MARKET PULSE-Intercept Pharma, Bed Bath & Beyond, Macy's, YRC Worldwide
U.S. stocks rose at the open on Thursday in the wake of upbeat labor market data and as Macy's lifted the bar further for retailers after a stellar holiday season. Dow Jones industrial average futures were down 0.13 percent at 16,385, S&P 500 futures were down 0.02 percent at 1,832.2 and Nasdaq 100 futures were down 0.27 percent at 3,555.
** INTERCEPT PHARMACEUTICALS INC, $258.75, +257.44 pct
The company said an analysis by an independent safety committee showed that its liver disease drug met the main goal of a mid-stage trial.
** YRC WORLDWIDE INC, $15.1899, -18.60 pct
The deadline for a union members' vote to extend the employment of about 26,000 workers at the trucker expired on Wednesday. The counting of ballots is scheduled to begin on Thursday morning, with results expected by the end of day, according to the International Brotherhood of Teamsters' website. (r.reuters.com/ban85v)
The Teamsters' vote is key to YRC Worldwide's plan to refinance debt. The Overland Park, Kansas-based company has to start repaying debt of more than $1 billion from February. Continued...