December 19, 2016 / 12:58 PM / 2 years ago

BUZZ-U.S. STOCKS ON THE MOVE-Lennar, Apple, Mosaic

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U.S. stock index futures were slightly higher on Monday as investors awaited a speech by Federal Reserve Chair Janet Yellen, less than a week after the Fed raised interest rates for only the second time since the financial crisis.

Dow Jones industrial average futures were up 0.15 percent at 19,824, S&P 500 futures were up 0.13 percent at 2,258.25 and Nasdaq 100 futures were up 0.15 percent at 4,923.25.

** LENNAR CORP, Friday close $43.42, +2.60 pct premarket

The No. 2 U.S. homebuilder reported higher-than-expected quarterly profit and revenue and said the housing market continued to make a “slow and steady recovery.”

** APPLE INC, Friday close $115.97, -0.04 pct premarket

The iPhone maker will launch a legal challenge this week to a record $14 billion EU tax demand, arguing that EU regulators ignored tax experts and corporate law and deliberately picked a method to maximise the penalty, senior executives said.

** MOSAIC CO, Friday close $29.56

Vale SA agreed to sell part of its fertilizer business to Mosaic for $2.5 billion in a move aimed at helping the world’s largest iron ore producer cut debt and focus on core mining activities.


Toronto-based insurance group Fairfax Financial Holdings Ltd has agreed to buy Swiss insurer Allied World Assurance Company for $4.9 billion in cash and stock, the companies said on Sunday.

** BLACKBERRY LTD, Friday close $7.58, -1.06 pct premarket

Canada’s BlackBerry Ltd will open an autonomous driving research center as it tries to make itself an indispensable under-the-hood piece of the automotive industry’s weaponry in the self-driving vehicle arms race. (Compiled by Sruthi Shankar in Bengaluru)

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