February 7, 2014 / 12:37 PM / 3 years ago

MARKET PULSE-Apple, LinkedIn, Google, Activision, Expedia, Outerwall

8 Min Read

(For more market insights, including options activity, click on ; for the Day Ahead newsletter link.reuters.com/mex49s) U.S. stock index futures rose on Friday. Dow Jones industrial average futures were up 0.20 percent at 15,580, S&P 500 futures were up 0.33 percent at 1,772.5 and Nasdaq 100 futures were up 0.58 percent at 3,507.5.

** LINKEDIN CORP, Thursday close $223.45, -5.97 pct premarket

The company delivered revenue forecasts that fell short of Wall Street's expectations, deflating hopes that the high-flying professional social network can sustain its growth streak.

** GOOGLE INC, Thursday close $1,159.96, +0.26 pct premarket

The internet search company will own a 5.94 percent stake in China's Lenovo Group Ltd worth $750 million once Lenovo's deal to buy Google's Motorola handset division closes, according to a disclosure on the Hong Kong stock exchange.

** APPLE INC, Thursday close $512.51, +1.90 pct premarket

The company has repurchased $14 billion of its stock in the two weeks since it reported disappointing first-quarter results, a company spokesman said. Apple bought $12 billion of shares via an accelerated share repurchase program and $2 billion of shares from the open market, the spokesman said.

** TWITTER, Thursday close $50.03, +1.54 pct premarket

The social media company, whose shares had soared more than 150 percent since their November debut on Wall Street, stunned investors this week with a one-two punch of bad news: near-flat user growth and a drop in engagement among its 241 million members. To assuage fears that the company's growth is plateauing, and to justify its rich valuation - still at $28 billion even after a 24 percent drop on Thursday - Chief Executive Dick Costolo must now convince investors that he can quickly make the right moves to broaden Twitter's appeal.

** ACTIVISION BLIZZARD INC, Thursday close $17.17, +9.78 pct premarket

The largest U.S. videogame publisher reported a better-than-expected fourth-quarter income due to strong sales of its "Call of Duty" titles during the holidays. The company believes its coming action game "Destiny" will become its next billion-dollar franchise, Chief Executive Officer Bobby Kotick said in a statement.

** ARIAD PHARMACEUTICALS INC Thursday close $7.17, +6.83 pct premarket

A large shareholder is seeking to get at least two board seats at the drugmaker, which is grappling with safety concerns involving its leukemia drug Iclusig, according to people familiar with the matter.

** EXPEDIA INC, Thursday close $65.14, +13.60 pct premarket

The online travel agency posted a higher-than-expected quarterly profit on Thursday, and it sold more hotel stays and airline tickets in the fourth quarter than the previous year.

** OUTERWALL INC, Thursday close $63.64, +8.42 pct premarket

The company raised its share buyback program by $500 million to about $650 million, and named a Warner Bros Home Entertainment executive to run its Redbox video-rental business. The company also reported a better-than-expected quarterly profit, helped by cost cuts.

** ROYAL DUTCH SHELL PLC, Thursday close $68.78, -0.12 pct premarket

Russia's Bashneft said its board approved a deal to buy oil from Royal Dutch Shell worth up to $1.4 billion before February 2016. Bashneft also said in a regulatory filing that it agreed to sell oil products worth up to $2.4 billion to oil trader Septo Trading, registered in the British Virgin Islands, before January 2015.

** STATOIL, Thursday close $23.94, +2.76 pct premarket

The Norwegian oil major abandoned its 2020 production target and slashed investment plans on Friday, joining rivals in reining in runaway spending and targeting returns over output.

** BHP BILLITON, Thursday close $64.87

The Anglo-Australian miner and Japanese trading house Mitsubishi Corp will cut around 230 jobs at a jointly-owned coal mine in Australia in a cost-cutting move as Asia's demand for the fuel wanes.

** HARMONY GOLD, Thursday close $2.65, +0.00 pct premarket

The miner stopped all its operations for a 24-hour safety shift after at least eight workers were killed in a rock-fall and fire, the worst accident in South Africa's mines in nearly five years.

** ABB LTD, Thursday close $25.1

The Swiss industrial conglomerate is seeking to divest several units whose sale could raise more than $1 billion in total proceeds, according to people familiar with the matter, joining a list of large companies looking to shed non-core businesses.

** SODASTREAM INTERNATIONAL LTD, Thursday close $38.35, +0.39 pct premarket

** GREEN MOUNTAIN COFFEE ROASTERS Thursday close $102.1, -0.10 pct premarket

** COCA-COLA, Thursday close $38.03

A surge in bets that shares of Green Mountain Coffee Roasters would rise sharply by the end of the week has raised suspicions, coming as it did just hours before news of a partnership deal with Coca-Cola.

Green Mountain said late on Wednesday that Coca-Cola bought a 10 percent stake for $1.25 billion and would help launch Green Mountain's new cold-drink machine, planned for release as soon as October.

Coca-Cola investment puts pressure on at-home soda leader SodaStream to bolster its position through a partnership or merger with the likes of a PepsiCo Inc or Dr Pepper Snapple Group Inc.

** NEWS CORP, Thursday close $16.02

The publisher of the Wall Street Journal reported a 4 percent decline in quarterly revenue due to weaker advertising at its newspapers, but cost cuts helped push profit well ahead of analysts' forecasts.

** CARLYLE GROUP LP, Thursday close $33.99

** ILLINOIS TOOL WORKS INC, Thursday close $78.12

Carlyle said it agreed to buy Illinois Tool Works' industrial packaging unit for $3.2 billion, the private equity firm's latest acquisition of a large unit being carved out of conglomerates.

** BAYTEX ENERGY CORP, Thursday close $37.62

The Canadian heavy oil producer has agreed to buy Aurora Oil & Gas Ltd for C$2.6 billion ($2.4 billion) including debt, targeting the Australian company's Texas shale oil assets.

** SANOFI, Thursday close $47.77

The French drugmaker's forecast for a return to profit growth after three years of decline failed to impress investors on Thursday.

** IBM CORP, Thursday close $174.67

The company is exploring the sale of its semiconductor business and has hired Goldman Sachs to find potential buyers, the Financial Times reported on Thursday, citing sources familiar with the matter.

** SHIRE, Thursday close $153.75, -0.72 pct premarket

The Britain-based pharmaceuticals group has halted development of its top-selling hyperactivity drug Vyvanse as a treatment for depression after it failed to treat patients successfully in two late-stage clinical trials.

** SUN LIFE FINANCIAL INC, Thursday close $33.31

Canada's third-largest life insurer launched an asset management business on Thursday to provide private asset class pooled funds for pension plans and other institutional investors looking to boost yield with alternative investments like real estate.

** LIONS GATE ENTERTAINMENT CORP, Thursday close $31.73

The film distributor reported a better-than-expected rise in quarterly earnings due to the success of "The Hunger Games: Catching Fire", "Escape Plan" and "Now You See Me".

** ATHENAHEALTH INC, Thursday close $139.08

The healthcare software company reported a better-than-expected adjusted quarterly profit as its network of physicians expanded by 28 percent.

** OPENTABLE INC, Thursday close $75.41

The online restaurant booking service provider forecast a weaker-than-expected profit for the current quarter as it hires more employees and increases investment on marketing.

** AUDIENCE INC, Thursday close $10.82

The company reported a 13 percent fall in quarterly revenue, hurt by weak sales of its audio chips to smartphone makers.

** TARGET CORP, Thursday close $55.86

The Target hackers managed to break into its payments network by first breaching a "data connection" between the U.S. retailer and its heating and ventilation systems contractor, a representative for the contractor said on Thursday. (Compiled by Natalie Grover in Bangalore; Editing by Kirti Pandey)

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