MARKET PULSE-BlackBerry, Tri Pointe Homes, Morgans Hotel, Anaren
(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 Continued...