April 27, 2015 / 11:39 AM / 3 years ago

BUZZ-U.S. STOCKS ON THE MOVE-Akorn, Applied Materials, Deutsche Bank

(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter, link.reuters.com/mex49s) Dow Jones industrial average futures were up 0.24 percent at 18,060, S&P 500 futures were up 0.20 percent at 2,116 and Nasdaq 100 futures were up 0.23 percent at 4,539.5.

** IGATE CORP, Friday close $45.85, +3.60 pct premarket

French IT services company Cap Gemini Sa said it planned to buy United States-based IGATE for $4 billion to make North America, its biggest market, and is raising its sales forecast for 2015 after a solid first quarter.

** APPLIED MATERIALS INC, Friday close $21.8, -6.74 pct premarket

Applied Materials Inc and Tokyo Electron Ltd said they have given up plans to merge in a deal that would have been worth more than $10 billion, citing problems in getting approval from U.S. antitrust regulators.

** PRECISION DRILLING CORP, Friday close $6.85

Canada’s largest drilling contractor reported a 76.3 percent drop in quarterly profit as weak oil prices curtailed activity in North America.

** BARCLAYS PLC, Friday close $15.98, -0.50 pct premarket

The British bank failed to persuade a U.S. judge to dismiss a lawsuit accusing the British bank of defrauding shareholders about a private “dark pool” trading platform even as it was publicly pledging to clean up its corporate culture.

** GENERAL ELECTRIC CO, Friday close $26.8, +0.15 pct premarket

SunTrust Banks Inc, Apollo Global Management and Ares Management LP are considering offers for buying GE’s unit that lends to private-equity firms in the United States, Bloomberg reported, citing people with knowledge of the matter.

** MARVEL TECHNOLOGY GROUP LTD, Friday close $14.305, -3.18 pct premarket

The chipmaker cut its first-quarter revenue forecast to $710 million-$740 million from $810 million-$830 million, citing lower-than-expected demand from personal computer and storage markets and from emerging markets.

** AKORN INC, Friday close $55.24, -14.92 pct premarket

The generic drug maker said it may not be able to file its first-quarter results on time and added it would restate its financial statements for the second, third and fourth quarters and the full year of 2014 as some errors were identified during the first-quarter financial review process.

** ICICI BANK LTD, Friday close $10.16, -2.56 pct premarket

India’s biggest private sector lender by assets said it expected the new financial year to be better in terms of bad loans, after reporting an increase in sour assets in its fiscal fourth quarter.

** DEUTSCHE BANK, Friday close $34.26, -4.09 pct premarket

The German bank’s Co-Chief Executive Juergen Fitschen said he saw no grounds for German prosecutors to take him to trial over allegations that he and several former executives were responsible for the collapse of the Kirch media group. (Compiled by Avik Das in Bengaluru; Editing by Joyjeet Das)

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