MARKET PULSE- Tower, Talisman, J C Penney, Jamba, CombiMatrix

Tue Oct 8, 2013 9:19am EDT
 
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(For more market insights, including options activity, click on ; for the Day Ahead newsletter link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) U.S. stocks were poised for a flat open on Tuesday on faint signs of progress to resolve the fiscal standoff in Washington, although an agreement still remained elusive.

S&P 500 futures were up 1.1 points, Dow Jones industrial average futures up 9 points and Nasdaq 100 futures up 4.5 points.

** 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.

  Continued...