MARKET PULSE-Astrotech, XG Technology, Amsurg, Tilly's, Hillshire

Thu May 29, 2014 11:18am 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 rose at the open on Thursday on expectations of strong growth in the second quarter, even as data showed the world's largest economy contracted in the first quarter. The Dow Jones industrial average was up 0.10 percent at 16,648.99, the S&P 500 was up 0.23 percent at 1,914.12 and the Nasdaq Composite was up 16.10 points or 0.38 percent at 4,241.17.

** ASTROTECH, $4.19, +87.05 pct

The company, which provides global satellite processing services, said it would sell its space operations business to Lockheed Martin Corp for $61 million.

** ANDATEE CHINA MARINE FUEL SERVICES CORP, $2.06, +4.57 pct

The marine fuel oil producer said its unit, Dalian Xifa Petrochemical Co, bought Qingdao Grand New Energy Co Ltd for 476,800 yuan ($76,200)in cash.

Qingdao Frand, which essentially deals in production and sale of air-driven products, was founded in 2012. ($1 = 6.2556 Chinese Yuan)

** CLEAN ENERGY FUELS CORP, $11.025, +7.35 pct   Continued...