MARKET PULSE-Mercury Systems, Mylan, China Sunergy, Synnex, Ocean Power
(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. stock index futures rose on Friday, adding to earlier gains despite the March payroll report coming in modestly below expectations. Dow Jones industrial average futures were up 0.32 percent at 16,554, S&P 500 futures were up 0.35 percent at 1,889.5 and Nasdaq 100 futures were up 0.57 percent at 3,651.5.
** BOEING INC, Thursday close $128.78, +0.68 pct premarket
** MERCURY SYSTEMS INC, Thursday close $13.23, +9.60 pct premarket
Boeing is considering buying the company which supplies digital signal and image processing systems to the aerospace and defense industry, according to two people familiar with the matter.
Mercury, which has a market value of roughly $440 million, supplies to companies including Boeing, Lockheed Martin Corp , Northrop Grumman Corp and Raytheon Co.
** MYLAN INC, Thursday close $49.86, +10.81 pct premarket
The drugmaker is looking to acquire its smaller Swedish rival Meda AB in a move that would create a $23 billion company, the Financial Times reported on Thursday.
Meda's chairman confirmed to Swedish news agency Direkt on Friday that the company had initial contact with Mylan and said it would make an announcement on Friday. Continued...