(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 to fall at the open on Monday, following four consecutive weeks of gains for major Wall Street indexes, weighed by data showing Japan slipped into recession. Dow Jones industrial average futures were down 0.19 percent at 17,571, S&P 500 futures were down 0.22 percent at 2,033.5 and Nasdaq 100 futures were down 0.16 percent at 4,215.25.
** HALLIBURTON CO, Friday close $55.08, -6.32 pct premarket
** BAKER HUGHES INC, Friday close $59.89, +13.22 pct premarket
** SCHLUMBERGER NV, Friday close $95.32, -0.36 pct premarket
Halliburton, the world’s second-largest oilfield services provider, will buy smaller rival Baker Hughes for about $35 billion in cash and stock, creating an oilfield services behemoth to take on market leader Schlumberger as falling oil prices threaten to erode demand.
** CELLDEX THERAPEUTICS INC, Friday close $14.16, +18.15 pct premarket
Interim data showed the drugmaker’s brain tumor drug shrunk tumor, improved survival in patients without the disease worsening.
Roth Capital raised its price target on the stock to $43 from $40, while Cowen and Co raised to $26 from $22.
** AMICUS THERAPEUTICS INC, Friday close $5.69, +12.30 pct premarket
The drug developer said its experimental drug, migalastat, showed statistically significant decrease in cardiac risks in patients with Fabry disease in a late-stage study.
** ALLERGAN INC, Friday close $198.65, +4.48 pct premarket
The American pharma company is close to a buyout deal worth up to $65.5 billion by Actavis Plc, one that could end months of pursuit by Canada’s Valeant Pharmaceuticals and William Ackman’s hedge fund, Pershing Square Capital Management, according to a person familiar with the matter.
** CBS CORP, Friday close $53.41, -3.56 pct premarket
Evercore ISI cut its price target on the television network’s stock to $63 from $65, citing lower political advertising spend and fewer “profitable entertainment programming”.
** DREAMWORKS ANIMATION SKG INC, Friday close $26.02, -12.72 pct premarket
** HASBRO INC, Friday close $54.02, +4.41 pct premarket
Negotiations between toy and board game company Hasbro and the American animation studio DreamWorks Animation have been hampered by issues regarding the structure of the combined company, according to a person familiar with the matter.
** DENBURY RESOURCES INC, Friday close $11.2, -7.50 pct premarket
Credit Suisse cut its rating and price target on the oil and natural gas company’s stock.
“We are downgrading DNR shares to ‘neutral’ from ‘outperform’ to reflect the realization that our investment thesis (mid-single-digit oil production growth and sustained dividend growth) appears no longer valid largely due to lower oil prices,” the brokerage said. It cut its price target on the stock by $3 to $16.
Denbury said on Friday it planned to cut its 2015 capital spending by 50 percent.
** GENERAL MOTORS CO, Friday close $31.79, +0.82 pct premarket
The deadline to file claims under the U.S. automaker’s faulty ignition-switch compensation program has been extended by one month to Jan. 31, 2015, the program’s administrator, Kenneth Feinberg, announced on Sunday.
** FORD MOTOR CO, Friday close $15.14, +1.59 pct premarket
The automaker said on Sunday night it was cooperating with U.S. safety regulators investigating a report the driver of a 2007 Ford Mustang was injured in August by a metal fragment from the car’s air bag.
** CARNIVAL CORP, Friday close $41.5, -0.07 pct premarket
A cruise ship with 172 passengers and crew members suffering from a gastrointestinal ailment caused by norovirus was met by public health officials when it docked in California on Sunday, authorities and the cruise company said.
** DUPONT AND CO, Friday close $70.8, +0.00 pct premarket
Investigators from the U.S. Chemical Safety Board (CSB) were headed on Sunday to the American chemical company’s plant in LaPorte, Texas, to begin a probe of a chemical leak that killed four workers.
** MICRON TECHNOLOGY INC, Friday close $32.62, -2.61 pct premarket
Greenlight Capital cut its stake in the memory chipmaker’s shares by 24.5 percent to 30.47 million shares.
** BRISTOL-MYERS SQUIBB CO, Friday close $57.95, +0.00 pct premarket
Chemotherapy as a treatment for advanced melanoma could soon become obsolete, researchers said on Sunday, after patients taking an experimental immuno-oncology drug from the U.S.-based pharmaceutical company had a much higher survival rate and had other favorable results.
** DOW CHEMICAL CO, Friday close $51.37, +0.25 pct premarket
Kuwait plans to offer to the public the shares in Kuwaiti joint ventures which U.S. petrochemicals giant Dow Chemical Co plans to sell off, state news agency KUNA quoted a senior Kuwaiti executive as saying.
** EBAY INC, Friday close $54.36, +0.00 pct premarket
** NETFLIX INC, Friday close $386.04, -0.33 pct premarket
Billionaire activist investor Carl Icahn increased his stake in e-commerce company eBay Inc while booking more profits from his stake in Netflix Inc, a provider of on-demand Internet streaming media, in the third quarter, a regulatory filing showed on Friday.
** VIRGIN AMERICA INC Friday close $30, -0.83 pct premarket
After soaring more than 30 percent in its market debut on Friday, shares of low-cost airline Virgin America may be fully priced, according to a report in Barron‘s.
** NOKIA OYJ, Friday close $7.86, -2.16 pct premarket
Raymond James downgraded U.S.-listed shares of the Finnish network equipment maker to “underperform” from “market perform”. Natixis cut its rating on the Helsiniki-listed stock of the company to “reduce” from “neutral”.
** JD.COM INC, Friday close $27.01, +1.81 pct premarket
China’s JD.com, the country’s No. 2 e-commerce company, posted on Monday a better-than-expected 61 percent jump in third-quarter revenue as its number of customer accounts more than doubled to 46.1 million from a year ago. (Compiled by Ankit Ajmera in Bangalore; Editing by Maju Samuel)