MARKET PULSE-New York Times, Criteo, Enzymotec, ServisFirst, JGWPT

Wed May 14, 2014 3:12pm 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. stocks edged lower on Wednesday, with the Dow and S&P 500 both coming off their record closing highs, though losses were concentrated in small-cap names. The Dow Jones industrial average was down 0.61 percent at 16,613.94, and the S&P 500 was down 0.50 percent at 1,888.03.

** THE NEW YORK TIMES CO, $15.07, -4.44 pct

The company said Dean Baquet will become executive editor of its flagship newspaper, effective immediately, succeeding Jill Abramson. Baquet has been managing editor of The New York Times since 2011.

** CRITEO SA, $33.72, +14.23 pct

Brokerage SocGen cut its price target on the digital advertising company's stock to $39 from $46, while maintaining its "buy" rating. The company last week reported a quarterly profit that missed analysts' average estimate as operating expenses rose sharply.

** SEARS HOLDINGS CORP, $41.795, -3.32 pct   Continued...