September 13, 2016 / 1:24 PM / 2 years ago

BUZZ-U.S. STOCKS ON THE MOVE-Intersil, Apple, 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, Wall Street looked set to open 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 0.73 percent at 18,187, S&P 500 futures were down 0.72 percent at 2,143 and Nasdaq 100 futures were down 0.58 percent at 4,739.25.

** 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, +0.42 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, -2.77 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, -5.94 pct premarket

The organic pet food maker announced sale of 14.3 million shares by selling stockholders in offering expected to close on September 16. Bookrunners confirm transaction priced at $25.00, a 4.2 percent discount to company’s $26.09 last sale.

** APPLE INC, Monday close $105.44, +1.85 pct premarket

The iPhone maker’s shares rose after the wireless carrier Sprint Corp said pre-orders of iPhone 7 and iPhone 7 Plus increased nearly four times compared to last year.

** NETFLIX INC, Monday close $99.05, -1.46 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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