June 23, 2016 / 1:02 PM / in 2 years

BUZZ-U.S. STOCKS ON THE MOVE-Steelcase, Qunar, Red Hat, Bed Bath & Beyond

(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 at their highest level in a month on Thursday as investors saw an increased chance of Britain remaining in the European Union, a scenario that would avert a possible financial crisis. Dow Jones industrial average futures were up 0.97 percent at 17,860, S&P 500 futures were up 0.96 percent at 2,096.75 and Nasdaq 100 futures were up 0.98 percent at 4,437.5.

** STEELCASE INC, Wednesday close $14.73, -10.39 pct premarket

The office furniture maker forecast lower-than-expected second quarter sales, adjusted earnings per share due to fall in orders in Americas, Middle East, Africa, U.K.

** QUNAR CAYMAN ISLANDS LTD, Wednesday close $26.42, +8.97 pct premarket

The Chinese online travel company said a unit of private equity fund Ocean Imagination LP offered to acquire the company at $30.39 per American depositary share, representing a premium of 15 percent to the stock’s Wednesday close.

** RED HAT INC, Wednesday close $79.75, -6.09 pct premarket

The world’s largest commercial distributor of the Linux operating system said it would buy software management provider 3scale, but cut its full-year adjusted profit outlook mainly due to costs related to the deal.

** BLACKBERRY LTD, Wednesday close $6.74, +3.12 pct premarket

The Canadian smartphone maker posted a 35 percent fall in first-quarter revenue and a third straight quarterly loss as it paid heavily to restructure its operations and write down the value of some assets.

** MICRON TECHNOLOGY INC, Wednesday close $12.72, +4.87 pct premarket

Susquehanna Financial Group raised rating on the memory chip maker to ‘positive’ from ‘neutral’ and price target to $18 from $10, saying a third party such as Intel Corp could step in and help Micron lower its debt through a prepayment or an investment.

** BED BATH & BEYOND INC, Wednesday close $43.18, -3.87 pct premarket

The home furnishing retailer posted an unexpected drop in first quarter same-store sales as stores sales were hit by customers’ shift to online sales.

** BHP BILLITON PLC, Wednesday close $28.05, +3.39 pct premarket

The Australian mining giant pulled a $500 million debt refinancing plan at one of Australia’s biggest coal export terminals after banks were reluctant to lend to the sector, said three sources with knowledge of the process.

** ROYAL BANK OF SCOTLAND GROUP PLC, Wednesday close $7.29, +3.43 pct premarket

The European bank has received bids for its Greek ship finance business, banking and financial sources familiar with the matter said, following a leap in bad shipping debts at the lender over the past few months.

** ASTRAZENECA PLC, Wednesday close $28.7, +1.81 pct premarket

The drugmaker said it would take an $80 million writedown on stocks of its flu vaccine Flumist Quadrivalent, which is sprayed into the nose, after U.S. health authorities decided they would not use the product.

** BARNES & NOBLE INC, Wednesday close $10.44, +5.36 pct premarket

Barnes & Noble expects new products and marketing initiatives to help it attract customers as the U.S. bookstore chain operator gears up to fight fierce competition from Amazon.com Inc.

** BOEING CO, Wednesday close $131.77, +1.50 pct premarket

Demand for passenger jets is strengthening, Boeing chief Dennis Muilenbeurg was quoted as saying on Thursday in an interview with French newspaper Le Figaro.

** FIAT CHRYSLER AUTOMOBILES NV, Wednesday close $6.92, +2.89 pct premarket

The Milan-based carmaker said on Wednesday it is speeding up its software fix for 1.1 million recalled vehicles for rollaway risks like the recalled Jeep Grand Cherokee involved in the death of actor Anton Yelchin.

** ELEVEN BIOTHERAPEUTICS INC, Wednesday close $2.33, +0.86 pct premarket

The company says its board approved a strategic restructuring plan under which it will eliminate a portion of its workforce. The company will cut 14 positions, representing 70 percent of its total workforce. (Compiled by Anet Josline Pinto in Bengaluru; Edited by Don Sebastian)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below