling stockholders in offering expected to close on September 16.

** NETFLIX INC, Monday close $99.05, -1.71 pct premarket

Shares of the video streaming service provider fell after Macquarie Research downgraded to “underperform” from “neutral” and retained PT $85, a 14 percent potential downside to Monday’s close. (Compiled by Shalom Aarons in Bengaluru; Edited by Shounak Dasgupta)

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