MARKET PULSE-JC Penney, BlackBerry, Sprint, Oramed, Hhgregg

Thu Dec 26, 2013 10:57am EST
 
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(For more market insights, including options activity, click on ; for the Day Ahead newsletter link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s)

U.S. stocks rose on Thursday, putting the Dow on track for a sixth straight day of gains, although trading was expected to be light following the Christmas holiday. The Dow Jones industrial average was up 0.34 percent at 16,412.9, the S&P 500 was up 0.25 percent at 1,837.91 and the Nasdaq Composite was up 0.21 percent at 4,164.278.

** T-MOBILE US INC, $32.41, +0.68 pct

** SPRINT CORP, $9.94, +2.90 pct

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, $7.57, -2.07 pct

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...