MARKET PULSE-BlackBerry, J.C. Penney, Lumber Liquidators, Nektar

Fri Sep 27, 2013 9:27am EDT
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(For more market insights, including options activity, click on ; for the Day Ahead newsletter the Morning News Call newsletter U.S. stock index futures fell on Friday as deadlines loomed for a political agreement in Washington that would keep the U.S. government running and avoid a debt default, with no clear solution in sight. S&P 500 futures fell 8 points, Dow Jones industrial average futures fell 48 points, and Nasdaq 100 futures lost 12 points.

** BLACKBERRY LTD, Thursday close $7.95, up 2 pct premarket

The company reported a quarterly loss of nearly $1 billion on Friday, in line with last week's warning, days after accepting its largest shareholder's tentative $4.7 billion bid to take it out of the public eye.

** J.C. PENNEY CO INC, Thursday close $10.42, down 6 pct premarket

The struggling department store operator expects to raise up to $932 million from a share sale, leaving it with about $2.2 billion in cash at the end of the year. Penney, whose shares have been hit by concerns it doesn't have enough cash to fund operations going into the holiday shopping season, said on Friday that without the offering it would have about $1.3 billion in cash by the end of the year - about $200 million less than it had forecast on Aug. 19.

** YAHOO INC, Thursday close $32.75, up 2 pct premarket

The U.S. Internet company joined Japan's SoftBank Corp in backing Alibaba Group Holding Ltd's planned partnership structure. Yahoo, which owns 24 percent of Alibaba, stands to reap huge windfalls from an IPO as Alibaba's market valuation would add billions of dollars to the two companies' assets. Yahoo is also keen to sell part of its stake.   Continued...