June 10, 2016 / 1:07 PM / in 2 years

BUZZ-U.S. STOCKS ON THE MOVE-Urban Outfitters, Gevo, Marvell Technology

Wall Street was set to open lower for the second straight day on Friday as oil prices retreated and worries about global growth pushed investors to seek refuge in safe haven assets. Dow Jones industrial average futures were down 0.62 percent at 17,862, S&P 500 futures were down 0.71 percent at 2,099.25 and Nasdaq 100 futures were down 0.81 percent at 4,475.25.

** GEVO INC, Thursday close $0.7, -32.86 pct premarket

The chemical and biofuel maker filed for a common stock offering of an undisclosed size, and intends to use net proceeds to fund working capital and for other general corporate purposes.

** MARVELL TECHNOLOGY GROUP LTD, Thursday close $10.26, -4.00 pct premarket

The chipmaker filed for a non-timely 10-Q. The company also said it expects net revenue for the first quarter to be substantially lower than a year earlier.

** H&R BLOCK INC Thursday close $21.54, +3.34 pct premarket

The U.S. tax-preparer posted better-than-expected fourth-quarter revenue, helped by improved pricing.

** SOPHIRIS BIO INC, Thursday close $1.17, +125.64 pct premarket

The company reported positive data from completed Phase 2a study of its prostate cancer treatment.

** URBAN OUTFITTERS INC, Thursday close $27.93, -8.34 pct premarket

The apparel retailer said quarterly comparable retail segment net sales so far are mid single-digit negative.

** APPLE INC, Thursday close $99.65, -0.70 pct premarket

Apple announced a series of long-awaited enhancements to its App Store on Wednesday, but the new features may not ease concerns of developers and analysts who say that the App Store model - and the very idea of the single-purpose app - has seen its best days.

** MATTRESS FIRM HOLDING CORP, Thursday close $33.58, -13.19 pct premarket

The mattress retailer reported a bigger-than-expected quarterly adjusted loss per share, hurt by charges related to the amortization of its tradename.

** TESLA MOTORS INC, Thursday close $229.36, -0.70 pct premarket

The electric car maker said on Friday there was no safety defect in its Model S or Model X, and that the U.S. National Highway Traffic Safety Administration (NHTSA) had not opened any investigation or any “preliminary evaluation” on the matter.

** YAHOO INC, Thursday close $37.35, -0.94 pct premarket

** VERIZON COMMUNICATIONS INC, Thursday close $51.95, -0.42 pct premarket

** AT&T INC, Thursday close $40.09, -0.52 pct premarket

Yahoo is set to put together a new shortlist of bidders for its core internet assets after several parties, including Verizon and AT&T, made second-round offers, people familiar with the matter said.

** VALEANT PHARMACEUTICALS INTERNATIONAL INC, Thursday close $25.48, -1.49 pct premarket

The Canadian drugmaker will pay $54 million to settle civil charges that its Salix unit paid illegal kickbacks to induce doctors to prescribe seven of its products, causing the submission of thousands of fraudulent reimbursement claims to the U.S. government.

** LENDINGCLUB CORP, Thursday close $4.47, -0.45 pct premarket

** ON DECK CAPITAL INC, Thursday close $5.05

Many online lenders have failed to detect the “stacking” of multiple loans by borrowers who slip through their automated underwriting systems, lending company executives and investors told Reuters.

** LIBERTY GLOBAL PLC, Thursday close $38.16

The company which owns Poland’s largest cable operator UPC is close to agreeing a takeover of UPC’s local rival Multimedia in a deal that would create a business covering half of the Polish cable market, Puls Biznesu newspaper reported. (Compiled by Sruthi Shankar in Bengaluru; Editing by Maju Samuel)

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