(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) Wall Street opened higher on Friday after stronger-than-expected U.S. jobs data built the case for the Federal Reserve to raise interest rates this month for the first time in nearly a decade. The Dow Jones industrial average was up 0.95 percent at 17,644.33, the S&P 500 was up 0.79 percent at 2,065.88 and the Nasdaq Composite was up 0.82 percent at 5,078.585.
** KALOBIOS PHARMACEUTICALS INC, $32.82, +11.94 pct
The biopharmaceutical company, which recently appointed controversial head of Turing Pharmaceuticals Martin Shkreli as CEO, said it was acquiring worldwide rights to a compound being developed for the treatment of Chagas disease.
** AVON PRODUCTS INC, $4.38, +9.77 pct
Private equity investors led by Barington Capital have proposed a restructuring of the company, saying the cosmetics maker is “significantly undervalued” and warning against the sale of its North American arm to Cerberus Capital Management.
** FUELCELL ENERGY INC, $7.822, -20.12 pct
The fuel cell maker announced a 1-for-12 reverse stock split, effective Friday, which will reduce the number of authorized shares of common stock to 39.6 million from 475 million.
** FIVE BELOW INC, $30.02, +7.56 pct
Deutsche Bank raised its price target on the teen apparel retailer’s stock to $31 from $30 and RBC Capital Markets to $42 from $40 after company reported better-than-expected third-quarter profit and sales.
** GAP INC, $25.64, -1.80 pct
** ZUMIEZ INC, $13.07, -5.97 pct
The sports apparel and accessories makers reported larger-than-expected drop in November same-store sales, hurt by weaker consumer traffic and foreign exchange impact.
** NORFOLK SOUTHERN CORP, $87.05, -6.51 pct
The U.S. railroad operator said its board unanimously rejected Canadian Pacific Railway Ltd’s $28.4 billion acquisition proposal, saying the offer undervalued the company and could face regulatory hurdles.
** BARNES & NOBLE INC, $9.66, -19.83 pct
The largest U.S. bookstore chain reported a surprise fall in quarterly comparable store sales, hurt by store closures, lower online sales and weak demand for its Nook tablets.
** COOPER COMPANIES INC, $129.06, -9.14 pct
The medical device maker lowered full-year 2016 and first quarter outlook below Street view after it earned $2/share in fourth-quarter on revenue of $455.5 million, compared with Street estimates of earnings per share of $2.11 and revenue of $474.3 million.
** PORTOLA PHARMACEUTICALS INC, $48.32, -2.15 pct
The drug developer raised its offering size to 3.1 million shares from 2.6 million. Shares priced at $48 per unit, compared with Thursday’s close of $49.38.
** ULTA SALON COSMETICS AND FRAGRANCE INC, $178.64, +9.47 pct
The beauty salon operator reported better-than-expected third-quarter same-store sales, helped by increased traffic and transactions growth.
** JPMORGAN CHASE & CO, $66.7, +1.37 pct
A federal appeals court said JPMorgan Chief Executive Jamie Dimon and other bank officials need not face a shareholder lawsuit claiming they did a bad job investigating the 2012 “London Whale” trading scandal that caused $6.2 billion of losses.
** TEVA PHARMACEUTICAL INDUSTRIES LTD, $64.01, +0.76 pct
The drugmaker is in the process of divesting about $1 billion worth of assets to address antitrust concerns over its deal to buy Allergan Plc’s generic drugs business, people familiar with the matter said.
Compiled by Manish Parashar in Bengaluru; Editing by Sriraj Kalluvila