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