MARKET PULSE-Pfizer, Peabody, Pinnacle Foods, Allergan, Tesaro, Gogo

Mon May 12, 2014 8:42am EDT
 
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(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 slightly on Monday. Dow Jones industrial average futures were up 0.31 percent at 16,578, S&P 500 futures were up 0.37 percent at 1,880.3 and Nasdaq 100 futures were up 0.52 percent at 3,566.5.

** PFIZER INC, Friday close $29.03, +0.59 pct premarket

The company defended the business case behind its plan to acquire AstraZeneca on Monday and questioned the UK drugmaker's ability to stand alone for much longer as the New York-based group's CEO prepared for a grilling from British lawmakers.

** APPLE INC, Friday close $585.5425, +0.16 pct premarket

The iPhone maker has cut in half the time it takes to give refunds to online store customers who want to return their iPhones and other gadgets, a small but crucial step to try to get more people to buy direct from its website.

The company's plan to pay $3.2 billion for Beats Electronics, which makes headphones and has an up-and-coming streaming music service, may herald a bolder use of its swelling cash pile and galvanize Apple's move into wearables.   Continued...