MARKET PULSE-Corning, Pozen, Youku, Newmont, Barrick Gold, Forest Labs
(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 rose on Monday rebounding from sharp losses on Friday, boosted by merger and acquisition activity in the pharmaceuticals sector. Dow Jones industrial average futures were up 0.25 percent at 16,364, S&P 500 futures were up 0.17 percent at 1,863.3 and Nasdaq 100 futures were up 0.15 percent at 3,535.75.
** CORNING INC, Friday close $20.74, +2.70 pct premarket
The specialty glass maker best known for its Gorilla glass used in smartphones and tablets said it expected LCD glass price declines to be "significantly less" in the current quarter compared with the first quarter.
** FOREST LABORATORIES INC, Friday close $89.84, +2.26 pct premarket
** FURIEX PHARMACEUTICALS INC, Friday close $80.15, +29.83 pct premarket
Forest Laboratories said it would buy Furiex Pharmaceuticals for up to $1.46 billion including milestone payments to access Furiex's promising treatment for irritable bowel syndrome.