BUZZ-U.S. Stocks on the Move-Corinthian, BlackBerry, Ballard, KBR
(For faster updates on individual market-movers, use search string "STXBZ US"; for more market insights, including options activity, ; for the Day Ahead newsletter, link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) U.S. stocks were set for a slightly higher open on Thursday, after four straight days of gains sent the S&P 500 to a fresh record high, as initial jobless claims data indicated strengthening of the labor market. Dow Jones industrial average futures were up 0.04 percent at 16,905, S&P 500 futures were up 0.08 percent at 1,958.5 and Nasdaq 100 futures were up 0.12 percent at 3,808.25.
** CORINTHIAN COLLEGES INC, Wednesday close $0.85, -41.53 pct premarket
The for-profit education provider said it may not be able to continue as a going concern after the U.S. Department of Education delayed reimbursements. The department has increased the period in which Corinthian is refunded some disbursements to 21 days from 24-72 hours, Corinthian said in a regulatory filing. (1.usa.gov/1qvpC6z)
** BLACKBERRY LTD, Wednesday close $8.29, +12.91 pct premarket
The Canadian smartphone maker reported a smaller-than-expected quarterly loss on Thursday as the smartphone company's cost cutting and other turnaround efforts started to pay off.
Excluding a one-time non-cash accounting gain and certain restructuring charges, the loss was 11 cents per share.
** BALLARD POWER SYSTEMS, Wednesday close $4.15, +9.40 pct premarket
Ballard said it signed an agreement with China's Azure Hydrogen to provide telecom backup power systems for the Chinese market. The deal is valued at about $6 million over 2014-15. Under the terms of the agreement, Ballard will also be exclusive supplier of air-cooled fuel cell stacks and fuel processors. Continued...