April 17, 2015 / 1:23 PM / 3 years ago

BUZZ-U.S. STOCKS ON THE MOVE-Discovery Labs, Professional Diversity

(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter, link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) U.S. stock index futures pointed to a lower opening on Friday on investor concerns over reports of a regulatory clampdown on trading in China, a move that potentially would be negative for a recently flow of money into Chinese exchanges. economic reports. Dow Jones industrial average futures were down 0.88 percent at 17,882, S&P 500 futures were down 0.70 percent at 2,086 and Nasdaq 100 futures were down 0.85 percent at 4,377.75.

** ADVANCED MICRO DEVICES INC, Thursday close $2.87, -11.85 pct premarket

The U.S. chipmaker reported a bigger-than-expected adjusted loss and a steep fall in sales for the first quarter and said it expected weak demand for personal computers to continue for some time.

** ATHERSYS INC, Thursday close $2.18, -52.75 pct premarket

The drug developer said its cell therapy failed in a mid-stage study testing it as a treatment for a type of stroke, sending its shares down more than 50 percent in premarket trading.

** PROFESSIONAL DIVERSITY NETWORK INC, Thursday close $4.15, -27.47 pct premarket

The internet software and services company priced its offering of 1.7 million shares at $3 per share.

** DISCOVERY LABORATORIES INC, Thursday close $1.38, -7.97 pct premarket

The specialty biotech said on Thursday it was implementing a plan to cease the sale of its sole drug on market, Surfaxin. It will also reduce its workforce by about 50 percent and expects to record a restructuring charge of about $3.5 million in the second quarter.

** ONCOLYTICS BIOTECH INC, Thursday close $0.6901, +13.03 pct premarket

The Canadian cancer drug developer said its experimental drug, Reolysin, got orphan drug status from the U.S. FDA.

** 58.COM INC, Thursday close $67.57, -5.88 pct premarket

The Chinese classified advertising site said on Friday that it had agreed to buy a 43.2 percent stake in rival Ganji.com, marking further consolidation in the mainland’s hot technology sector.

** GENERAL ELECTRIC CO, Thursday close $27.28, +0.37 pct premarket

The U.S. conglomerate said on Friday its quarterly industrial profit rose 9 percent as it focuses more on its manufacturing businesses, helped by improved profit margins.

** ROSETTA GENOMICS LTD, Thursday close $3.78, +7.14 pct premarket

Cantor Fitzgerald raised its rating on the Israeli diagnostic company’s stock to “buy” from “hold”, citing the company’s acquisition of Abbott Laboratories’ cancer diagnostic testing lab, PersonalizeDx.

** AKEBIA THERAPEUTICS INC, Thursday close $8.67, -5.65 pct premarket

The drug developer priced its stock offering of 7.3 million shares at $8.25 per share, a discount of 5 percent to the stock’s Thursday close.

** CYTRX CORP, Thursday close $4.5, +5.11 pct premarket

Analysts at Oppenheimer & Co started coverage on the drug developer with an “outperform” rating. Analysts said they see new indications for the company’s experimental cancer drug, including small-cell lung cancer and glioblastoma, as potential upside.

** IGATE CORP, Thursday close $42.34, +7.46 pct premarket

France-based Cap Gemini SA and Atos SE are in talks to acquire iGate, Indian newspaper Business Standard reported, citing sources.

** VERIZON COMMUNICATIONS INC, Thursday close $49.27, -0.39 pct premarket

The U.S. wireless company is rolling out a new pay TV plan that allows consumers to choose every month bundles of channels they want to see, hoping the flexibility will lure customers away from cable rivals and upstart Web TV companies.

** AMERICAN APPAREL INC, Thursday close $0.68

Three former employees of the company who were among 200 laid off earlier this year are suing the retailer, saying they were not given appropriate legal notice, their attorney said on Thursday.

** AMERICAN EXPRESS CO, Thursday close $80.91, -2.79 pct premarket

The world’s largest credit card issuer reported quarterly revenue that fell short of analysts’ estimates, hurt by a stronger dollar and the loss of several co-branded tie-ups.

** MATTEL INC, Thursday close $25.27, +6.37 pct premarket

The toymaker’s quarterly net sales topped analysts’ estimates for the first time in six quarters as new Chief Executive Christopher Sinclair focuses on turning around the business in the face of flagging sales of Barbie dolls.

** SCHLUMBERGER LTD, Thursday close $91.89, +2.42 pct premarket

The oilfield services provider said it would cut a further 11,000 jobs and reduced its capital spending plan for this year as the company prepares for an extended period of lower activity and pricing pressure, especially in North America.

** PROS HOLDINGS INC, Thursday close $27.15

The software maker cut its first quarter revenue forecast to $44.3 million-$48.2 million from $47 million-$49 million.

** SERVICENOW INC, Thursday close $82.84, -8.86 pct premarket

The IT software maker forecast second-quarter revenue of $232 million-$242 million vs average analyst estimate of $242 million, according to Thomson Reuters I/B/E/S.

** HALLIBURTON CO, Thursday close $47.83, +0.40 pct premarket

The oilfield services has hired Bank of America Corp and Deutsche Bank AG to assist in the sale of two businesses that could be valued at as much as $5 billion collectively, according to people familiar with the matter.

** NORTH ATLANTIC DRILLING, Thursday close $1.63

** SEADRILL, Thursday close $12.26, -1.55 pct premarket

North Atlantic Drilling, a subsidiary of offshore rig company Seadrill, has delayed closing a cooperation deal with Russia’s Rosneft by two years and agreed to renegotiate the terms of the agreement, it said on Friday.

** MARATHON PETROLEUM CORP, Thursday close $0.7811, -2.70 pct premarket

Striking workers at Marathon’s Galveston Bay refinery in Texas City, Texas, rejected the company’s “last, best and final” contract offer, according to a union official representing the workers. (Reporting by Anannya Pramanick in Bengaluru, Edited by Maju Samuel)

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