August 25, 2015 / 11:59 AM / 3 years ago

BUZZ-U.S. STOCKS ON THE MOVE-Best Buy, Acorda Therapeutics, Boeing

(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 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.


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

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