BUZZ-U.S. Stocks on the Move-Rockwood, La Jolla, Michael Kors

(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for more market insights, including options activity, ; for the Day Ahead newsletter, http://link.reuters.com/mex49s; for the Morning News Call newsletter, http://link.reuters.com/nex49s) U.S. stock index e-mini futures were marginally up on Tuesday: Dow Jones industrial average futures were up 0.15 percent at 17,003, S&P 500 futures were up 0.08 percent at 1,972.5 and Nasdaq 100 futures were up 0.21 percent at 3,927.5.

** ROCKWOOD HOLDINGS INC, Monday close $75.7, +13.34 pct premarket

** ALBEMARLE CORP, Monday close $72.62

Chemicals maker Albemarle Corp said it would buy rival Rockwood Holdings Inc for $6.2 billion to bulk up its lucrative specialty chemical offerings. The combined company will have leading positions across four high-margin businesses - lithium-based battery products, refinery catalysts, bromine and surface treatment products, the companies said.

** LA JOLLA PHARMACEUTICAL CO (NasdaqCM: LJPC - news) , Monday close $10.85, +23.50 pct premarket

The drug developer reported positive pre-clinical data for LJPC-1010 in patients with non-alcoholic steatohepatitis, a form of liver inflammation. LJPC-1010 is a more potent form of company's lead experimental drug, which is being tested for use in chronic kidney disease in a mid-stage study. La Jolla plans to file for investigational new drug application (IND) for LJPC-1010 and commence clinical development in the first half of 2015. IND is reviewed by U.S. FDA to check if a product is safe for research subjects.

** LIONS GATE ENTERTAINMENT CORP, Monday close $28.73, +3.69 pct premarket

Chinese e-commerce giant Alibaba Group Holding and Lions Gate Entertainment Corp, the studio behind the 'Hunger Games' films, will launch a subscription streaming service in China, the firms said in a statement on Tuesday.

** GOPRO INC (Xetra: A1XE7G - news) , Monday close $36.84, +6.35 pct premarket

JMP Securities started coverage of the action camera maker's stock with a "market outperform" rating and a price target of $60. "Our positive investment stance is predicated on the view that first mover and financial advantages will allow it to capitalize on a multitude of under-penetrated and/or untapped opportunities," analyst Alex Gauna wrote in a note.

** OCEAN POWER TECHNOLOGIES INC (NasdaqGM: OPTT - news) , Monday close $1.53, -24.84 pct premarket

The company's unit, which develops systems to generate electricity from ocean waves, Victorian Wave Partners, sent a termination notice to Australian Renewable Energy regarding funding for renewable energy project, which it says is no longer commercially viable. Victorian Wave said it will stop all work on project and will not claim further funding and will return return A$66.5 million ($62.3 million) grant received from Australian government in 2010 for project.

** CODEXIS INC (NasdaqGS: CDXS - news) , Monday close $1.41, +92.91 pct premarket

The biofuel and biochemical maker's signed license deal with GlaxoSmithKline Plc (Other OTC: GLAXF - news) , allowing British drugmaker to use Codexis's platform technology to develop novel enzymes for use in GSK's products. Codexis is eligible to get up to $25 million over next two years, of which $6 million will be paid upfront and rest will be paid on completion of technology transfer milestones

** COMERICA INC (OTC BB: CMPWW - news) , Monday close $50.54, +2.89 pct premarket

The bank reported higher-than-expected profit for second quarter, as provision for credit losses fell 15 precent. Net income rose 6 pct to $151 million. Total (NYSE: TOT - news) deposits increased 4 pct to $53.4 billion.

** WOLVERINE WORLD WIDE INC (NYSE: WWW - news) , Monday close $26.45, +2.08 pct premarket

The casual and athletic footwear maker posted better-than-expected second-quarter profit and revenue helped by higher sales. Wolverine said it would shut about 140 retail stores over the next 18 months. The maker of Caterpillar (NYSE: CAT - news) shoes reaffirmed full-year adjusted earnings forecast of $1.57 to $1.63 per share.

** STEMCELLS INC (NasdaqCM: STEM - news) , Monday close $2.02, -4.95 pct premarket

The drug developer said it will offer two institutional investors about 11.3 million shares of common stock. 11.3 million shares represented 6.2 pct of company's total outstanding shares as of March. The company to issue short-term warrants for purchase of about 9.6 million additional shares of common stock and plans to raise $20 million. The company will fund product development and capital expenditures with gross proceeds from the offering.

** MICHAEL KORS HOLDINGS LTD, Monday close $85.67, -3.53 pct premarket

At least three brokerages cut price targets on the luxury handbag maker's, citing higher discounts and slow sales in June. Barclays (LSE: BARC.L - news) cut price target to $82 from $85, Citigroup (NYSE: C - news) to $98 from $107 and Sterne Agee to $92 from $100 . "Store checks indicate a larger portion of products on sale (30 pct-50 pct off) in June than what we had seen historically," Barclays analysts wrote in a note. "Elevated inventory levels, broader discounting and investment needs may all combine to pressure margins in the near future," Sterne Agee analyst Ike Boruchow said in a note.

** PLUG POWER INC (NasdaqCM: PLUG - news) , Monday close $4.18, +12.20 pct premarket

FBR Capital Markets startED coverage on the fuel cell maker's stock with "outperform" rating, price target of $8. Plug Power has successfully shifted to offering complete hydrogen-based solutions from making just fuel cell power packs for material handling systems, analysts said. Analysts expect new order wins in United States, potential for expansion in Europe and rollouts of hydrogen delivery solutions.

** GOLDMAN SACHS GROUP INC, Monday close $167, +1.62 pct premarket

Goldman Sachs (NYSE: GS-PB - news) reported 5 pct increase in second-quarter profit, driven by higher revenue from its investing and lending business. The bank earned $1.95 billion, or 4.10 per share, in the three months ended June 30. Analysts on average had expected Goldman to report earnings of $3.05 per share, according to Thomson Reuters I/B/E/S.

** CAMPBELL SOUP CO, Monday close $45.27, -2.50 pct premarket

Analysts at Goldman Sachs cut its rating on the world's largest soup maker's stock to sell from neutral, saying it anticipated a shortfall in earnings due to industry headwinds and lower promotional efficacy. The brokerage also cut its price target to $39 from $41. Goldman Sachs said it expected Campbell's earnings per share to fall next year and believed its 2015 forecast could disappoint.

** VALERO ENERGY CORP, Monday close $49.93, -1.36 pct premarket

The largest independent U.S. refining company Estimated second-quarter profit from continuing operations of $1.10-$1.25 per share, below the average analyst forecast of $1.39. Valero said it expects a loss of 12 cents per share from discontinued operations due to an asset retirement at the Aruba refinery.

** LORILLARD INC (NYSE: LO - news) , >, Monday close $28.73, +3.69 pct premarket

** REYNOLDS AMERICAN INC (NYSE: RAI - news) , Monday close $63.18

Camel cigarettes maker Reynolds American Inc said it would buy rival Lorillard Inc in a cash-and-stock deal valued at $27.4 billion, including net debt.

** MICROSOFT CORP, Monday close $42.14, +0.52 pct premarket

Microsoft Corp is planning its biggest round of job cuts in five years as the software maker looks to integrate Nokia Oyj's NOK1V.HE handset unit, Bloomberg reported, citing people with knowledge of the company's plans. The reductions, expected to be announced as soon as this week, could be in the Nokia unit and the parts of Microsoft (NasdaqGS: MSFT - news) that overlap with that business, as well as in marketing and engineering, Bloomberg said.

** APOLLO EDUCATION GROUP, Monday close $29.57, -1.08 pct premarket

The U.S. Department of Education will review the administration of federal student aid at the University of Phoenix (LSE: PHNX.L - news) , Apollo Education Group said in a filing.

** JOHNSON & JOHNSON (NYSE: JNJ - news) , Monday close $105.38

Johnson & Johnson reported sharply better-than-expected quarterly revenue and earnings, fueled by strong sales of newer prescription drugs, including its Olysio treatment for hepatitis C.

** LEGGETT & PLATT, Monday close $33.67

The Furniture maker said it is looking to divest its underperforming store fixtures business and expects to take a $108 million goodwill impairment related to the business in the second quarter.

** ANTHERA PHARMACEUTICALS INC (NasdaqGM: ANTH - news) , Monday close $3.23, -0.93 pct premarket

Anthera said it acquired Sollpura, an investigational pancreatic enzyme replacement therapy, from Eli Lilly. Anthera plans to sub-license all of Sollpura's rights to newly formed unit, Alkira Therapeutics. Sollpura is potential treatment for patients with low levels of digestive enzymes. (Compiled by Sneha Banerjee in Bangalore; Edited by Don Sebastian)