MARKET PULSE-J.C. Penney, Hertz, Eli Lilly, JPMorgan, Westport Innovations
U.S. stock index futures rose on Thursday, following five days of losses on the S&P 500 and Dow industrials, with investors still focused on budget and debt negotiations in Washington and the possible impact of an ongoing impasse on the economy. S&P 500 futures rose 3 points, Dow Jones industrial average futures rose 14 points, and Nasdaq 100 futures added 25 points.
** J.C. PENNEY CO INC, Wednesday close $10.12, down 11 pct premarket
The struggling retailer is looking to raise as much as $750 million to $1 billion in new equity to build up its cash reserves as the holiday season approaches, according to three people with knowledge of the matter.
** HERTZ GLOBAL HOLDINGS INC, Wednesday close $25.78, down 9 pct premarket
The No.2 U.S. car rental company cut its full-year revenue forecast due to weaker-than-expected airport car rental volumes in the United States, the company's biggest business.
** ELI LILLY AND CO, Wednesday close $52.61, down 5 pct premarket
The compant said its experimental cancer drug failed to improve survival among breast cancer patients without their cancer worsening. Continued...