U.S. Stocks on the Move-Geron, Baker Hughes, Abengoa, Petrobras, BlackBerry
14/11/2014 12:12
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U.S. stock index e-mini futures inched up on Friday: Dow Jones
industrial average futures 1YMc1 were up 0.03 percent at
17,602, S&P 500 futures ESc1 were up 0.04 percent at 2,034.75
and Nasdaq 100 futures NQc1 were up 0.10 percent at 4,209.
.N
** GERON CORP GERN.O , Thursday close $2.31, +45.89 pct
premarket
** JOHNSON & JOHNSON JNJ.N , Thursday close $109.07
Geron licensed its cancer compound, the last in its
pipeline, to a unit of J&J for up to $935 million, in a welcome
break to the company whose stock price has dropped from a high
of $71.69 in 2000 to $2.31 on Thursday. ID:nL3N0T38HI
** BAKER HUGHES INC BHI.N , Thursday close $58.75, +3.83
pct premarket
** HALLIBURTON CO HAL.N , Thursday close $53.79, +0.76 pct
premarket
** SCHLUMBERGER SLB.N , Thursday close $94.85, +0.04 pct
premarket
** WEATHERFORD INTERNATIONAL PLC WFT.N , Thursday close
$16.33
Oilfield services provider Baker Hughes is in preliminary
merger talks with its larger rival Halliburton. A tie up between
the No. 2 and No. 3 players might allow them to better weather
the downturn, resist pressure from oil producers to slash prices
and better compete with industry leader Schlumberger.
Weatherford, a much smaller rival, has long been seen as
vulnerable. ID:nL2N0T32PA
** ABENGOA ABGB.O , Thursday close $15.05, -35.15 pct
premarket
The U.S.-listed stock of Spanish energy company's Abengoa
ABGek.MC ABG.MC fall a day after its bonds were hammered in
secondary market as comments made on a results call raised
concerns about how Abengoa accounts for its debts, IFR reported.
ID:nL6N0T41KG ID:nL6N0T429S
The stock, in Spain, had hit its lowest intraday levels
since February on Thursday after the company cuts 2014 revenue
forecast.
** TUBEMOGUL INC TUBE.O , Thursday close $18.01, +11.05 pct
premarket
The advertising software maker reported third-quarter
revenue doubled and beat the average analyst estimate as the
company signed up more clients. TubeMogul forecasts
fourth-quarter and full-year revenue above market estimates.
ID:nGNXVCBXUa
RBC raised it price target on the stock to $21 from $13. Up
to Thursday's close, stock has risen 157 percent since its debut
on July 18.
** PETROLEO BRASILEIRO SA PBR.N , Thursday close
$10.2, -4.31 pct premarket
The Brazilian state-run oil company PETR4.SA delayed the
release of its third-quarter earnings report to allow more time
to investigate corruption allegations. The company, known as
Petrobras, plans to report its earnings on Dec. 12 and not on
Friday, the last day it could have done so without incurring
hefty fines. ID:nL2N0T336X
** BLACKBERRY LTD BBRY.O , Thursday close $12.06
The Canadian smartphone maker BB.TO announced partnerships
with Samsung Electronics Co 005930.KS and other high-profile
tech players, broadening the reach of its new mobile-device
management and security platform. ID:nL2N0T31PX
** COEUR MINING INC CDE.N , Thursday close $3.8, -4.47 pct
premarket
CIBC World Market Inc analysts cut its rating on the silver
miner's stock to "sector underperform". "The CIBC silver price
forecast has rapidly deteriorated in the face of a sharp slide
in precious metal prices over the past month," CIBC analysts
wrote in a note.
** CHINA FINANCE ONLINE CO LTD JRJC.O , Thursday close
$6.56, -2.90 pct premarket
The Chinese web-based financial services company changed its
auditor earlier this month, according to a regulatory filing on
Friday. There were no disagreements between the company and the
auditor, Grant Thornton China, the filing added. ID:nEOLv4zlH
** GLAXOSMITHKLINE GSK.N , Thursday close $45.66, +0.53 pct
premarket
** APOLLO GLOBAL MANAGEMENT APO.N
The private equity firm, run by Leon Black, is planning to
bid for all of GlaxoSmithKline's mature drugs, joining an
auction expected to value the business at more than $3 billion,
according to four people familiar with the process. GSK had
asked for final bids by early next week. ID:nL6N0T367Z
** STARBUCKS CORP SBUX.O , Thursday close $77.89
** AMAZON.COM INC AMZN.O , Thursday close $316.48
** APPLE INC AAPL.O , Thursday close $112.82
A deal between Starbucks and Dutch authorities may be
illegal state aid as it allows the world's biggest coffee chain
to make payments on a lower corporate income tax base, European
Union antitrust regulators said. ID:nL6N0T411P
The comments by the European Commission came five months
after it opened an in-depth investigation. The probe into
so-called sweetheart deals which the Commission said may give
the companies an unfair advantage also involve Amazon, Apple and
Italian carmaker Fiat FCHA.MI .
** ORACLE CORP ORCL.N , Thursday close $40.72
** SAP SE SAP.N , Thursday close $66.63
The two enterprise software rivals have settled a fierce
long-running copyright litigation for $356.7 million over
improper downloads of Oracle files. ID:nL2N0T33D3
** APPLIED MATERIALS INC AMAT.O , Thursday close $22.62
The top chip gear-maker posted higher fiscal fourth-quarter
results but its outlook for the first quarter was shy of Wall
Street's expectations. ID:nL2N0T32T6
Jefferies cut its price target on the stock to $27 from $28
and B Riley cut to $24.50 from $25.00.
** BOSTON SCIENTIFIC CORP BSX.N , Thursday close $13.41
The medical device maker was ordered to pay four women a
total of $26.7 million after it was found liable for selling
faulty transvaginal mesh devices, following one of the first
federal trials resulting from thousands of lawsuits over the
devices. ID:nL2N0T33EY
** VIRGIN AMERICA INC VA.O
The low-cost U.S. offshoot of Richard Branson's London-based
Virgin Group is expected to debut on Friday. ID:nL3N0T38JZ
The IPO of 13.3 million shares, of which Virgin America sold
13.1 million, raised about $307 million after it was priced
slightly below the expected range of $21-$24 per share.
(Compiled by Anet Josline Pinto in Bangalore; Editing by Savio
D'Souza)
((AnetJosline.Pinto@thomsonreuters.com; within U.S. +1 646 223
8780, outside U.S. +91 99 1694 7070; Reuters Messaging:
AnetJosline.Pinto.thomsonreuters.com@reuters.net))
Keywords: MARKETS USA STOCKS/PULSE