(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 e-mini futures were up on Tuesday: Dow Jones industrial average futures were up 3.84 percent at 16,312, S&P 500 futures were up 3.95 percent at 1,945.25 and Nasdaq 100 futures were up 4.44 percent at 4,181.
** BEST BUY CO INC, Monday close $29.27, +13.26 pct premarket
The owner of the biggest U.S. electronics chain reported an unexpected increase in quarterly sales, helped by demand for appliances, TVs and mobile phones.
** ACORDA THERAPEUTICS INC, Monday close $28.96, +27.76 pct premarket
The drug developer said the U.S. patent office rejected an attempt by hedge fund manager Kyle Bass to challenge two patents on its flagship multiple sclerosis drug, Ampyra.
** NORTHROP GRUMMAN CORP, Monday close $160.02, +1.24 pct premarket
** LOCKHEED MARTIN CORP, Monday close $197.46, +4.32 pct premarket
** BOEING CO, Monday close $127.19, +3.69 pct premarket
U.S. Air Force Secretary Deborah James said on Monday a contract for a new long-range bomber would be awarded soon, and the project would not be considered a “new start” program that could be halted if Congress fails to pass a budget for fiscal 2016.
Northrop Grumman, maker of the B-2 bomber, is competing against a team made up of Boeing and Lockheed Martin for a deal that could be worth $50 billion to $80 billion to the winning bidder.
Boeing raised on Tuesday its forecast for China’s aircraft demand over the next 20 years, saying it was optimistic about the long-term outlook for the world’s second largest aviation market despite a slowing economy and weak stock market.
** BHP BILLITON PLC, Monday close $32.18, +7.21 pct premarket
The world’s biggest miner reported its worst underlying profit in a decade on Tuesday, gutted by plunging iron ore, copper, coal and oil prices, and said it would cut spending more deeply to shore up dividends.
** SEARS HOLDINGS CORP, Monday close $21.98
The retailer named a former Johnson & Johnson executive to a new position as president of “hardlines” as the struggling retailer tries to stem the declining market positions of the Kenmore, Diehard and Craftsman brands.
** TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD, Monday close $18.76
The world’s No.1 contract chip manufacturer said it would stop making solar modules at the end of this month because the sector was not profitable.
** CHARLES SCHWAB CORP, Monday close $29.55
The savings and loan holding company’s unit has agreed to a $2 million civil fine for failing to keep sufficient cash on hand to meet capital requirements on three separate days last year, Wall Street’s industry-funded watchdog said on Monday.
** ASSURANT INC, Monday close $71.59
Canadian insurer Sun Life Financial Inc is in talks to buy New York-based insurer Assurant’s employee-benefits unit for about $900 million, Bloomberg reported, citing people familiar with the matter.
Compiled by Arunima Banerjee in Bengaluru; Editing by Sriraj Kalluvila