U.S. stock index futures rose modestly on Wednesday, indicatingthe S&P 500 may rebound from its worst drop since August, onexpectations Janet Yellen will be tapped as the next chairman ofthe U.S. Federal Reserve. S&P 500 futures were up 3.9points, Dow Jones industrial average futures 24 pointsand Nasdaq 100 futures 6.25 points.
** APPLE INC, Tuesday close $480.94, up 1 pctpremarket
Apple intends to introduce its latest line-up of iPads onOct. 22, tech blog AllThingsD cited sources familiar with thecompany's plans as saying, meaning Apple would be updating itstablets in time for holiday shopping.
** ARIAD PHARMACEUTICALS INC, Tuesday close $17.14,down 63 pct premarket
Ariad Pharmaceuticals said the U.S. Food and DrugAdministration had placed a partial hold on patient enrollmentfor trials of its cancer drug Iclusig after a number of patientstaking the drug experienced blood clots and heart damage.
** JOS. A. BANK CLOTHIERS INC, Tuesday close$41.66, up 14 pct premarket
** MEN'S WEARHOUSE INC, Tuesday close $35.24, up 33pct premarket
Jos. A. Bank has proposed to buy bigger rival Men'sWearhouse for about $2.3 billion to create a men's apparelheavyweight with more than 1,700 stores.
** YUM BRANDS INC, Tuesday close $71.30, down 7 pctpremarket
The KFC parent on Tuesday warned that it will take longerthan expected for its China restaurant sales to rebound,delaying a recovery in the market that accounts for more thanhalf of the company's overall operating profit.
** CYTRX CORP, $2.74, down 17 pct premarket
The drug developer said it will offer 10 million of itscommon stock at $2.25 per share, to raise gross proceeds of$22.5 million.
The Los Angeles-based company intends to use net proceedsfrom the public offering to fund the clinical development of itsexperimental cancer drug, aldoxorubicin, and for generalcorporate purposes.
** CALLIDUS SOFTWARE INC, Tuesday close $8.60, up12 pct premarket
The HR management software maker lifted its revenue forecastfor 2013 on Tuesday, prompting at least three brokerages toraise their price targets on the company's stock.
The company said it expects revenue to be between $108.5million and $109.5 million, compared with its previous forecastof $106.0 to $109.0 million.
The company, which expects revenue in the third quarter tocome in above its previous forecast, said it closed twoseven-figure annual license deals in the quarter.
** SUNTECH POWER HOLDINGS CO LTD, Tuesday close$1.70, up 11 pct premarket
Hong Kong-listed Chinese solar panel maker ShunfengPhotovoltaic International Ltd has submitted a bid fora stake in the main unit of rival Suntech, which is strugglingunder a mountain of debt.
** K12 INC, Tuesday close $28.59, down 24 pctpremarket
Two brokerages cut their ratings on the online educationservices provider's stock, according to Theflyonthewall.com.
Baird cut its rating to "neutral" from "outperform", whileBMO cut to "market perform" from "outperform".
** J C PENNEY CO INC, Tuesday close $7.77, up 2 pctpremarket
The struggling retailer said on Wednesday that Stephen Sadovewill join its board of directors once he leaves the helm ofdepartment store chain Saks Inc.
** VIVUS INC, Tuesday close $10.13, up 4 pctpremarket
The drugmaker, citing results of a study, said high-riskoverweight patients with prediabetes and/or metabolic syndromewho were taking Vivus's weight-loss medicine Qsymia over twoyears experienced reductions of up to 78.7 percent in theirannualized incidence rate of type 2 diabetes, in addition tolosing weight.
** FAMILY DOLLAR, Tuesday close $69.45, down 3 pctpremarket
Family Dollar posted a higher quarterly profit on Wednesday,as it worked on keeping its costs down while shoppers' focus oneveryday purchases such as food pressured sales, and said it hasa cautious approach to 2014.
** WAL-MART STORES INC, Tuesday close $72.90
Wal-Mart and Bharti Enterprises are breaking up their Indianjoint venture, leaving the world's biggest retailer to go italone in a country where it has struggled to build a biggerpresence.
** FORD MOTOR CO, Tuesday close $16.50
Ford is poised to overtake its Japanese rivals on the topseller's list in China as Toyota Motor Corp and HondaMotor Co struggle to regain market share following aflare-up in anti-Japanese sentiment a year ago.
** BERKSHIRE HATHAWAY INC, Tuesday close $
** GOLDMAN SACHS GROUP INC, Tuesday close
Warren Buffett's Berkshire Hathaway disclosed a 2.8 percentpassive stake in Goldman Sachs as it converted warrants acquiredduring the financial crisis.
** ALCATEL-LUCENT, Tuesday close $3.49, up 1 pctpremarket
The French government warned telecoms equipment makerAlcatel-Lucent on Wednesday it could block any restructuringplans for France unless it negotiates with unions to save asmany local jobs as possible.
** TWENTY-FIRST CENTURY FOX INC, Tuesday close$32.44
Proxy advisory group ISS has urged Twenty-First Century Foxshareholders to vote against the reelection of Chairman RupertMurdoch and some other board members at an annual shareholdersmeeting this month, criticizing the company's adoption of apoison pill.
** ALPHATEC HOLDINGS INC, Tuesday close $1.93, up11 pct after market
The medical devices maker on Tuesday said it expects toreport third-quarter revenue ahead of analysts' estimates,citing strong growth in all its markets.
Jefferies & Co analysts said they continue to rate the stock"buy" as the company makes progress in stabilizing the businessand delivering more consistent financial results against a verylow valuation.
** GLADSTONE INVESTMENT CORP, Tuesday close $6.80,up 2 pct after market
The investment company increased its common stock monthlycash distributions by 20 percent for the quarter ended Sept. 30.
** HIMAX TECHNOLOGIES INC, Tuesday close $10.08, up3 pct after market
CNBC's Jim Cramer, who hosts "Mad Money", said on Tuesdaythe Taiwanese chipmaker's stock was giving investors somethingto get excited about in a troubled market, The Street said. ()
Cramer said the company has $1 per share in cash and alsopays a 2.5 percent dividend, which will afford it someprotection as the markets continue to fall, the report said.
Cramer had last week said the stock was a buy.
** TEVA PHARMACEUTICALS, $Tuesday close $38.78, up1 pct premarket
Teva does not expect to see the launch of genericcopies of GlaxoSmithKline's best-selling lung drugAdvair that could be sold as a true substitute to U.S. patientsbefore 2018.
** PFIZER INC, Tuesday close $28.24
Nearly three years after a cost-cutting drive that stunnedmany in the drugs industry, Pfizer's head of research MikaelDolsten says his scientists are delivering more for less.
** MEDTRONIC INC, Tuesday close $52.46
A federal advisory panel recommended that Medtronic IncMDT.N be allowed to sell a line of implantable heart rhythmdevices to a larger pool of patients, based on research showingthe products lowered the risk of death and hospitalization.
** BOEING CO, Tuesday close $115.44
Stung by the loss of a multi-billion dollar jet order fromJapan Airlines to arch-rival Airbus, Boeingwill mount an all-out defence of its position with Japan's othermajor airline, ANA, a source close to the U.S. planemaker said.
** JPMORGAN CHASE & CO, Tuesday close $50.87
JP Morgan is looking to cut back on lending to businesses itsees as posing risks to its reputation amid a period ofheightened regulatory scrutiny, the Wall Street Journalreported, citing people close to the situation.
** ON SEMICONDUCTOR CORP, Tuesday close $6.99
The maker of power-management chips said it would cut up to870 jobs at its Sanyo Semiconductor unit as it looks to reducecosts.
** DYAX CORP, Tuesday close $6.65, down 4 pct aftermarket
The drugmaker said it would sell shares of its common stockin an underwritten public offering. The company did not say howmany shares it would sell or their pricing.
** ALCOA INC, Tuesday close $7.94, up 2.5 pctpremarket
The aluminum producer reported better-than-expected earningson Tuesday as strength at the unit that sells auto parts andother complex items helped offset lower metal prices.
** COSTCO WHOLESALE CORP, Tuesday close $112.21,down 2 pct premarket
Costco posted a weaker-than-expected 1.3 percent rise inquarterly profit as operating costs rose.
** PACIFIC SUNWEAR OF CALIFORNIA INC, Tuesday close$3.00, down 2 pct after market
Piper Jaffray & Co on Tuesday downgraded its rating on theretailer's stock to "neutral" from "overweight," according toStreetinsider.com.
** WI-LAN INC, Tuesday close $3.37
** BLACKBERRY LTD, Tuesday close $7.98
Patent licensing company Wi-Lan said it andBlackBerry struck a deal to dismiss all pending patentlitigation between the companies.
** RITE AID CORP, Tuesday close $5.00
Canadian pharmacy chain Jean Coutu Group Inc's quarterly profit rose more than four-fold due to a C$158.3million ($153 million) gain from the sale of its investment indrugstore chain Rite Aid.
** HEALTH NET INC, Tuesday close $32.27
Managed care company Health Net said payments for healthcareservices it provides to military families would be delayed dueto the U.S. government shutdown.
** RPM INTERNATIONAL INC, Tuesday close $35.72
The chemical company reported a bigger-than-expectedfirst-quarter profit, helped by higher revenue from its consumerbusiness.
** CELGENE CORP,$148.53, up 1 pct premarket
RBC Capital Markets analysts raised their target price onthe stock to $170 from $150, saying the company's increasinglydiversified growth trajectory looks positive with the imminentlaunch of three 'near-blockbuster' drugs - Pomalidomide forrelapsed refractory myeloma, a type of bone marrow cancer;pancreatic cancer drug, Abraxane, and Apremilast for thetreatment of a variety of autoimmune disorders.
- Investment & Company Information