July 29, 2014 / 11:54 AM / 3 years ago

BUZZ-U.S. Stocks on the Move-Merck, Windstream Holdings, Masco, Pfizer

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U.S. stock index e-mini futures rose slightly on Tuesday: Dow Jones industrial average futures were up 0.19 percent at 16,948, S&P 500 futures were up 0.13 percent at 1,975.5 and Nasdaq 100 futures were up 0.16 percent at 3,966.5.

** HERBALIFE LTD, Monday close $67.48, -11.38 pct premarket

The maker of weight-loss and nutritional products cut its sales outlook for the year after raising it three months earlier. The company, which has been labeled a pyramid scheme by hedge fund manager Bill Ackman, also reported lower-than-expected quarterly profit as costs jumped.

** MERCK & CO, Monday close $57.97, +1.07 pct premarket

The company reported better-than-expected quarterly results, with sales of newer drugs mostly offsetting declining sales of drugs facing generic competition.

** BRANDYWINE REALTY TRUST, Monday close $16.1, -3.42 pct premarket

The real estate investment trust commenced offering of 18 million common shares.

** MASCO CORP, Monday close $20.27, +5.82 pct premarket

The home improvement and building products maker reported better-than-expected second-quarter revenue and profit as international sales were helped by its plumbing businesses benefiting from an improving European economy.

** WINDSTREAM HOLDINGS INC, Monday close $10.53, +3.99 pct premarket

The U.S. telephone network operator said it planned to spin off its fiber and copper network, as well as other fixed real estate assets, into a real estate investment trust.

** PFIZER INC, Monday close $30.1, +1.03 pct premarket

The drugmaker, which in May officially abandoned its bid to buy British rival AstraZeneca Plc, reported higher-than-expected second-quarter earnings, helped by growing sales of its cancer medicines.

** INTEGRATED DEVICES TECHNOLOGY INC, Monday close $13.53, +7.46 pct premarket

The chip-component maker reported better-than-expected first-quarter revenue and profit, helped by higher demand for its wireless power components used in mobile phones.

** SPIRIT AIRLINES INC, Monday close $67.72, +1.00 pct premarket

The low-cost U.S. carrier reported a 54 percent rise in second-quarter profit as it added flights and had higher average fares.

** MICROSOFT CORP, Monday close $43.97, -0.48 pct premarket

A Chinese regulator said it was conducting an anti-monopoly investigation into the software major because the firm has not fully disclosed information about its Windows operating system and Microsoft Office application.

** TARGACEPT INC, Monday close $3.92, -24.00 pct after market

The company said it was stopping development of a drug to treat overactive bladder after it failed to show significant reduction in incontinence in a mid-stage study.

** DARDEN RESTAURANTS INC, Monday close $44.92, +4.00 pct after market

The company’s food fight with activist investors Barington Capital Group LP and Starboard Value LP entered a new phase on Monday, when the company said Clarence Otis would step down as chairman and chief executive.

** AETNA INC, Monday close $84.82, -0.38 pct premarket

The third-largest U.S. health insurer said its second-quarter profit rose, helped by the acquisition of Medicare and Medicaid provider Coventry last year.

** BP, Monday close $50.64, -1.70 pct premarket

The British oil and gas producer reported a sharp rise in second quarter profit, but warned that further Western sanctions on Russia could harm its business there and its relationship with Russian state oil company Rosneft.

** TALISMAN ENERGY INC, Monday close $10.84, -0.09 pct premarket

The Canadian company, which has been approached by Spain’s Repsol SA for talks over a potential deal, reported a 4 percent rise in second-quarter revenue, helped by an increase in North American drilling.

** TWITTER INC, Monday close $37.93, +0.98 pct premarket

The microblogging website’s decelerating user growth and user engagement on the service will be in the spotlight when it reports its second quarter. Shares in the San Francisco company, which had a blockbuster IPO in 2013, have declined by more than 40 percent in the past six months as Wall Street worries that its service may never evolve into a massive, main-stream phenomenon such Facebook, or newer services like Instagram and WhatsApp.

** GENERAL MOTORS CO, Monday close $34.90

The automaker has pushed forward the launch of its next-generation full-size pickups by about nine months to fall 2018, hoping to narrow rival Ford Motor Co’s still-sizable lead in meeting future U.S. fuel-economy standards, supplier sources said on Monday.

** HONDA MOTOR CO, Monday close $35.18, +1.2 pct after market

The company’s April-June operating profit rose 7.1 percent from a year earlier to 198.04 billion yen ($1.94 billion), beating analyst estimates, boosted by cost cuts and strong sales of the remodeled Fit in Japan. [ID: nL4N0Q41VR]

** CITIGROUP, Monday close $49.7, +0.14 pct premarket

The bank plans to hire as many as 100 bankers in a renewed push into Asia-Pacific commercial banking, following in rival HSBC’s footsteps with a strategy that focuses on selling smaller corporate clients a wider range of products.

** FLEETCOR TECHNOLOGIES INC, Monday close $132.12

The company and buyout firms including Carlyle Group LP and Silver Lake Partners LP are vying to acquire payments processing company Comdata Inc for more than $3 billion, according to people familiar with the matter.

** CARLYLE GROUP LP, Monday close $34.09

The private equity firm is in advanced talks to acquire Acosta Sales and Marketing, in a deal that could value the consumer goods marketing agency at close to $5 billion including debt, a person familiar with the matter said on Monday.

** GOLDMAN SACHS GROUP INC, Monday close $175.95

The bank’s metals warehousing unit is exploring its first foray into China, and privately held C Steinweg has expanded capacity there, sources said, as a financing scandal in a major Chinese port fuels a scramble for market share. (Reporting by Neha Dimri in Bangalore; Editing by Kirti Pandey)

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