March 5, 2015 / 12:42 PM / 3 years ago

BUZZ-U.S. STOCKS ON THE MOVE-Pharmacyclics, Aviva, Costco

(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 e-mini futures edged higher on Thursday: Dow Jones industrial average futures were up 0.17 percent at 18,117, S&P 500 futures were up 0.16 percent at 2,099.75 and Nasdaq 100 futures were up 0.15 percent at 4,451.

** ABBVIE INC, Wednesday close $60.27, -5.26 pct premarket

** PHARMACYCLICS INC, Wednesday close $230.48, +8.93 pct premarket

AbbVie will buy Pharmacyclics for about $21 billion, giving it access to what is expected to be one of the world’s top-selling cancer drugs and expanding its reach in the profitable oncology field. The deal, the latest example of a big drugmaker swooping on a biotech firm to refill its medicine pipeline, confounds expectations that Pharmacyclics would sell out to Johnson & Johnson.

** AVIVA PLC, Wednesday close $16.36, +5.87 pct premarket

The insurer reported a forecast-beating yearly profit, lifting its shares to a multi-year high ahead of a 5.6 billion pound ($8.5 billion) agreed merger due to complete next month. Aviva is acquiring Friends Life Group Ltd as changes in the UK pensions market put pressure on life insurance companies, leading to a drop in their sales of income-bearing annuities.


The communication services company reported bigger fourth-quarter net loss, hurt by higher operating expenses.

** MACERICH CO, Wednesday close $83.8, +5.19 pct premarket

** SIMON PROPERTY GROUP INC, Wednesday close $187.56, +0.77 pct premarket

Simon Property, the owner of malls and outlet centers, made its latest approach to buy rival Macerich in the past few weeks, according to a Wall Street Journal report. (

** COSTCO WHOLESALE CORP, Wednesday close $147.17, +2.62 pct premarket

The third-largest U.S. retailer reported a better-than-expected quarterly profit, helped by a tax benefit related to its special cash dividend last month.

** ENCANA CORP, Wednesday close $12.27, -3.75 pct premarket

Canada’s largest natural gas producer said it plans to raise up to C$1.44 billion ($1.16 billion) through a secondary share issue as the company looks to bolster a balance sheet weakened by low oil and natural gas prices.

** ROUNDY’S INC, Wednesday close $4.02

The grocery chain operator reported a higher-than-expected fourth-quarter profit, mainly due to benefit of new and acquired stores in Illinois and an additional week.

** PACIFIC ETHANOL INC, Wednesday close $9.33

The ethanol producer reported a higher-than-expected fourth-quarter profit, helped by a rise in sales volumes.

** VANDA PHARMACEUTICALS INC, Wednesday close $11.06

The drugmaker’s experimental atopic dermatitis drug failed to treat chronic itching in mid-stage study. Study data showed no statistical difference between patients on drug, tradipitant, and those on placebo.


The insurer reported better-than-expected fourth-quarter profit, helped by higher premium income. Net premiums earned more than doubled to $81.5 million in the quarter ended Dec 31.

Compiled by Amrutha Gayathri in Bengaluru

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