September 18, 2015 / 1:07 PM / 3 years ago

BUZZ-U.S. STOCKS ON THE MOVE-Adobe Systems, Freeport-McMoRan, Tracon

(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 fell on Friday, a day after the Federal Reserve held off on raising interest rates: Dow Jones industrial average futures were down 1.19 percent at 16,460, S&P 500 futures were down 1.09 percent at 1,966 and Nasdaq 100 futures were down 0.96 percent at 4,338.

** ADOBE SYSTEMS INC, Thursday close $80.31, -2.32 pct premarket

The Photoshop maker’s lower-than-expected revenue and profit forecast for the current quarter overshadowed a strong rise in net subscriptions for its Creative Cloud software suite. The company also said that David Wadhwani, head of its digital media, was leaving to pursue a CEO opportunity.

** BANK OF AMERICA, Thursday close $15.86, -1.07 pct premarket

New York City’s $165 billion pension funds will vote to strip the banker’s CEO Brian Moynihan of his chairman title, a spokesman for the funds told Reuters on Thursday.

** PARSLEY ENERGY INC, Thursday close $16.54, -9.85 pct premarket

The oil and gas producer announced an offering of 13 million shares of its Class A common stock. The offering size represents about 9.2 percent of the company’s total outstanding shares as of May 12.

** FREEPORT-MCMORAN INC, Thursday close $12.05, -6.72 pct premarket

The diversified U.S. miner and energy producer said it had filed to sell additional shares to raise up to $1 billion. The company also raised $1 billion in gross proceeds through the sale of 96.7 million shares that was announced on Aug. 10.

** TRACON PHARMACEUTICALS INC, Thursday close $11.73, +64.11 pct premarket

The drug developer said a patient suffering from choriocarcinoma showed complete response to its experimental drug, TRC105. Choriocarcinoma is a fast-growing form of cancer that occurs in a woman’s uterus. It is currently treated using chemotherapy. Complete response to a drug is the disappearance of all signs of cancer in response to treatment. However, there are chances of a relapse.

** SOUFUN HOLDINGS LTD, Thursday close $5.87, +2.90 pct premarket

The Chinese online property portal said its management, IDG and Carlyle would invest $400 million-$700 million to purchase Class A shares and convertible notes.

** KINROSS GOLD CORP, Thursday close $1.69, +7.69 pct premarket

The Canadian miner lowered on Thursday its full-year capital spending and overhead costs forecasts and raised the lower end of its production outlook.

** BHP BILLITON, Thursday close $35.38, -2.15 pct premarket

The global miner expected coal prices to stay weak in the near term, but saw the fuel remaining an important part of the world’s energy mix for decades, even amid a push to cut carbon emissions, its coal chief said on Friday.

** MCDONALD’S CORP, Thursday close $97.84, -0.58 pct premarket

The world’s biggest restaurant chain’s shareholder group is renewing its call for the fast-food chain to stop buying any meat from animals raised with antibiotics vital to fighting human infections. The move from the Congregation of Benedictine Sisters of Boerne, Texas, comes amid growing concern from public health experts that the overuse of such drugs is contributing to rising numbers of life-threatening human infections from antibiotic-resistant bacteria dubbed “superbugs.”

** ADVAXIS INC, Thursday close $19.71, +3.04 pct premarket

The drug developer said its experimental cancer vaccine was found more effective in improving survival rates of cervical cancer patients than standard therapy, validating the technology behind its pipeline of cancer treatments. (Compiled by Manish Parashar in Bengaluru; Editing by Kirti Pandey)

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