MARKET PULSE-YRC Worldwide, Intercept, Chelsea, Target, Bazaarvoice

Fri Jan 10, 2014 9:26am EST
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(For more market insights, including options activity, click on ; for the Day Ahead newsletter; for the Morning News Call newsletter, U.S. stock index futures trimmed gains on Friday after the December nonfarm payroll report came in sharply below expectations. Dow Jones industrial average futures were up 0.13 percent at 16,413, S&P 500 futures were up 0.19 percent at 1,836.5 and Nasdaq 100 futures were up 0.25 percent at 3,556.5.

** YRC WORLDWIDE INC, Thursday close $15.67, -18.95 pct premarket

Workers at the trucking company represented by the Teamsters union rejected a contract extension that the company proposed, putting a plan to restructure its debt in jeopardy.

** INTERCEPT PHARMACEUTICALS INC Thursday close $275.87, +31.94 pct premarket

** CONATUS PHARMACEUTICALS INC Thursday close $9.8, +28.88 pct premarket

Intercept's shares nearly quadrupled to a life high of $305 on Thursday after the company's drug to treat liver disease caused by fat buildup was found effective in a trial, paving the way for it to become the first approved treatment for the chronic condition.

At least three brokerages - Citigroup, Needham and Oppenheimer - raised their price targets on the stock on Friday. Shares of biotechnology company Conatus, which is focused on the treatment of liver disease, also jumped on the news.   Continued...