MARKET PULSE-Eagle Rock, BlackBerry, Sprint, Oramed Pharma, Fedex
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. Continued...