MARKET PULSE-Office Depot, Forest Oil, athenahealth, Tableau, Fabrinet

Tue May 6, 2014 8:47am EDT
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(For more market insights, including options activity, click on ; for the Day Ahead newsletter; for the Morning News Call newsletter, U.S. stock index futures were little changed on Tuesday as investors hesitated to push the market higher, with major indexes near record levels. Dow Jones industrial average futures were up 0.02 percent at 16,448, S&P 500 futures were down 0.08 percent at 1,874.3 and Nasdaq 100 futures were down 0.08 percent at 3,588.

** OFFICE DEPOT INC, Monday close $4.17, +9.35 pct premarket

** STAPLES INC, Monday close $12.55, +2.79 pct premarket

The company raised its forecast for full-year adjusted operating income and said it would close at least 400 stores in the United States over two years. The company also reported better-than-expected quarterly results due to cost-cutting.

** FOREST OIL CORP, Monday close $1.79, +40.22 pct premarket

Sabine Oil & Gas LLC said it would buy Forest Oil, which is valued at about $213 million, in an all-stock deal. Upon completion of the deal, Sabine unit holders will own about 73.5 percent of a new combined entity and Forest shareholders will own about 26.5 percent.