U.S. stock index futures pointed to slight gains at the open on Thursday, suggesting the market’s upward movement will continue, although trading was expected to be light following the Christmas holiday. The Dow Jones industrial average futures were up 0.38 percent at 16,365, S&P 500 futures were up 0.21 percent at 1,832.9 and Nasdaq 100 futures were up 0.17 percent at 3,575.75.
** T-MOBILE US INC, Tuesday close $32.19, +1.49 pct premarket
** SPRINT CORP, Tuesday close $9.66, +1.76 pct premarket
Japan’s SoftBank Corp is in talks to acquire U.S. wireless carrier T-Mobile US and is discussing funding for a deal with financial institutions, sources close to the matter said on Wednesday. SoftBank is looking to have its recently acquired U.S. unit Sprint take a majority stake in T-Mobile from the latter’s parent Deutsche Telekom AG in the financial year starting April, one of the sources added.
** BLACKBERRY LTD, Tuesday close $7.73, -1.94 pct premarket
The smartphone maker’s co-founder Mike Lazaridis cut his stake in the company on Tuesday to 4.99 percent from 8 percent, and said that a group, which included Lazaridis, walked away from exploring a bid for the troubled company.
** UNITED PARCEL SERVICES INC, Tuesday close $104.46, +0.08 pct premarket
** AMAZON INC, Tuesday close $399.2, +0.45 pct premarket
** FEDEX CORP, Tuesday close $142, +0.70 pct premarket
A high volume of holiday packages overwhelmed shipping and logistics company UPS, the company said on Wednesday, delaying the arrival of Christmas presents around the globe and sending angry consumers to social media to vent.
Amazon.com responded with an email to affected customers offering shipping refunds and $20 gift cards to compensate.
Shares of UPS’s rival Fedex were up.
** ORAMED PHARMACEUTICALS INC, Tuesday close $15, -17.93 pct premarket
The Israeli developer of oral drug delivery systems said on Wednesday that it had agreed to sell 1.58 million shares of its common stock at $10 per share in a registered direct offering. The offering price is at a discount of 33 percent to the stock’s close on Tuesday.
** EAGLE ROCK ENERGY PARTNERS, Tuesday close $6.35, +4.72 pct premarket
Shares of the company, which transports natural gas and associated liquids, rose for the third day after it said on Monday that it would sell pipeline assets in Texas Panhandle for $1.3 billion to Regency Energy Partners LP.
Analysts at Wells Fargo raised their rating on Eagle Rock’s stock on Tuesday to “outperform” from “market perform,” according to Theflyonthewall.com.
** TARGET CORP, Tuesday close $61.71, -0.26 pct premarket
The hackers who attacked the retailer and compromised up to 40 million credit cards and debit cards also managed to steal encrypted personal identification numbers (PINs), according to a senior payments executive familiar with the situation.
** BP PLC, Tuesday close $47.59, +0.02 pct premarket
The oil company has failed to persuade a federal judge to require businesses seeking to recover money over the 2010 Gulf of Mexico oil spill to provide proof that their economic losses were caused by the disaster.
** APPLE INC, Tuesday close $567.67, +0.09 pct premarket
China has approved a pilot scheme allowing private companies to piggy back on the country’s three dominant telecommunications providers to offer own-brand mobile services, opening the world’s largest mobile phone market to increased competition. China Mobile Ltd, which dominates the domestic market with over 760 million subscribers, recently reached an agreement to sell the Apple’s iPhones.
** AT&T INC, Tuesday close $34.95, +0.14 pct premarket
** AMERICA MOVIL, Tuesday close $23.08, -0.04 pct premarket
AT&T sold 250 million shares in Mexican telecoms giant America Movil for $282 million this month, according to a regulatory filing on Tuesday. Between Dec. 3 and Dec. 20, AT&T International, a unit of AT&T, sold some of its series “L” shares of America Movil.
** THE BLACKSTONE GROUP, Tuesday close $31.01, +0.58 pct premarket
Singapore’s sovereign wealth fund GIC was named as British Land’s new partner in London’s Broadgate office and retail complex on Tuesday, buying out U.S. private equity group Blackstone for around 1.7 billion pounds ($2.8 billion).
** VALE SA, Tuesday close $14.82, -0.34 pct premarket
The world’s No. 1 iron ore producer sold a 44.25 percent stake in purified phosphoric acid producer Fosbrasil SA to Israel Chemicals Ltd for $52 million, according to a securities filing published on Thursday.
** EXXON MOBIL CORP, Tuesday close $99.22, +0.27 pct premarket
Imperial Oil Ltd, 69.6-percent owned by Exxon Mobil, has upped its cost estimate for the Mackenzie Gas Project in Canada’s far north by about 40 percent because of rising prices for materials and labor, meaning the entire project would cost more than C$20 billion ($18.82 billion) if it goes ahead.
** HI-TECH PHARMACAL CO INC, Tuesday close $43.31
The company said it would pay the state of Texas $25 million as part of a settlement in connection with the investigation of Hi-Tech’s pricing of products bought with Texas Medicaid dollars.
** RANGE RESOURCES CORP, Tuesday close $83.43
The U.S. Environmental Protection Agency was criticized in an internal report for dropping charges that the company was polluting drinking water while “fracking” for natural gas.
** COMCAST CORP, Tuesday close $51.28
The company’s Universal Pictures movie studio has taken unspecified write-downs for its $175 million, Keanu Reeves film “47 Ronin”, the studio has acknowledged, as Hollywood neared the end of a year of big budget bombs.
** AMERICAN EXPRESS, Tuesday close $88.69
U.S. regulators fined the company on Tuesday over deceptive and misleading practices in selling credit card add-on products, and forced it to repay a total of $59.5 million to duped customers.
** TIME WARNER CABLE INC, Tuesday close $134.04
** VIACOM INC, Tuesday close $85.6
Time Warner Cable said on Tuesday that it had renewed its distribution agreement with Viacom Inc, whose channels include MTV, Comedy Central and Nickelodeon. (Compiled by Mridhula Raghavan in Bangalore; Edited by Kirti Pandey)