(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter, link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) U.S. stocks were set for a modest bounce on Monday after the S&P 500 suffered its worst weekly drop since May 2012 and the Dow moved into negative territory for the year on global growth concerns. Dow Jones industrial average e-mini futures were up 0.12 percent at 16,456, S&P 500 e-mini futures were up 0.22 percent at 1,898.5 and Nasdaq 100 e-mini futures were up 0.11 percent at 3,857.25.
** CSX CORP, Friday close $29.94, +11.46 pct premarket
** CANADIAN PACIFIC RAILWAY LTD, Friday close $189.37, +3.40 pct premarket
** UNION PACIFIC CORP, Friday close $101.34, +1.61 pct premarket
** NORFOLK SOUTHERN CORP, Friday close $102.36, +3.31 pct premarket
** KANSAS CITY SOUTHERN, Friday close $112.57, +2.65 pct premarket
Canadian Pacific Railway Ltd has approached the U.S. rail road operator CSX about merging the two North American railroad operators to create a transcontinental carrier worth more than $60 billion, according to the Wall Street Journal.
Shares of Union Pacific, Norfolk Southern and Kansas City were also up.
** TEKMIRA PHARMACEUTICALS CORP, Friday close $22.8, +4.65 pct premarket
** LAKELAND INDUSTRIES INC, Friday close $19.63, +15.84 pct premarket
** ALPHA PRO TECH LTD, Friday close $7.43, +15.21 pct premarket
A Texas health worker contracted Ebola after treating a Liberian, Thomas Eric Duncan, who died of the disease in Dallas last week.
Shares of Ebola drugmaker Tekmira Pharma, hazmat suits maker Lakeland Industries and face mask maker Alpha Pro Tech Ltd were up on the news.
** J.C. PENNEY CO INC, Friday close $7.12, +4.21 pct premarket
The department store operator said Marvin Ellison, Home Depot Inc’s head of U.S. stores, would replace Myron Ullman as chief executive in August 2015.
The company’s shares fell earlier after UBS Investment Research cut its rating on to “sell” from “neutral” and halved its price target to $5.
** DANAHER CORP Friday close $71.86, +1.56 pct premarket
** NETSCOUT SYSTEMS INC, Friday close $41.91
U.S. healthcare technology group Danaher said it would become majority shareholder in network monitoring company NetScout Systems through a stock deal that involves the merger of Danaher’s communications business with NetScout.
** STERIS CORP, Friday close $56.38, +2.43 pct premarket
The medical technology company offered to buy British sterilisation services provider Synergy Health Plc for about $1.9 billion in cash and stock in a deal that would shift its domicile to the UK and cut its tax bill.
** ARCELORMITTAL SA, Friday close $12.02, +4.16 pct premarket
** BHP BILLITON LTD, Friday close $55.73, +2.94 pct premarket
** RIO TINTO PLC, Friday close $47.75, +3.54 pct premarket
** VALE SA SHARES, Friday close $10.9, +4.22 pct premarket
Chinese steel and iron ore futures surged 4 percent to reach their upside limits on Monday as investors covered short positions on expectations prices may have hit bottom after sliding to record lows over the past two weeks. China’s iron ore imports rose 13 pct from August to 84.69 million tonnes in September, the second highest monthly volume on record, customs data showed.
** DORAL FINANCIAL CORP, Friday close $5.29, +48.77 pct premarket
A Puerto Rico judge rules in favor of the Puerto Rican bank in $229 million tax dispute with Puerto Rico Treasury Department
** SEADRILL LTD < SDRL.N>, Friday close $22.83, +4.25 pct premarket
Brokerage Pareto upgraded the world’s biggest offshore driller’s Oslo-listed shares to “buy” from “hold”. Seadrill has fallen sharply along with peers in recent months as oil firms reduce exploration plans and oil prices tumble. Oil prices dipped to $88.30 per barrel on Monday, hitting their lowest point since November 2010.
** LUXOTTICA GROUP SPA, Friday close $51.7, -7.20 pct premarket
The maker of Ray Ban and Oakley said on Sunday Co-Chief Executive Enrico Cavatorta planned to resign, barely two months after assuming the role
** BLACKROCK INC, Friday close $308.87, -0.35 pct premarket
Susquehanna Financial Group cuts asset manager’s price target to $373 from $379. The brokerage says revision “reflects a sharp down move in September in global markets (emerging markets) and slower exchange-traded fund flows”.
** RANDGOLD RESOURCES, Friday close $66.3, +4.90 pct premarket
The gold miner’s U.S.-listed shares rise after UBS raises rating on company’s London-listed stock to “buy” from “neutral”.
** BOEING CO, Friday close $121.5, +0.46 pct premarket
The plane maker said on Sunday that Indonesian flag carrier Garuda Indonesia had placed an order for 50 737 MAX 8 jetliners worth $4.9 billion.
** TWITTER INC, Friday close $50.4, +0.50 pct premarket
One of France’s largest banks is teaming up with the social network this week to allow its customers to transfer money via tweets.
** SHUTTERFLY INC, Friday close $46.96, -8.01 pct premarket
Private equity firm Silver Lake failed to reach a deal to acquire and combine photo-sharing sites Shutterfly Inc and Snapfish by a deadline on Friday, Bloomberg reported, citing people familiar with the matter.
** LITHIA MOTORS INC, Friday close $80.86, -10.96 pct premarket
The car seller estimated its quarterly profit missed its forecast as used car prices fell, driving down the company’s shares nearly 11 percent in premarket trading.
The company formed from the merger between Italian auto group Fiat and its U.S. unit Chrysler makes its Wall Street debut, shifting the carmaker’s center of gravity away from Italy and capping a decade of canny dealmaking and tough restructuring by CEO Sergio Marchionne.
Monday’s opening price will be benchmarked against Fiat’s previous close of 6.94 euros ($8.76).
** ALNYLAM PHARMACEUTICALS INC, Friday close $72.85, +11.87 pct premarket
The biotechnology company announced 6-month data from an ongoing mid-stage study evaluating its experimental drug to treat Transthyretin (TTR)-mediated amyloidosis - an inherited, often fatal, disease caused by mutations in the TTR gene. “In this open-label study with patisiran, we are very encouraged to see what we believe to be evidence for possible stabilization of neuropathy progression after the first six months of treatment,” Chief Medical Officer Akshay Vaishnaw said on Monday.
** TARGA RESOURCES CORP, Friday close $121.65, +1.11 pct premarket
U.S. pipeline company said it would buy Atlas Energy LP’s ATLS.N midstream assets for $1.9 billion, while its unit Targa Resources Partners LP NGLS.N would buy Atlas Pipeline Partners LP APL.N for $4 billion.
** GENERAL DYNAMICS CORP, Friday close $121.22
The maker of Gulfstream jets is expected to unveil a new business jet on Tuesday, the Wall Street Journal reported, citing people familiar with the company’s plans.
** YUM BRANDS INC, Friday close $69.31
The fast food company is partnering with Singapore-listed Yoma Strategic Holdings Ltd to debut a KFC restaurant in Myanmar in 2015, making it one of the first big Western fast-food chains to enter the newly emerging market.
** ACTAVIS PLC, Friday close $236.62
** ALLERGAN INC, Friday close $187.61, +1.27 pct premarket
Fidelity Investments, the largest shareholder in pharmaceutical company Actavis Plc, has increased its holdings in takeover-target Botox maker Allergan Inc in recent months and would be supportive of a potential merger between the two drugmakers, according to people familiar with the matter. (Compiled by Ankit Ajmera in Bangalore; Editing by Sriraj Kalluvila)