(For more market insights, including options activity, click on ; for the Day Ahead newsletter, link.reuters.com/mex49s; for the Morning Call newsletter , click link.reuters.com/sum45t) U.S. stock index futures advanced on Monday, indicating the S&P 500 will continue to rise after four straight weeks of gains that have left the index at its latest record high. S&P 500 futures rose 4 points, Dow Jones industrial average futures gained 35 points and Nasdaq 100 futures added 12.75 points.
** TRI POINTE HOMES INC, Friday close $15.38, up 4 pct premarket
Weyerhaeuser Co is selling its homebuilding division to the company in a $2.7 billion deal that will leave Weyerhaeuser shareholders in control of one of the 10 largest homebuilders in the United States.
** CANADIAN SOLAR INC, Friday close $25.56, up 5.6 pct premarket
The Chinese solar panel maker said it expects to report a net profit for the third quarter due to strength in its power plants business. The company, which has reported a loss for eight consecutive quarters, expects to ship 460-480 megawatt (MW) in the third quarter, higher than its prior forecast of 410-430 MW. The company also raised its gross margin outlook to 18-20 percent from 10-12 percent.
** MORGANS HOTEL GROUP CO, Friday close $7.09, up 11.4 pct after market
The owner of hotels such as Sanderson, Morgans and Shore Club said late on Friday it had received an unsolicited proposal from The Yucaipa Companies LLC to acquire the company for $8 per share.
** ACHILLION PHARMACEUTICALS INC, Friday close $2.53, up 4 pct after market
The company's largest shareholder, private equity firm RA Capital Management LLC, increased its stake to 16.4 percent as of Oct. 31, according to a regulatory filing. RA Capital previously held 14.96 percent, according to Thomson Reuters data. (link.reuters.com/nen44v)
** BLACKBERRY LTD, Friday close $7.76, up 3.6 pct premarket
The smartphone maker’s largest shareholder, Fairfax Financial Holdings Ltd, has until Monday to submit a definitive bid for the struggling company. Fairfax, which has a 10 percent stake in BlackBerry, reached a tentative $9 per-share deal with the company in late September.
** NOKIA CORP ADR, Friday close $7.62, up 2 pct premarket
The Finland-based phone maker said Samsung Electronics has extended a phone patent licence agreement between the two companies for five years.
** TIME WARNER CABLE INC, Friday close $123.51
Charter Communications Inc is weighing a bid for Time Warner Cable Inc before year-end and is trying to devise a deal structure that would lure the No. 2 U.S. cable operator’s shareholders, people familiar with the matter said. The company, which earlier this week indicated that it was open to a deal at the right price, has a market value of more than $34 billion, compared with Charter’s market value of about $13 billion.
** VELTI PLC, $0.29 Friday close
The Irish company said it would sell its mobile marketing business in the United States, the UK and India to Blackstone Group LP, and that it filed for bankruptcy under Chapter 11 for its remaining U.S. operations. [ID: nL3N0IP1VV]
** MERCK & CO, Friday close $45.23, up 0.8 pct after market
A combination of two oral hepatitis C treatments developed by Merck & Co MRK.N led to high cure rates in previously untreated patients, indicating the company is a contender in the race to find new treatments for the liver destroying virus.
** ANADARKO PETROLEUM CORP, Friday close $94.39
The company is considering the sale of its holdings in oil and gas projects in China in a deal that could be valued at about $1 billion, sources familiar with the matter said, as it eyes ploughing money back into the U.S. market.
** BERKSHIRE HATHAWAY INC, Friday close $115.27
Warren Buffett’s company posted a 29 percent jump in third-quarter profit as it recorded big gains on investments made during the financial crisis, but operating results missed forecasts amid weakness in insurance operations.
** DAQO NEW ENERGY CORP, Friday close $31.37, up 0.4 pct premarket
The Chinese polysilicon manufacturer said it expects to ship 1,200-1,275 metric tons (MT) of polysilicon in the third quarter, higher than its prior forecast of 1,000 MT. However, the company cut its wafer shipment to 7.4 million-7.5 million pieces from 8.9 million pieces, citing shipment delays.
The company also said it expects to ship 6.5-6.6 MT of multi-crystal silicon ingots blocks, lower than its earlier outlook of 6.8 MT. (Compiled by Natalie Grover; Editing by Don Sebastian)