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U.S. stocks fell at the open on Monday as manufacturing growth across Asia and Europe eased in November, while retailers could be pressured as Thanksgiving weekend in-store sales failed to impress. The Dow Jones industrial average was down 0.45 percent at 17,748.57, the S&P 500 was down 0.61 percent at 2,054.9 and the Nasdaq Composite dropped 0.3 percent to 4,777.48.
** MACY‘S INC , $63.24, -2.57 pct
** WAL-MART STORES INC, $86.31, -1.41 pct
** TARGET CORP , $72.29, -2.31 pct
** BEST BUY CO INC , $37.65, -4.47 pct
** JC PENNEY CO INC, $7.67, -4.24 pct
** SEARS HOLDING CORP , $35.64, -1.27 pct
Early holiday promotions and rising online shopping took a toll on in-store U.S. sales during the Thanksgiving weekend as shoppers on average spent 6.4 percent less than they did a year earlier, according to data released Sunday by the National Retail Federation.
** DREAMWORKS ANIMATION SKG INC, $21.81, -8.52 pct
FBR Capital Markets cut its rating on the Hollywood studio's shares to "underperform" from "market perform", according to theflyonthewall.com (bit.ly/1CxRvlz)
FBR analysts said they believed the company is having trouble with post-“Shrek” franchises and cut price target to $14 from $20, according to the website.
** GROUPON INC, $7.7467, +2.88 pct
BofA Merrill Lynch upgraded the online discount coupon provider to ”buy“ from ”neutral’, according to theflyonthewall.com.
** POZEN INC, $7.3601, -17.21 pct
The drugmaker said partner Sanofi SA returned rights to Yosprala, a variant of aspirin. Pozen CEO John Plachetka said in a conference call that the $15 million upfront payment would remain with the company but did not comment on the $20 million milestone payment.
** EXELIXIS INC, $1.44, -13.25 pct
The company said its experimental prostate cancer drug failed to meet the main goal of a second late-stage study. The drug had earlier failed to meet the main goal of a late-stage study.
** COEUR MINING INC , $4.4, +7.06 pct
** PARAMOUNT GOLD AND SILVER CORP, $0.7697, +16.62 pct
The biggest U.S. producer of silver is in advanced negotiations to acquire Paramount Gold and Silver, according to people familiar with the matter, as it seeks to expand its mining footprint in Mexico.
** TESLA MOTORS INC, $236.12, -3.44 pct
BMW is not interested in buying a stake in Tesla, German weekly WirtschaftsWoche reported, citing a BMW statement.
Tesla said last week there had been informal talks between the companies over a possible collaboration in batteries and lightweight components, but there were no plans to set up an alliance.
** OASIS PETROLEUM INC, $17.64, -4.03 pct
** OCCIDENTAL PETROLEUM CORP, $77.34, +1.03 pct
** GOODRICH PETROLEUM CORP, $5.9, -2.48 pct
** ANADARKO PETROLEUM CORP, $79.19, +0.05 pct
Oil and gas companies’ shares fall premarket after Brent crude fell to a five-year low of below $68
Brent crude was down 43 cents at $69.72/bbl at 1209 GMT following last week’s OPEC decision not to cut production
U.S. crude was down 57 cents at $65.58/bbl, having slipped to an intraday low of $63.72, the lowest since July 2009.
** VODAFONE GROUP PLC, $35.63, -2.52 pct
The company is reviewing potential acquisitions, including U.S. billionaire John Malone-backed Liberty Global, Reuters reported on Friday, to boost its broadband and cable network businesses
BREAKINGVIEWS-If Vodafone wants Liberty it has to get creative
** 21VIANET GROUP INC, $19.75, +4.94 pct
The Chinese data-center services provider says software maker Kingsoft Corp Ltd, smartphone maker Xiaomi Corp and Singapore-based investment firm Temasek Holdings Pvt Ltd would buy stakes for $18/ADS.
** ON SEMICONDUCTOR CORP, $9.5, +5.20 pct
The power management chip maker said it would buy back $1 billion of shares over next four years, replacing the $300 million program announced in 2012.
** GOLDCORP INC, $20.37, +3.72 pct
** BARRICK GOLD CORP, $12.12, +1.93 pct
** FIRST MAJESTIC SILVER CORP, $4.32, +6.14 pct
** ENDEAVOUR SILVER CORP, $2.76, +5.75 pct
U.S.-listed shares of gold and silver miners up 1-5 pct premarket as Moody’s cuts rating on Japan, sending Japanese yen to 7-year low against dollar, stimulating demand for gold
Compiled by Amrutha Penumudi in Bengaluru; Editing by Sriraj Kalluvila