(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 edged lower on Tuesday. Dow Jones industrial average futures were down 0.19 percent at 16,156, S&P 500 futures were down 0.24 percent at 1,841.5 and Nasdaq 100 futures were down 0.18 percent at 3,681.25.
** LINKEDIN CORP, Monday close $199.59, +1.61 pct premarket
The professional social networking website launched a Chinese language version of its website on Monday, a move that could jumpstart its expansion into the world’s largest Internet market by users even as the company acknowledged it will have to police what some of them say on its website.
** BLACKBERRY LTD, Monday close $9.83, +3.56 pct premarket
The handset maker unveiled a cheaper smartphone as it tries to stem losses in emerging economies where customers are gravitating toward devices powered by Google’s Android operating system.
BlackBerry also plans to launch a new tool for business and government customers to manage mobile devices on their networks, part of a drive by the smartphone pioneer to focus on its profitable enterprise or services business.
** SOLARCITY CORP, Monday close $78.55, -1.08 pct premarket
The largest residential solar installer in the United States said on Monday it expected to install fewer panels in a seasonally weak first quarter due to cold weather.
** XOMA CORP, Monday close $8.85, +7.12 pct premarket
The company’s experimental drug for treating a type of painful skin ulcers was granted an orphan drug status by the U.S. Food & Drug Administration, ensuring the drug marketing exclusivity of seven years in the United States. The designation is granted by the FDA to drugs or biologics that treat a condition affecting less than 200,000 Americans.
** BIOCRYST PHARMACEUTICALS INC, Monday close $11.61, +3.45 pct premarket
The company said the U.S. Food and Drug Administration accepted the marketing application for its influenza drug. The FDA is expected to announce its decision on the drug by Dec. 23.
** TOLL BROTHERS INC, Monday close $38.34, +0.10 pct premarket
The largest luxury U.S. homebuilder reported a more than 10-fold jump in quarterly profit as the U.S. housing market recovers. Revenue soared 52 percent to $643.7 million in the first quarter ended Jan. 31.
** OFFICE DEPOT INC, Monday close $5.35, -12.15 pct premarket
The office supply retailer reported a net loss for the fourth quarter due to charges associated with its acquisition of rival OfficeMax Inc. The company, which appointed turnaround expert Roland Smith as chief executive in November, reported a net loss of $144 million, or 34 cents per share, for the quarter ended Dec. 28.
** WESTERN UNION CO, Monday close $16.35, -2.08 pct premarket
The money-transfer company is being probed by the Federal Trade Commission and a U.S. district court over fraud-induced money transfers, the company said in a regulatory filing on Monday.
** SEADRILL LTD, Monday close $37.68, -6.45 pct premarket
The world’s biggest offshore driller by market capitalisation, reported fourth-quarter operating earnings broadly in line with forecasts and warned of a slowdown in the drilling market.
** MINERALS TECHNOLOGIES INC, Monday close $52.57
** AMCOL INTERNATIONAL CORP, Monday close $45.48
Mineral Technologies on Monday raised its offer to buy Amcol International to about $1.38 billion. The offer of $42.50 per share represents a 7 percent discount to Amcol’s Monday close. Minerals Technologies had offered to buy Amcol for $42 per share on Feb. 14, topping an offer of $41 per share from France’s Imerys.
** INTEROIL CORP, Monday close $56.96, +1.8 pct after market
Oil Search Ltd said it was close to sealing a significant acquisition, sparking speculation it had reached a deal to buy into rival InterOil’s gas fields in Papua New Guinea. Oil Search, Papua New Guinea’s biggest oil firm, had said it was in talks to buy into the Elk and Antelope fields, which French oil giant Total SA acquired a stake in last December.
SUNTRUST BANKS INC, Monday close $37.59
The bank said it may attract “substantial penalties” from on an ongoing mortgage-related probe and also disclosed a new investigation by the Department of Justice, according to a regulatory filing late Monday.
** REALPAGE INC, Monday close $20.72, -22 pct after rmarket
The software maker reported a lower fourth-quarter profit on Monday, hurt by higher operating costs, prompting at least two brokerages to cut their price targets on the company’s stock.
** TARGET CORP, Monday close $56.14
Several analysts expect the retailer to slash its share buybacks as the third-largest U.S. retailer copes with costs tied to the massive data breach that affected millions of customers. Target had originally planned to buy back up to $4 billion of shares this year, but analysts do not expect it to achieve that goal as it sets aside money to deal with the data breach and try not to borrow more so it can maintain its credit rating.
** MICROSOFT CORP, Monday close $37.69
Julie Larson-Green, one of Microsoft’s most senior women executives and a leading force behind the latest design of Windows, is moving to a new job in charge of harmonizing the look and usability of Microsoft’s wide range of software.
France’s Orange said on Tuesday it was in talks with Microsoft over a possible tie-up with its video-sharing website Dailymotion, nearly a year after discussions with Yahoo collapsed following state opposition.
** COSAN SA, Monday close $12.15
The Brazilian sugar and ethanol firm proposed on Monday to take over America Latina Logistica SA ALLL3.SA in a $4.7 billion deal that would form Latin America’s largest railway and logistics company.
** TENET HEALTHCARE CORP, Monday close $48.33, -3.7 pct after market
The healthcare company on Monday posted a fourth-quarter net loss on Monday due to costs primarily for financing its acquisition of smaller hospital chain Vanguard Health Systems.
** EOG RESOURCES INC, Monday close $180.4, +1.44 pct premarket
The company reported a better-than-expected fourth-quarter profit on Monday as the U.S. oil and natural gas company pumped more crude oil from fields such as the Eagle Ford in Texas.
** SINA CORP, Monday close $76.08, -1.80 pct premarket
The company’s revenue soared 43 percent in the fourth quarter as its Weibo messaging service more than doubled advertising sales despite strong competition from Tencent Holdings Ltd’s WeChat. Sina Weibo has hired investment banks for a $500 million U.S. IPO later this year, a source told Reuters on Monday.
** XPO LOGISTICS INC, Monday close $27.69
The company’s quarterly revenue more than doubled as it placed more freight with other carriers and shipped a higher number of quick delivery packages.
** T-MOBILE US INC, Monday close $32.31, +0.28 pct premarket
The No.4 U.S. mobile services company reported a bigger quarterly net loss, hurt by higher spending on promotions. The company’s net loss widened to $20 million, or 3 cents per share, in the quarter ended Dec. 31 from $8 million, or 1 cent per share, a year earlier.
** PERRY ELLIS INTERNATIONAL INC, Monday close $15.68, -20.5 pct after market
The clothing retailer said on Monday it expects a fall in quarterly revenue, hurt by severe cold conditions and weak consumer spending across its distribution channels, and forecast lower-than-expected 2015 revenue. (Compiled by Shailaja Sharma in Bangalore; Edited by Don Sebastian)