MARKET PULSE- Tower Group, Talisman Energy, J C Penney, Jamba

Tue Oct 8, 2013 8:25am EDT
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(For more market insights, including options activity, click on ; for the Day Ahead newsletter; for the Morning News Call newsletter, 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.

** J.C. PENNEY CO INC, Monday close $7.71, up 8 pct premarket

The struggling retailer reported a rise in same-store sales for September compared with August and said it was seeing positive signs in many areas of its business.