6 Min Read
(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. stock index futures were higher on Wednesday, with oil prices staging a modest recovery, ahead of U.S. Federal Reserve Chair Janet Yellen's appearance before Congress. Dow Jones industrial average futures were up 0.58 percent at 16,052, S&P 500 futures were up 0.78 percent at 1,862.75 and Nasdaq 100 futures were up 1.34 percent at 3,997.
** GOLDMAN SACHS GROUP INC, Tuesday close $148.25, +1.38 pct premarket
** DEUTSCHE BANK AG, Tuesday close $15.38, +7.48 pct premarket
U.S. banks are looking at ways to slash expenses further this year as market turmoil, declining oil prices and concerns about Germany's Deutsche Bank have sent the sector's shares down sharply.
** SOLARCITY CORP, Tuesday close $26.35, -32.03 pct premarket
The company said on Tuesday it installed fewer rooftop solar systems than expected for the second straight quarter and warned that its supercharged growth would slow in 2016.
** FITBIT INC, Tuesday close $14.3, +3.85 pct premarket
The company says Salesforce.com CEO Marc Benioff reports a 5.3 percent passive stake in it.
** WALT DISNEY CO, Tuesday close $92.32, -5.22 pct premarket
The company's ESPN sports network posted a decline in quarterly profit, overshadowing the blockbuster success of "Star Wars: The Force Awakens," which lifted the company to record income and topped Wall Street expectations.
** AKAMAI TECHNOLOGIES INC, Tuesday close $39.57, +17.64 pct premarket
The online content distributor reported better-than-expected quarterly revenue, helped by higher demand for its security services, and announced a $1 billion share buyback program.
** WIX.COM, Tuesday close $15.85
The company, which helps small businesses build and operate websites, expects slightly slower sales growth this year as it reported a smaller-than-expected loss for the fourth quarter, helped by conversions to paid products.
** HUMANA INC, Tuesday close $159.53, +0.29 pct premarket
The health insurer, which is being bought by rival Aetna Inc , reported a better-than-expected quarterly profit, helped by strength in its Medicare Advantage business and issued a strong profit forecast for 2016.
** TIME WARNER INC, Tuesday close $63.21, -7.93 pct premarket
The owner of cable channels CNN, HBO and Cartoon Network reported lower-than-expected Q4 revenue, hurt by a lack of hit movie releases from Warner Bros and a strong dollar.
** CANADIAN PACIFIC RAILWAY LTD, Tuesday close $124.1
** NORFOLK SOUTHERN CORP, Tuesday close $71.42
Canadian Pacific said on Tuesday it planned to seek support from Norfolk Southern's shareholders to push the U.S. railroad's board to engage in takeover talks.
** GENERAL MOTORS CO, Tuesday close $27.87, +0.90 pct premarket
The company said Tuesday it is recalling 473,000 pickups and SUVs in North America because brake pedals could fail due to a faulty nut.
** CTI BIOPHARMA CORP, Tuesday close $0.5, -45.98 pct premarket
The company said the U.S FDA has put a full clinical hold on the company's investigational new drug application for pacritinib.
** NUANCE COMMUNICATIONS INC, Tuesday close $16.15, +5.88 pct premarket
The voice recognition software maker posts a smaller first-quarter loss of $12.1 million, compared with a loss of $50.5 million last year, helped by higher software sales and an 11 percent fall in operating costs.
** ARROWHEAD RESEARCH CORP, Tuesday close $3.18, +0.00 pct premarket
The drug developer posts a smaller loss for the first quarter , helped by a drop in operating expenses.
** PAYCOM SOFTWARE INC, Tuesday close $22.5
The cloud-based human resources software maker reports Q4 revenue and profit above average analyst estimate, helped by a 48 percent rise in recurring revenue.
** JOHNSON & JOHNSON, Tuesday close $101.97, +0.65 pct premarket
A medical advisory panel to the U.S. FDA on Tuesday recommended approval of a cheaper biosimilar form of Johnson & Johnson's Remicade arthritis drug that could eventually batter sales of the branded product.
** ANGLOGOLD ASHANTI, Tuesday close $10.41, +0.00 pct premarket
Africa's top gold producer said on Wednesday that it would not look for a new joint venture partner for its Obuasi mine in Ghana until it had an investment agreement with the government.
** STAPLES INC, Tuesday close $8.4, +3.45 pct premarket
** OFFICE DEPOT INC, Tuesday close $4.915, +2.54 pct premarket
Staples' proposed takeover of Office Depot has been approved by European regulators after the U.S. office supplies retailer agreed to sell some of the European operations of its smaller rival.
** AGCO CORP, Tuesday close $46.38
The farming equipment manufacturer does not have immediate plans to purchase a stake in 365FarmNet, a farm management company and software platform that is a subsidiary of Germany-based Claas KGaA mbH, AGCO's chief executive said on Tuesday. (Reporting by Rosmi Shaji in Bengaluru; Editing by Maju Samuel)