February 21, 2017 / 3:07 PM / a year ago

BUZZ-U.S. STOCKS ON THE MOVE-Kraft, Unilever, Popeyes, EyeGate

* Eikon search string for individual stock moves: STXBZ

* The Day Ahead newsletter: tmsnrt.rs/2ggOmBi

* The Morning News Call newsletter: tmsnrt.rs/2fwPLTh U.S. stocks opened at record-highs on Tuesday as oil prices rose and investors cheered strong results of top U.S. retailers.

The Dow Jones Industrial Average was up 0.45 percent at 20,716.37, the S&P 500 was up 0.43 percent at 2,361.21 and the Nasdaq Composite was up 0.40 percent at 5,861.8.

** KRAFT HEINZ CO, $93.48, -3.28 pct

** UNILEVER PLC, $44.42, -8.47 pct

** MONDELEZ INTERNATIONAL INC, $44.43, +4.53 pct

The U.S. food company’s rapid retreat from its surprise $143 billion bid for Unilever, in the face of stiff resistance knocked the Anglo-Dutch company’s shares on Friday as investors assessed the impact of the failed approach.

Oreo cookie maker Mondelez is rumored to be a Kraft acquisition target.

** POPEYES LOUISIANA KITCHEN INC, $78.80, +19.18 pct

Restaurant Brands International Inc, owner of the Burger King and Tim Hortons fast-food chains, said it would acquire Popeyes Louisiana Kitchen PLKI.O for $1.8 billion in cash.



The eye drug developer entered a deal with Canadian drugmaker Valeant Pharmaceuticals Inc, which grants Valeant exclusive, worldwide commercial and manufacturing rights to its EyeGate II Delivery System and EGP-437 combination product candidate for use in post-operative treatment.

** TRONOX LTD, $17.96, +24.55 pct

The chemical maker said it would expand a business that makes titanium dioxide, a whitening pigment used in paints, paper and plastics with a $1.67 billion deal.

** WAL-MART STORES INC, $71.42, +2.96 pct

The retailer reported higher-than-expected global comparable sales, helped by a rise in online sales and higher traffic at Wal-Mart and Sam’s Club stores.

** MEDTRONIC PLC, $80.69, +2.29 pct

The medical device maker reported better-than-expected quarterly revenue and profit, driven by higher demand for its heart, vascular and minimally invasive products.


The provider of molecular diagnostic tests and pathology services announced a deal with cancer dialysis company Viatar CTC Solutions Inc to help assess indeterminate pancreatic cancer biopsies in patients with pancreatic cysts.

** TREVENA INC, $4.68, -34.36 pct

The drug developer said only some doses of its experimental opioid painkiller were found as effective as morphine in two late-stage studies, even though the drug outperformed a placebo, meeting its main study goals.

** FREEPORT-MCMORAN INC, $14.10, -5.43 pct

The U.S. mining giant warned on Friday it could take the Indonesian government to arbitration and seek damages over a contractual dispute that has halted operations at the world’s second-biggest copper mine.


The drugmaker said the U.S. Food and Drug Administration rejected its application to market an intranasal version of the emergency opioid-overdose treatment, naloxone.

** BRISTOL-MYERS SQUIBB CO, $53.57, -1.87 pct

The drugmaker said it appointed three directors to its board in a deal with activist investor Jana Partners LLC.

** COMMUNITY HEALTH SYSTEMS INC, $8.99, +30.29 pct

Mizuho Securities USA raised the hospital operator’s rating to “neutral” from “underperform” and price target to $7.50 from $3.00, after the company forecast a “reasonable” 2017.

** CIDARA THERAPEUTICS INC, $6.79, -41.97 pct

The biotech company said a mid-stage data on its experimental topical antifungal drug was not effective enough to justify further development in patients with a type of vaginal yeast infection called acute vulvovaginal candidiasis.

** GENERAL MOTORS CO, $37.84, +1.67 pct

PSA Group, the maker of Peugeot and Citroen cars, will respect existing Opel and Vauxhall labor agreements if it buys the European arm of General Motors, PSA and Opel workers’ representatives said in a joint statement.

** DRYSHIPS INC, $3.25, -27.29 pct

The dry bulk shipper said it would sell up to $200 million of its shares to Kalani Investments Ltd.

Compiled by Vishaka George in Bengaluru; Edited by Martina D'Couto

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