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

Anthera Pharmaceuticals

15/07/2014 14:24

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U.S. stock index e-mini futures were marginally up on Tuesday: 
Dow Jones industrial average futures  1YMc1  were up 0.15 
percent at 17,003, S&P 500 futures  ESc1  were up 0.08 percent 
at 1,972.5 and Nasdaq 100 futures  NQc1  were up 0.21 percent at 
3,927.5.  .N  
 
    ** ROCKWOOD HOLDINGS INC  ROC.N , Monday close $75.7, +13.34 
pct premarket      
    ** ALBEMARLE CORP  ALB.N , 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.  ID:nL4N0PQ36K  
 
    ** LA JOLLA PHARMACEUTICAL CO  LJPC.O , 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.  ID:nL4N0PQ43Y  
     
    ** LIONS GATE ENTERTAINMENT CORP  LGF.N , Monday close 
$28.73, +3.69 pct premarket 
    Chinese e-commerce giant Alibaba Group Holding  IPO-BABA.N  
and Lions Gate Entertainment Corp  LGF.N , the studio behind the 
'Hunger Games' films, will launch a subscription streaming 
service in China, the firms said in a statement on Tuesday. 
 ID:nL4N0PQ0NL  
     
   ** GOPRO INC  GPRO.O , 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. 
 ID:nL4N0PQ37T  
     
    ** OCEAN POWER TECHNOLOGIES INC  OPTT.O , 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.  ID:nL4N0PQ2Z7  
         
    ** CODEXIS INC  CDXS.O , Monday close $1.41, +92.91 pct 
premarket 
   The biofuel and biochemical maker's signed license deal with 
GlaxoSmithKline Plc  GSK.L , 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  ID:nL4N0PQ422  
     
    ** COMERICA INC  CMA.N , 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 deposits increased 4 
pct to $53.4 billion.  ID:nL4N0PQ3LZ  
     
    ** WOLVERINE WORLD WIDE INC  WWW.N , 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 shoes 
reaffirmed full-year adjusted earnings forecast of $1.57 to 
$1.63 per share. ID:nL4N0PQ3KS  
     
    ** STEMCELLS INC  STEM.O , 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.  ID:nL4N0PQ3WW  
     
    ** MICHAEL KORS HOLDINGS LTD  KORS.N , 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 cut price target to $82 from $85, Citigroup 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.  ID:nL4N0PQ3Q9  
     
    ** PLUG POWER INC  PLUG.O , 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. 
 ID:nL4N0PQ3PL  
     
    ** GOLDMAN SACHS GROUP INC  GS.N , Monday close $167, +1.62 
pct premarket 
    Goldman Sachs 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.  ID:nL4N0PQ3VD  
     
    ** CAMPBELL SOUP CO  CPB.N , 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.  ID:nL4N0PQ3M6  
 
    ** VALERO ENERGY CORP  VLO.N , 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. 
 ID:nL4N0PQ31D  
     
    ** LORILLARD INC  LO.N , >, Monday close $28.73, +3.69 pct 
premarket 
    ** REYNOLDS AMERICAN INC  RAI.N , 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.  ID:nL4N0PQ3KA    
     
    ** MICROSOFT CORP  MSFT.O , 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 that overlap with that business, as well 
as in marketing and engineering, Bloomberg said.  ID:nL4N0PQ12I  
     
    ** APOLLO EDUCATION GROUP  APOL.O , 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, Apollo Education Group said in a filing. 
 ID:nL4N0PP4ZF  
     
    ** JOHNSON & JOHNSON  JNJ.N , 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.  ID:nL2N0PQ0EQ  
        
    **  LEGGETT & PLATT  LEG.N , 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.  ID:nL4N0PP556  
 
    ** ANTHERA PHARMACEUTICALS INC  ANTH.O , Monday close 
$3.23, -0.93 pct premarket 
    Anthera said it acquired Sollpura, an investigational 
pancreatic enzyme replacement therapy, from Eli Lilly.  LLY.N  
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. 
 ID:nL4N0PQ30A  
 
 (Compiled by Sneha Banerjee in Bangalore; Edited by Don 
Sebastian) 
 ((sneha.banerjee@thomsonreuters.com)(within U.S. +1 646 223 
8780, outside U.S. +91 80 6749 1130)(Reuters Messaging: 
sneha.banerjee.thomsonreuters.com@reuters.net)) 
 
Keywords: MARKETS USA STOCKS/PULSE