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* IBM shares were up 0.7 percent at $167.25 in
premarket trading after its earnings exceeded low expectations
on Monday as it shed unprofitable businesses to focus on
cloud-computing.
* Chemical conglomerate DuPont <DD.N> shares fell 1.6 percent
after it said a stronger dollar would eat into its full-year
operating profit, but reported a better-than-expected profit as
cost cuts propped up margins in some businesses.
* Mylan <MYL.O> was up 8.8 percent at $74 after Bloomberg
reported that Israeli drugmaker Teva <TEVA.N> is preparing an
unsolicited offer for the company in what could be the drug
industry's largest takeover attempt this year.
* Earnings expected Tuesday include Verizon Communications <VZ.N>
and Omnicom <OMC.N> before the markets open and Chipotle <CMG.N>,
Yahoo <YHOO.O> and Yum Brands <YUM.N> after the close.
* Hedge fund manager David Einhorn's Greenlight Capital has
taken a new stake in General Motors Co <GM.N>, nearly a year
after selling off it position in the automaker, the firm said in
a letter to clients on Monday.
Futures snapshot at 7:07 a.m. EDT (1107 GMT):
* S&P 500 e-minis were up 7 points, or 0.33 percent, with
132,800 contracts changing hands.
* Nasdaq 100 e-minis were up 16 points, or 0.36 percent, in
volume of 23,939 contracts.
* Dow e-minis were up 49 points, or 0.27 percent, with 26,455
contracts changing hands.
(Reporting by Tanya Agrawal; Editing by Savio D'Souza)
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