(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.
** BLACKBERRY LTD, Friday close $7.77, down 20 pct premarket
The company is abandoning a plan to sell itself and instead will replace its chief executive officer and raise about $1 billion from institutional investors, including its largest shareholder.
** 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.
** RYANAIR HOLDINGS PLC, Friday close $50.43, down 12.5 pct premarket
The airline’s annual profit is set to fall for the first time in five years as intense competition in Europe pushes average fares down by around 10 percent over the winter months, Europe’s largest airline by passenger numbers said.
** MORGANS HOTEL GROUP CO, Friday close $7.09, up 9 pct premarket
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.
** ANAREN INC, Friday close $24.91, up 11.4 pct premarket
The telecom components maker said it would be acquired by Veritas Capital Fund IV for about $381 million.
** KELLOGG CO, Friday close $62.29, up 1.5 pct premarket
The company reported a 3 percent rise in quarterly profit, helped by a fall in cereal-making costs, and said it would slash 7 percent of its workforce by 2017.
** SOLARCITY CORP, Friday close $54.75, up 4 pct premarket
The solar panel installer said its unit SolarCity LMC Series I LLC will offer solar assest-backed notes worth $54.4 million in a private placement.
** ZOGENIX INC, Friday close $2.92, down 9 pct premarket
The pharmaceutical company reported a larger-than-expected loss in the third quarter hurt by a fall in net product revenue.
The company also said it would offer $60 million shares, saying it intended to use part of the net proceeds to market its recently approved painkiller Zohydro.
** ACHILLION PHARMACEUTICALS INC, Friday close $2.53, up 5 pct premarket
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)
** 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.
** MERCURY SYSTEMS INC, Friday close $9.16, up 3.7 pct after market
George Soros' Soros Fund Management on Friday raised its stake to 5 percent in the company, which makes processing systems and software for commercial and defense industries, according to Insidermonkey.com. (link.reuters.com/dap44v)
** TIME WARNER CABLE INC, Friday close $123.51, up 1.4 pct premarket
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, Friday close $0.29, down 75.8 pct premarket
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]
** LINN ENERGY LLC LINE.O, Friday close 30.82, up 4.4 pct premarket
** BERRY PETROLEUM CO, Friday close $48.75, up 9.7 pct premarket
The U.S. oil and gas producer Linn Energy agreed to raise its purchase price for Berry Petroleum by $600 million to $4.9 billion, the companies said in a statement.
** EAGLE BULK SHIPPING INC, Friday close $6.08, up 5.3 pct premarket
** DRYSHIPS, Friday close $3.07, up 3.3 pct premarket
** FRONTLINE LTD, $2.29, up 8 pct premarket
** GENCO SHIPPING AND TRADING LTD, Friday close $2.36, up 1.7 pct premarket
** DIANA SHIPPING INC, Friday close $11.64, up 1.5 pct premarket
The Baltic Exchange’s main sea freight index, which gauges the cost of shipping commodities such as iron ore, grain, coal and fertilizer, rose for a third day on Monday and was up 1.7 percent at 1,552 points in early morning trade.
** AK STEEL HOLDING CORP, Friday close $4.60, up 8 pct premarket
** UNITED STATES STEEL CORP, Friday close $25.78, up 3.5 pct premarket
** STEEL DYNAMICS, Friday close $18.44, up 3 pct premarket
Analysts at Goldman Sachs raised their ratings on the three steel makers’ stocks to buy, according to theflyonthewall.com
** SUNPOWER CORP, Friday close $30.87, up 3 percent premarket
The solar panel market said it has acquired Greenbotics Inc, a company that offers panel cleaning products and services for large-scale solar power plants.
** MERCK & CO, Friday close $45.23, up 1.5 pct premarket
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.
** PORTLAND GENERAL ELECTRIC CO, Friday close $29.51, down 3 pct after market
The Oregon power company lowered its full-year profit forecast mainly due to costs related to the outage at its Coyote Springs natural gas-fired plant, which represents about 9 percent of the company’s total net generating capacity. It cut its profit forecast to $1.20-$1.30 per share from $1.25-$1.40.
Portland General said in September that the plant, located in Boardman, Oregon, had been out of service since August 24 due to equipment failures, and estimated repair costs of about $2 million. The plan is expected to be functional by mid-November.
** SUNTECH POWER, Friday close $1.32, up 2 pct premarket
China’s Shunfeng Photovoltaic International Ltd said late on Friday it had agreed to by the main unit of Suntech for $492 million. (Compiled by Natalie Grover; Editing by Don Sebastian)