BUZZ-U.S. Stocks on the Move-Corinthian, BlackBerry, Ballard, KBR

Thu Jun 19, 2014 9:22am EDT
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(For faster updates on individual market-movers, use search string "STXBZ US"; for more market insights, including options activity, ; for the Day Ahead newsletter,; for the Morning News Call newsletter, 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. (

** 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...