(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) Wall Street was set to open sharply lower on Tuesday due to a fall in oil and copper prices on concerns about the outlook for the Chinese economy. Dow Jones industrial average futures were down 1.67 percent at 16,182, S&P 500 futures were down 1.72 percent at 1,929.25 and Nasdaq 100 futures were down 1.97 percent at 4,255.75.
** DARDEN RESTAURANTS INC, Monday close $70.27, +1.32 pct premarket
The restaurant chain operator reported better-than-expected profit and sales as changes to the menu and service at its Olive Garden restaurants attracted more customers and price hikes boosted revenue.
** CONAGRA FOODS INC, Monday close $42.4, -0.94 pct premarket
The maker of Slim Jim beef jerky and Chef Boyardee pasta reported reported a better-than-expected quarterly profit, helped by a 3.5 percent rise in sales in its commercial foods business, which makes ingredients for other manufacturers and restaurants.
** CONATUS PHARMACEUTICALS INC, Monday close $4.34, +7.60 pct premarket
H.C. Wainwright & Co starts coverage on the drug developer’s stock with a “buy” rating, citing potential for the company’s liver drug, emricasan.
** GENERAL MILLS INC, Monday close $56.79, +0.02 pct premarket
The maker of Cheerios cereal and Yoplait yogurt reported a better-than-expected quarterly net profit as U.S. sales showed further recovery.
** UNITED AIRLINES INC, Monday close $60.45, -0.74 pct premarket
The U.S. airline plans to become the first carrier in the world to operate flights between the United States and Xian, China, a popular tourist destination close to the famous Terracotta Army site.
** 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, +0.00 pct premarket
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, -3.05 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, -1.55 pct premarket
Goldman CEO Lloyd Blankfein said he had a “highly curable” form of lymphoma, but would be able to work substantially as normal during treatment.
** MICROSOFT CORP, Monday close $44.11, -1.72 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, -2.56 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, -1.60 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, +0.00 pct premarket
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, -1.49 pct premarket
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, -2.46 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)