March 11, 2015 / 11:48 AM / in 3 years

BUZZ-U.S. STOCKS ON THE MOVE- American Realty Capital, PetSmart

(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 slightly higher on Wednesday, implying a modest rebound from a sharp decline in the previous session, though questions remains about when the Federal Reserve would adjust its rate policies. Dow Jones industrial average futures were up 0.24 percent at 17,708, S&P 500 futures were up 0.32 percent at 2,048.5 and Nasdaq 100 futures were up 0.23 percent at 4,341.25.

** AMERICAN REALTY CAPITAL PROPERTIES INC, Tuesday close $9.33, +4.82 pct premarket

The company named Glenn Rufrano, a former chief executive of Cushman & Wakefield, as its CEO, nearly three months after its top executives resigned due to an accounting error.

Rufrano will replace William Stanley, who has been interim CEO since David Kay left the post in December.

** GOOGLE INC, Tuesday close $559.85, +0.38 pct premarket

Google is in early talks to buy Bangalore-based start-up InMobi, in a move that would strengthen its offering in the increasingly competitive mobile advertising space, a source with direct knowledge of the matter said.

** EXXON MOBIL CORP, Tuesday close $84.26, +0.34 pct premarket

The world’s two biggest oil firms, Exxon Mobil and Royal Dutch Shell, may withstand the oil price collapse better than their rivals because they are closer to finishing expensive investment projects while others must keep spending.

** EQT MIDSTREAM PARTNERS LP, Tuesday close $80.46

** EQT CORP, Tuesday close $76.19

EQT Midstream Partners said it would buy parent EQT Corp’s Northern West Virginia Marcellus Gathering System and a preferred interest in an EQT subsidiary for about $1.05 billion.

** TD AMERITRADE HOLDING CORP, Tuesday close $37.04

** E*TRADE FINANCIAL CORP, Tuesday close $27.55

TD Ameritrade has no interest at the moment in buying smaller discount brokerage rival E*Trade Financial, TD Ameritrade Chief Executive Fred Tomczyk said on Tuesday.

** PETSMART INC, Tuesday close $37.04

BC Partners, which led the takeover of PetSmart Inc, plans to appoint Michael Massey as chief executive of the pet supply retailer, the Wall Street Journal reported.

Massey, previously CEO of Collective Brands, will replace David Lenhardt at PetSmart, who will depart with an exit package of roughly $24 million, WSJ reported.

** ALIBABA GROUP HOLDING LTD, Tuesday close $82.97, +0.80 pct premarket

Alibaba has enlisted two UK startups to provide financing for small British businesses looking to buy from Chinese suppliers, aiming to help cash-strapped firms access the world’s largest economy.

** EBAY INC, Tuesday close $59.21, +0.49 pct premarket

Online payments company PayPal, a unit of eBay, is establishing a cyber security centre in Israel and has bought local start-up CyActive to help launch the development. PayPal, which is slated to split from eBay later this year, did not disclose financial details but Israeli media have said the acquisition was worth $60 million.

** AT&T INC, Tuesday close $32.78, -0.31 pct premarket

AT&T said it expected to take a charge of about $130 million in the current quarter, related to the voluntary retirement of nearly 3,000 employees by March 31.

The retirements were made under a special offer allowing for lump sum distributions and enhanced payments, the telecom company said in a filing on Tuesday.

** BOEING CO, Tuesday close $152.42, +0.69 pct premarket

Aircraft leasing companies are encouraging Boeing to build a jet to replace its discontinued 757, but stress the priority of all planemakers must be to deliver on existing orders for bread-and-butter models after a series of delays.

** TARGET CORP, Tuesday close $77.67

A women’s group has started a campaign calling on Target to raise its hourly wages, as pressure builds on retailers to follow Wal-Mart Stores Inc in boosting worker pay.

** CREDIT SUISSE GROUP AG, Tuesday close $77.67

Credit Suisse’s new boss Tidjane Thiam could cut almost 3,000 jobs from its investment bank, or 15 percent of staff, as part of a shift of capital away from trading desks to private banking in Asia, analysts said.

** CITIGROUP INC, Tuesday close $51.23, +0.49 pct premarket

Egypt’s Commercial International Bank (CIB) said on Wednesday Citigroup had opened its books for a due diligence process that could lead to the purchase of its retail portfolio.

** GOLDMAN SACHS GROUP INC, Tuesday close $182.71

A federal judge on Tuesday recommended against certifying a class-action lawsuit in which female employees at Goldman Sachs Group Inc GS.N accused the Wall Street bank of gender bias in pay and promotions.

** GLAXOSMITHKLINE PLC, Tuesday close $46.03, -0.35 pct premarket

Drugmaker GlaxoSmithKline will establish a new headquarters for Asia in Singapore to make quicker decisions for the region, a move that follows a recent rocky ride in China due to a damaging bribery scandal.

** MERCK & CO, Tuesday close $56.58, +0.72 pct premarket

Merck’s cancer drug Keytruda, which works by boosting the immune system but has yet to be licensed in Europe, is the first medicine to be made available to patients in Britain under a new early access scheme.

** UNITED THERAPEUTICS CORP, Tuesday close $163.84

The U.S. Food and Drug Administration said it approved United Therapeutics’ drug to treat an aggressive form of neuroblastoma, a rare cancer that typically occurs in children below 5 years.

Unituxin is the first drug approved to treat high-risk neuroblastoma patients who have a greater chance of tumors recurring or progressing after chemotherapy, the FDA said.

** ZOGENIX INC, Tuesday close $1.67


Zogenix said on Tuesday it would sell its Zohydro business to Pernix Therapeutics in a deal that could be worth nearly $400 million, to cut costs and focus on two other drugs in its pipeline.

** KKR & Co LP, Tuesday close $22.82, +1.88 pct premarket

KKR & Co is in advanced talks to acquire Air Medical Group Holdings Inc in a deal that could value the U.S. helicopter ambulance company at around $2 billion, including debt, according to people familiar with the matter.

** CRESCENT POINT ENERGY CORP, Tuesday close $21.86

Canada’s No.3 independent oil producer releases its fourth-quarter results and its forecast for 2015. The company, which focuses on producing oil from shale fields in Western Canada and the United States, is expected to feel the pinch of a slump in oil prices.

** BOX INC, Tuesday close $19.64

The online data storage provider, which went public in January, is expected to post strong revenue growth in its first quarterly report after listing, according to analysts. The company, which competes with privately held Dropbox, is expected to benefit from higher subscriptions for its premium data storage services. (Compiled by Rohit T.K. in Bengaluru; Edited by Maju Samuel)

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