MARKET PULSE-Bank of America, General Motors, Hanwha Solar, Aeropostale
(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. stock index futures were slightly higher on Wednesday. Dow Jones industrial average futures were up 0.21 percent at 16,333, S&P 500 futures were up 0.22 percent at 1,837 and Nasdaq 100 futures were up 0.35 percent at 3,586.25.
** BANK OF AMERICA CORP, Tuesday close $16.77, +2.33 pct premarket
The second-largest U.S. bank reported an eight-fold jump in fourth-quarter profit, driven by a steep fall in the bank's provisions to cover bad loans.
** GENERAL MOTORS CO, Tuesday close $40.02, +0.85 pct premarket
The No. 1 U.S. automaker will pay the first quarterly dividend on its common stock in almost six years, marking another step in the U.S. auto maker's recovery from its bankruptcy in 2009 and sending shares up 3.2 percent in after-hours trading.
** HANWHA SOLARONE CO LTD, Tuesday close $3.14, +6.69 pct premarket
The solar panel maker said it plans to set up a venture with Shanghai HuiTianRan Investment Holding Group to develop solar power plants in China. HuiTianRan will use panels manufactured by Hanwha SolarOne in its 700 megawatts (MW) of projects or select Hanwha SolarOne to provide engineering, procurement and construction services for these projects, Hanwha SolarOne said in a statement. Continued...