MARKET PULSE-Jos A Bank, Mattel, PepsiCo, Sotheby's, Endologix
U.S. stock index futures were little changed on Friday. Dow Jones industrial average futures were down 0.04 percent at 16,266, S&P 500 futures were down 0.13 percent at 1,851.5 and Nasdaq 100 futures were down 0.09 percent at 3,698.
** JOS. A. BANK CLOTHIERS INC, Thursday close $60.3, +2.99 pct after market
** MEN'S WEARHOUSE INC, Thursday close $50.42, +2.92 pct premarket
Jos. A. Bank rejected Men's Wearhouse Inc's revised takeover offer calling it inadequate, but said it was willing to talk with its larger rival about a higher bid.
** MECHEL OAO, Thursday close $1.88, -22.87 pct premarket
Shares of the indebted Russian coal miner and steelmaker collapsed by more than a third in Moscow on Friday. Mechel, which invested heavily in expansion before the 2008 financial crisis forced it to borrow heavily to support itself, blamed the slump on speculation, saying the company's financial position was stable. Two traders and two analysts said the move was probably caused by a so-called margin call, in which a bank sells shares held as security against loans. The low liquidity of Mechel's shares in Moscow exaggerated the move, they added.
** MERCADOLIBRE INC, Thursday close $94.23, +13.19 pct premarket Continued...