MARKET PULSE- Tower Group, Talisman Energy, PHH, Jamba

Tue Oct 8, 2013 7:50am EDT
 
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(For more market insights, including options activity, click on ; for the Day Ahead newsletter link.reuters.com/mex49s) U.S. stock index futures were little changed on Tuesday as small signs of progress began to emerge in the fiscal standoff among politicians in Washington.

S&P 500 futures were down 0.2 point. Dow Jones industrial average futures were flat and Nasdaq 100 futures were up 1 point.

** TOWER GROUP INTERNATIONAL LTD, Monday close $7.41, down 24 pct premarket

The company said it expects to increase its loss reserves by about $365 million, much higher than what the property and casualty insurer previously indicated.

** ALCATEL-LUCENT, Monday close $3.85

Telecom equipment maker Alcatel-Lucent unveiled plans on Tuesday to cut an overall 10,000 jobs worldwide by the end of 2015, hoping to save 1 billion euros ($1.36 billion) and turn the company around after years of losses.

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