March 9, 2016 / 12:35 PM / in 2 years

BUZZ-U.S. STOCKS ON THE MOVE-Amarin, Blue Buffalo, Chipotle, Valeant

(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 higher on Wednesday, tracking a rise in oil prices, even as investors remained wary of weakness in the global economy, led by China. Dow Jones industrial average futures were up 0.53 percent at 17,062, S&P 500 futures were up 0.56 percent at 1,992 and Nasdaq 100 futures were up 0.57 percent at 4,294.75.

** VALEANT PHARMACEUTICALS INTERNATIONAL INC, Tuesday close $63.15

The embattled drug company, whose stock price has tumbled 38 percent this year, will appoint three new board members as soon as Wednesday, people familiar with the matter said on Tuesday.

** CHEVRON CORP, Tuesday close $88.74, +0.73 pct premarket

The company will add two drilling rigs to the oil-rich Permian shale of West Texas in 2016, part of a bet that crude prices CLc1 will rise this year from near 10-year lows.

** LOCKHEED MARTIN CORP, Tuesday close $215.34

The weapons maker’s aeronautics business said it plans to reduce about 1,000 positions in the United States through a “voluntary layoff” program.

** CHIPOTLE MEXICAN GRILL INC, Tuesday close $524.69, -2.42 pct premarket

The company, which is trying to recover from a series of food-borne illness outbreaks, temporarily shut a Massachusetts restaurant after four employees fell sick, Bloomberg reported on Tuesday, citing a company spokesman.

** UNITED CONTINENTAL HOLDINGS INC, Tuesday close $56.34

Two investment funds with major stakes in the company launched a fight for control on Tuesday, proposing a slate of directors led by industry legend Gordon Bethune to shake up the board of the poorly performing airline.

** ENCANA CORP, Tuesday close $5.22, -1.34 pct premarket

The Canadian oil and natural gas producer, looking to further trim its debt load, is exploring the sale of more non-core assets in the United States and Canada that could be worth about $1 billion, two sources familiar with the matter said.

** LUMBER LIQUIDATORS, Tuesday close $11.77, +2.80 pct premarket

Hedge fund manager Whitney Tilson, who last year accused the flooring retailer of selling flooring laced with cancer-causing materials, is betting the stock will drop more because the cancer risk is bigger than he first thought.

** BLUE BUFFALO PET PRODUCTS, Tuesday close $18.56, +10.72 pct premarket

The organic pet food maker posted better-than-expected fourth-quarter sales, boosted by demand for dry foods.

** SAREPTA THERAPEUTICS INC, Tuesday close $14.44

The drug developer said it had not received a rescheduled date for the review of its drug for a rare muscle wasting disorder by an FDA advisory panel and would slash about 17 percent of its workforce.

** ZAGG INC, Tuesday close $10.45

The mobile accessories maker’s fourth-quarter revenue, earnings miss estimates, hurt by a decline in tablet keyboard sales.

** AMARIN CORP PLC, Tuesday close $1.55, +12.26 pct premarket

The Ireland-based drug company can promote its fish-oil pill for unapproved uses after the U.S. Food and Drug Administration decided not to appeal a judge’s ruling that the company has the right under the First Amendment to make truthful and non-misleading statements about its products.

** AEROVIRONMENT INC, Tuesday close $26.58

The drone maker reported a better-than-expeted third-quarter profit and raised its 2016 gross profit margin forecast.

** CERUS CORP, Tuesday close $5.32

The medical device maker’s fourth-quarter operating loss rose about 16 percent to $15 million as operating costs rise 16 percent.

** IMPERIAL OIL LTD, Tuesday close $33.11

Canada’s No. 2 integrated oil producer and refiner said it agreed to sell 497 remaining company-owned Esso retail stations to five fuel distributors for about C$2.8 billion ($2.09 billion). (Compiled by Manish Parashar in Bengaluru; Editing by Maju Samuel)

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