April 30, 2015 / 11:26 AM / in 3 years

BUZZ-U.S. STOCKS ON THE MOVE-Apple, Glu Mobile, Baidu, Yelp

(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 were lower on Thursday, a day after data showed that U.S. economic growth slowed to a crawl in the first quarter and a Federal Reserve statement that provided little clarity on a rate hike timeline. Dow Jones industrial average e-mini futures were down 0.22 percent at 17,915, S&P 500 futures were down 0.20 percent at 2,094.75 and Nasdaq 100 futures were down 0.41 percent at 4,461.5.

** APPLE INC, Wednesday close $128.64, -0.73 pct premarket

The iPhone maker is facing limited availability of the Apple Watch after a key component supplied by a Chinese company was found to be defective, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.

** GLU MOBILE INC, Wednesday close $5.4, +22.96 pct premarket

Tencent Holdings Ltd, the dominant social networking and online entertainment company in China, has agreed to buy 14.6 percent of mobile game developer Glu for $126 million to expand in the U.S. gaming market.

** BAIDU INC, Wednesday close $219, -3.20 pct premarket

China’s dominant Internet search engine posted its slowest revenue growth rate in almost seven years in the first quarter of 2015, as customers spent less on its core online marketing business.

** YELP INC, Wednesday close $51.28, -17.36 pct premarket

The operator of consumer review website Yelp.com forecast second-quarter revenue below analysts’ expectations and reported first-quarter revenue below the average analyst estimate as it added fewer-than-expected local advertising accounts.

** MICROSOFT CORP, Wednesday close $49.06, -0.29 pct premarket

The world’s largest software company is making it easier for apps written for rival Google Inc’s Android and Apple Inc’s iOS systems to work on Windows phones, in a bid to attract users to its unpopular mobile devices, the company’s operating systems chief said on Wednesday.

** ROYAL BANK OF SCOTLAND, Wednesday close $10.86, -4.60 pct premarket

The British bank said it expects to settle with U.S. authorities investigating alleged foreign exchange manipulation in the coming weeks and had set aside a further 334 million pounds ($515 million) to cover the cost.

($1 = 0.6483 pounds)

** NOKIA, Wednesday close $7.49, -7.08 pct premarket

** ALCATEL-LUCENT SA, Wednesday close $3.82, -5.76 pct premarket

The Finnish company, which is set to buy French rival Alcatel-Lucent, reported quarterly profits well below market forecasts at its main telecom network equipment business.

** MOSAIC CO, Wednesday close $44.03, +3.79 pct premarket

The U.S. fertilizer company reported an about 36 percent rise in quarterly profit, helped by lower costs and higher phosphate and potash prices.

** SALESFORCE.COM INC, Wednesday close $74.65, +0.12 pct premarket

The cloud software company is working with financial advisers to help it field takeover offers after being approached by a potential acquirer, Bloomberg said, citing people with knowledge of the matter.

** SEADRILL, Wednesday close $12.16, +4.44 pct premarket

The Norwegian company’s rival, seismic surveyor PGS, posted first-quarter operating earnings well above analysts’ expectations on Thursday on strong late sales, but said that market uncertainty in the oil sector remains.

** TIME WARNER CABLE INC, Wednesday close $157.86

The second-largest U.S. cable TV operator reported a 3.5 percent rise in revenue as it added more residential video and high-speed data customers.

** OMNIVISION TECHNOLOGIES INC, Wednesday close $26.55

The company, which makes chips used in smartphone and tablet cameras, is close to a deal to be acquired by a group of Chinese investors, Bloomberg reported, citing people familiar with the matter.

** STATOIL, Wednesday close $77.65

The oil major swung to a surprise first quarter net loss on a writedown in the value of its U.S. shale business but its operating figures beat forecasts and the firm pleased investors by maintaining its dividend.

** CROWN CASTLE INTERNATIONAL CORP, Wednesday close $84.59

The wireless infrastructure provider said it would buy Quanta Fiber Networks Inc for $1 billion to expand its presence in top U.S. metropolitan markets.

** CIGNA CORP, Wednesday close $126.68

The U.S. health insurer reported a better-than-expected quarterly profit, helped by an increase in premiums and fees in its commercial business, which added more members.

** GENERAL MOTORS CO, Wednesday close $35.51

The automaker will announce on Thursday a multibillion-dollar, multiyear investment in several U.S. manufacturing plants in a move to boost production and vehicle quality, a person familiar with the matter said.

** SANOFI, Wednesday close $51.21

The French drugmaker warned that revenue in its key diabetes division would fall this year after it was forced to offer discounts for its best-selling drug Lantus in the United States.

** FLEXTRONICS INTERNATIONAL LTD, Wednesday close $12.22

The contract electronics manufacturer forecast first-quarter revenue below the average analyst estimate and also reported lower-than-expected fourth-quarter revenue.

** PENN WEST PETROLEUM LTD, Wednesday close $2.48

The Canadian oil producer’s quarterly loss more than doubled due to lower production and a fall in crude prices.

** BUNGE LTD, Wednesday close $87.03

The company, one of the world’s largest agricultural trading houses, reported a better-than-expected quarterly profit, helped by strong margins from soybean crushing and oilseeds exports. (Compiled by Avik Das in Bengaluru; Editing by Simon Jennings)

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