June 5, 2014 / 1:08 PM / 3 years ago

MARKET PULSE-Sprint, Joy Global, Halozyme, RCS Capital, Amazon.com

6 Min Read

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June 5 (Reuters) - U.S. stock index e-mini futures were slightly higher on Thursday as investors awaited what is expected to be a significant easing move from the European Central Bank: Dow Jones industrial average futures were up 0.15 percent at 16,743, S&P 500 futures were up 0.05 percent at 1,926.75 and Nasdaq 100 futures were up 0.05 percent at 3,745.25.

** SPRINT CORP, Wednesday close $9.4, +2.34 pct premarket

** T-MOBILE US INC, Wednesday close $34.28

Sprint Corp has agreed to pay about $40 per share to buy T-Mobile US, a person familiar with the matter told Reuters on Wednesday, signalling progress in a long-contemplated deal to merge the third- and fourth-largest U.S. wireless carriers.

** AT&T INC, Wednesday close $35.05

** DIRECTV, Wednesday close $82.55

The U.S. House of Representatives Judiciary Committee will hold a hearing on June 24 to discuss AT&T's proposed deal to buy DirecTV, the panel said on Wednesday.

** TWITTER INC, Wednesday close $32.9

The microblogging platform has been in talks with Berlin-based audio sharing website SoundCloud in its efforts to add a music service to its offering, the Financial Times reported citing people familiar with the matter.

** NETFLIX INC, Wednesday close $423.21

** VERIZON INC, Wednesday close $49.15

Netflix is telling customers that Verizon and other Internet providers are to blame for slow speeds as the video streaming service pushes to avoid paying for faster delivery of its movies and TV shows.

** GENERAL MOTORS CO, Wednesday close $36.52

An internal probe of General Motors delay in recalling cars with defective ignition switches linked to at least 13 deaths is expected to conclude there was no concerted coverup and clear senior management of blame, the Wall Street Journal reported, citing people familiar with the matter.

** FORD MOTOR CO, Wednesday close $16.79

Ford Motor said it expected to incur a "significant" loss in South America in the current quarter mainly due to low sales volumes and changes to Venezuela's foreign exchange rate.

** QUALCOMM INC, Wednesday close $79.92

Qualcomm plans to sell its first smartphone chips tailored to China this year, as the U.S. maker of chips for high-end phones adapts to a market where growth is increasingly driven by low-priced handsets.

** AMAZON.COM INC, Wednesday close $306.78, +0.07 pct premarket

Amazon.com revived speculation about its next major product on Wednesday, using a mysterious YouTube video and website post to tease a June 18 "launch event" in Seattle to be hosted by CEO Jeff Bezos.

** COSTCO WHOLESALE CORP, Wednesday close $116.31

The warehouse club operator posted a better-than-expected 6 percent rise in May same-store sales, helped by higher fuel prices.

** JOY GLOBAL INC, Wednesday close $57.85

The mining equipment maker reported a 59 percent drop in quarterly profit as miners cut spending on underground mining equipment in the face of weak coal prices.

** JUST ENERGY GROUP INC, Wednesday close $5.63, +1.95 pct premarket

Natural gas and electricity retailer Just Energy said it would sell its water heater and heating ventilation and air conditioning home services business to Reliance Comfort Ltd Partnership for $505 million.

** MEDTRONIC INC, Wednesday close $63.22, -0.03 pct premarket

The medical device maker is looking at a takeover of London-based Smith & Nephew Plc, a move that could help lower its taxes by moving its base overseas, Bloomberg reported on Wednesday.

** BP PLC, Wednesday close $50.07

** Anadarko Petroleum Corp, Wednesday close $102.04

A U.S. appeals court on Wednesday said BP and Anadarko Petroleum must face penalties under federal pollution laws in connection with the 2010 Gulf of Mexico oil spill, which could expose the companies to billions of dollars in potential fines. The 5th U.S. Circuit Court of Appeals affirmed a 2012 decision from U.S. District Judge Carl Barbier in New Orleans that the companies could be held liable for civil penalties under the Clean Water Act.

** VERINT SYSTEMS INC, Wednesday close $46.59, up 7 percent after market

The data analytics software provider reported first-quarter adjusted profit and revenue above estimates, helped by growth in its communications and cyber intelligence unit. The company raised its profit forecast to $3.30-$3.50 per share from $3.20-$3.40 per share for the full year. The company also increased its revenue expectation to $1.11 billion-$1.16 billion from $1.08 billion-$1.13 billion.

At least three brokerages raised their price targets on the stock.

** HALOZYME THERAPEUTICS, Wednesday close $8.08, +13.86 pct premarket

The biotechnology company said on Wednesday that the U.S. Food and Drug Administration lifted a hold on a trial testing an advanced version of its flagship technology in pancreatic cancer patients.

The trial was testing a more potent form of Halozyme's existing technology to deliver chemotherapy drugs intravenously and to prolong the effectiveness of its synthetic enzyme, Hylenex, in the blood stream.

** RCS CAPITAL CORP, Wednesday close $22.6, -6.19 pct premarket

The broker-dealer holding company on Thursday priced a public offering of 24 million shares at $20.25 per share, a 10.4 percent discount to the stock's Wednesday's closing price. The gross proceeds will be lower than earlier estimated, the company said. While RCAP is offering 19 million shares, RCAP Holdings LLC, the controlling stockholder of RCAP, is selling 5 million shares.

Compiled by Shubhankar Chakravorty in Bangalore; Editing by Sriraj Kalluvila

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