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CCV - Churchill Capital V News Story

$9.78 -0.0  -0.2%

Last Trade - 29/07/21

Mid Cap
Market Cap £440.7m
Enterprise Value £440.2m
Revenue £n/a
Position in Universe 3414th / 7008

MARKET PULSE-Health Insurers, HP, BGC Partners, Vodafone

Tue 2nd April, 2013 12:33pm

(For more market insights, including options activity, click on

STXNEWS/US ; for the Day Ahead newsletter

April 2 (Reuters) - Some U.S. stocks to watch on Tuesday:


U.S. stock index futures rose on Tuesday, pointing to a rebound from the previous session and tracking a rise in European equities.

S&P 500 futures SPc1 rose 6.9 points and were above fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures DJc1 were up 36 points and Nasdaq 100 futures NDc1 were up 9.5 points. .N

** HUMANA INC HUM.N , Monday close $75.02, up 12 pct premarket

** UNITEDHEALTH GROUP INC UNH.N , Monday close $58.97, up 4 pct premarket

** AETNA INC AET.N , Monday close $$52.38, up 2 pct after market

** UNIVERSAL AMERICAN CORP UAM.N , Monday close $8.68, up 7 pct after market

** MOLINA HEALTHCARE INC MOH.N , Monday close $30.76, up 2 pct after market

In a reversal that followed intense lobbying from the health insurance industry and members of Congress, the U.S. government said it will increase the payment rate for health insurers that offer coverage through the popular Medicare Advantage program.

The Centers for Medicare & Medicaid Services said on Monday it will increase the rate by 3.3 percent in 2014, reversing a 2.3 percent cut announced in February.

The turnaround boosted shares of major health insurance companies. ID:nL2N0CO1PW

** BGC PARTNERS INC BGCP.O , Monday close $3.85, up 40 pct premarket

** NASDAQ OMX GROUP INC NDAQ.O , Monday close $32.01

Nasdaq OMX Group agreed to buy electronic Treasuries-trading platform eSpeed from BGC Partners for $750 million in cash, providing the exchange operator an entry into one of the world's largest and most liquid cash markets. ID:nL3N0CO2FE

** APPLE INC AAPL.O , Monday close $428.91

Chief Executive Tim Cook apologized to Chinese consumers on Monday and altered iPhone warranty policies in its No. 2 market after more than two weeks of condemnation in the state-run media of its after-sales service. ID:nL5N0CO1IT

Fidelity Contrafund, a $92 billion fund that is the largest active shareholder in Apple, on Monday reported that it cut its stake in the iPhone maker by 10 percent during the first two months of 2013. ID:nL2N0CO0JZ

** NUANCE COMMUNICATIONS INC NUAN.O , Monday close $20.18, up 9 pct premarket

Billionaire investor Carl Icahn, known for taking large "activist" positions in companies and pushing for management change, has taken a 9.27 percent stake in speech recognition and digital imaging software maker Nuance Communications, according to a regulatory filing on Monday. ID:nL2N0CO1QW

** HEWLETT PACKARD HPQ.N , Monday close $23.31, down 4 pct premarket

Goldman Sachs cut its rating on the world's No.1 personal computer maker's stock to "sell" from "neutral", reported.

** VODAFONE VOD.O VOD.L , Monday close $28.34, up 5 pct premarket

The Financial Times Alphaville blog cited "usually reliable people" as saying that Verizon Communications VZ.N and AT&T

T.N have been working together on a breakup bid for Vodafone.

Vodafone, the world's second largest mobile operator, has been at the center of deal speculation in recent months, linked to its ownership of a 45 percent stake in U.S. mobile operator Verizon Wireless. ID:nL5N0CP0WI

** NORDIC AMERICAN TANKER LTD NAT.N , Monday close $11.02, down 12 pct premarket

The oil tanker operator said it is commencing a public offering of $87 million worth common shares and will use the proceeds to buy tankers and for general corporate purposes.


** SHOE CARNIVAL INC SCVL.O , Monday close $20.21, down 3 pct aftermarket

The footwear retailer forecast first-quarter results below Wall Street expectations as the cold and wet weather in March hurt sales of its higher margin spring sandal and athletic products.

The company said it expects earnings to be in the range of 36 cents to 44 cents per share and sales of between $226 and $232 million. Analysts on average were expecting earnings of 57 cents per share on revenue of $239.7 million, according to Thomson Reuters I/B/E/S. ID:nBw67nlxma

** ACTAVIS INC ACT.N , Monday close $92.46, up 3 pct after market

A U.S. court ruling that the patent protecting AstraZeneca's

AZN.L Pulmicort Repsules asthma treatment is invalid clears the way for a generic copy from Actavis.

Total branded and generic sales of Pulmicort Repsules were around $1.2 billion in the United States in the 12 months to January 2013, according to Actavis. ID:nL5N0CP0FL

** ASTEX PHARMACEUTICALS INC ASTX.O , Monday close $4.57, up 3 pct after market

JMP Securities initiated coverage on the company's stock with an "outperform" rating and a price target of $8, saying a ten-year marketing exclusivity in the European Union for Astex's blood disorder drug will benefit the company's current valuation.

** INVESTORS REAL ESTATE TRUST IRET.N , Monday close $9.71, down 4 pct aftermarket

The REIT, which owns and operates residential and commercial properties, said it has commenced an underwritten public offering of 8 million shares. The company intends to use the proceeds to repay debt and for general business purposes.


** CBS CBS.N , Monday close $45.74

** COMCAST CORP CMCSA.O , Monday close $41.38

** NEWS CORP NWSA.O , Monday close $30.34

U.S. regulators on Monday launched a review of policy governing the way it enforces broadcasts of nudity and profanity on radio and television and asked for public comment on whether its current approach should be amended.

The Federal Communications Commission issued a public notice inviting comment on whether it should focus its efforts on pursuing only the "most egregious" cases in which rules are broken, or focus on isolated cases of nudity and expletives uttered on radio and TV shows. ID:nL2N0CO1T5

** CITIGROUP INC C.N , Monday close $43.79

A Manhattan federal judge on Monday signaled he will not rubber-stamp Citigroup's proposed $590 million settlement of a shareholder lawsuit accusing it of hiding tens of billions of dollars of toxic mortgage assets.

U.S. District Judge Sidney Stein asked lawyers for the bank and its shareholders to address several issues at an April 8 fairness hearing, including requested legal fees and expenses of roughly $100 million, and the absence of payments by former Citigroup executives. ID:nL2E8JT8CA

(Compiled by Pallavi Ail in Bangalore,)

(( U.S. +1 646 223 8780, outside U.S. +91 80 4135 5800)(Reuters Messaging:


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