September 10, 2015 / 1:15 PM / 3 years ago

BUZZ-U.S. STOCKS ON THE MOVE-MediciNova, La Jolla, Apricus, Lululemon

(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, Wall Street was set to open lower on Thursday, with index futures wiping out earlier gains as more uncertain news emerged out of China. Dow Jones industrial average futures were down 0.33 percent at 16,216, S&P 500 futures were down 0.33 percent at 1,936.25 and Nasdaq 100 futures were down 0.24 percent at 4,245.

** APPLE INC, Wednesday close $110.15, +0.02 pct premarket

Apple unveiled a new TV set top box that responds to voice commands and fresh iPhones that sense the pressure of a finger tap.

** XPO LOGISTICS INC, Wednesday close $33.99, -5.12 pct premarket

** CON-WAY INC, Wednesday close $35.53, +33.21 pct premarket

XPO said it would buy trucking and logistics company Con-way for $3 billion, including debt, making it the second largest provider of less-than-truckload services in North America.

** KRISPY KREME DOUGHNUTS INC, Wednesday close $17.73, -15.79 pct premarket

The doughnut chain cuts FY 2016 profit forecast, blaming softer-than-expected sales in its consumer packaged goods category and charges on its derivative business.

** PALO ALTO NETWORKS INC, Wednesday close $165.17, +5.35 pct premarket

The cyber security company reported its strongest revenue growth in 10 quarters and forecast better-than-expected growth in the current quarter as governments and companies spend more to protect themselves from cyber attacks.

** BOX INC, Wednesday close $14.25, +2.74 pct premarket

The cloud storage provider reported a better-than-expected rise in quarterly revenue and raised its full-year revenue forecast for the second time as more customers subscribed to its content-sharing platform.

** GOOGLE INC, Wednesday close $643.41, -0.15 pct premarket

Chief Executive Sundar Pichai has made no secret that he wants to get back into China via Google Play, the app store for its Android mobile operating system.

** ALIBABA GROUP HOLDING LTD, Wednesday close $64.04, -0.80 pct premarket

Executive Vice Chairman Joe Tsai said on Thursday he is not thrilled that the e-commerce firm’s share price is below its listing level a year ago, but is confident the company is in better shape than it was then.

** UNITED CONTINENTAL HOLDINGS INC, Wednesday close $57.67

One day after ousting its chief executive, United Continental and its new boss, Oscar Munoz, moved to reassure shareholders and employees on Wednesday that the airline is stable.

** SEAGATE TECHNOLOGY PLC, Wednesday close $50.1, -1.40 pct premarket

The hard-disk maker said it plans to cut 1,050 jobs, or 2 percent of its workforce, as part of a restructuring plan.

** LULULEMON ATHLETICA INC, Wednesday close $64.05, -8.38 pct premarket

Shares of the Canadian yogawear retailer fell as results showed margins had narrowed due to higher operating costs, even as the company modestly raised its full-year earnings and sales forecasts on Thursday.

** NETFLIX INC, Wednesday close $99.18, -0.01 pct premarket

Apple Inc said on Wednesday it was updating Apple TV with a new app-based interface that allows requests through digital assistant Siri, to search for specific programs and movies across apps on Netflix.

** PHILLIPS 66, Wednesday close $80.65, +0.43 pct premarket

Warren Buffett’s Berkshire Hathaway Inc said it has purchased another 3.5 million shares of Phillips 66, bringing its total stake in the U.S. refiner to 11.4 percent.

** MICROSOFT CORP, Wednesday close $43.07, -0.42 pct premarket

Microsoft asked a federal appeals court on Wednesday to block the U.S. government from forcing the company to hand over a customer’s emails stored on an Irish server, warning that the precedent would create a “global free-for-all” that eviscerates personal privacy.

** EXPRESS SCRIPTS HOLDING CO, Wednesday close $83.61, -0.97 pct premarket

The pharmacy benefit manager said CEO George Paz will retire in May and President Tim Wentworth will succeed him.

* MEDICINOVA INC, Wednesday close $3.08, +13.64 pct premarket

The U.S. FDA grants fast-track status for the company’s experimental treatment of idiopathic pulmonary fibrosis - a fatal disease characterized by scarring of lungs.

** LA JOLLA PHARMACEUTICAL CO, Wednesday close $42.31, -7.54 pct premarket

The drug developer’s offering of 2.5 million shares was priced at $38 per share, representing a discount of 10 percent to the stock’s Wednesday’s closing price.

** APRICUS BIOSCIENCES INC, Wednesday close $1.7, +11.18 pct premarket

The drug developer takes back U.S. development and marketing rights for its erectile dysfunction cream, Vitaros, from Allergan Plc for a $1 million upfront payment and milestone payment of $1.5 million.

** ASSURANT INC, Wednesday close $73.32, +3.33 pct premarket

Canadian insurer Sun Life Financial Inc said it would buy New York-based insurer Assurant’s employee-benefits business for $975 million, creating the sixth largest group benefits business in the United States. (Compiled by Subrat Patnaik in Bengaluru; Editing by Maju Samuel)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below