September 22, 2015 / 11:31 AM / in 2 years

BUZZ-U.S. STOCKS ON THE MOVE-Darden, General Mills, Boeing

(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 down on Tuesday as oil and copper prices fell on uncertain demand from China. Dow Jones industrial average futures were down 1.36 percent at 16,233, S&P 500 futures were down 1.41 percent at 1,935.25 and Nasdaq 100 futures were down 1.73 percent at 4,266.25.

** DARDEN RESTAURANTS INC, Monday close $70.27, +1.32 pct premarket

The restaurant chain operator’s sales rose for the sixth straight quarter as changes to the menu at its Olive Garden restaurants attracted more customers.

** GENERAL MILLS INC, Monday close $56.79, +0.37 pct premarket

The maker of Cheerios cereal and Yoplait yogurt reported a 23.6 percent rise in quarterly net profit, helped by higher sales of its cereals, meals and yogurts in the United States.

** BANK OF AMERICA CORP, Monday close $15.7, -1.46 pct premarket

A group of shareholders is looking to strip the bank’s Chief Executive Brian Moynihan of his chairman title on Tuesday in an investor vote and whether they fail or succeed, they have notched a victory just by getting the bank to hold a special meeting on the matter.

** BRITISH AMERICAN TOBACCO PLC, Monday close $110.15, -1.07 pct premarket

** REYNOLDS AMERICAN INC, Monday close $42.79

British American Tobacco said it would buy Poland’s CHIC Group, owner of Europe’s largest e-cigarette retailing network, and signed a vapour technology-sharing term sheet with RJ Reynolds Tobacco Co, a unit of Reynolds American.

** RED HAT INC, Monday close $72.72, +0.39 pct premarket

The world’s largest commercial distributor of the Linux operating system reported a 13 percent rise in quarterly revenue, helped by higher demand for open-source software and cloud offerings.

** GOLDMAN SACHS GROUP INC, Monday close $183.35

Goldman will likely keep a stake in Danish utility DONG Energy after shares in the company are listed in the next 18 months, Michael Spect Bruun, a partner of the investment bank, was quoted saying by newspaper Borsen.

** MICROSOFT CORP, Monday close $44.11, -1.43 pct premarket

The software maker said it began the worldwide roll-out of Office 2016, the latest addition to its cloud-based subscription service Office 365.

** ASTRAZENECA PLC, Monday close $33.54, -2.21 pct premarket

The drugmaker is harnessing the wisdom of crowds to help mix tomorrow’s cancer drug cocktails. The company said its decision to release preclinical data from more than 50 of its medicines was unprecedented in scale and would help accelerate the hunt for synergistic tumour-fighting drug combinations.

** GILEAD SCIENCES INC, Monday close $105.74, -1.34 pct premarket

GlaxoSmithKline is banking on new long-acting HIV medicines and simple two-drug regimens to close the gap on arch-rival Gilead Sciences.

** AMERISOURCEBERGEN CORP, Monday close $105.28

Medicines distributor Amerisourcebergen said it authorized a special $2.4 billion share repurchase program to mitigate a possible dilution from the exercise of warrants issued to Walgreens Boots Alliance Inc in 2013.

** BOEING CO, Monday close $136.02

India’s cabinet cleared the purchase of the aircraft maker’s Apache and Chinook helicopters in a deal worth around $2.5 billion, two government sources said, in a further boost to defence ties with the United States.

** SILVER WHEATON CORP, Monday close $12.2, -1.72 pct premarket

Believing it has a strong case, the mining financing company is keen to get its disagreement with Canada’s tax authorities to court as soon as possible but any resolution is at least two years away, its chief executive said. (Compiled by Kshitiz Goliya in Bengaluru; Editing by Maju Samuel)

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