7 Min Read
(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter, link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) Wall Street was higher in early afternoon trading on Thursday as Apple and biotech shares lifted the market ahead of the crucial Federal Reserve meeting next week. The Dow Jones industrial average was up 1.01 percent at 16,417.66, the S&P 500 was up 1.03 percent at 1,962.11 and the Nasdaq Composite was up 1.18 percent at 4,812.893.
** APPLE INC, $112.855, +2.46 pct
Apple unveiled a new TV set top box that responds to voice commands and fresh iPhones that sense the pressure of a finger tap. .
The company also announced a program on Wednesday that will allow users to finance unlocked versions of the new iPhones through monthly installments starting at $32, regardless of carrier.
** ENVIVIO INC, $4.065, +113.95 pct
The video processing software provider agrees to be acquired by Ericsson, the world's No.1 mobile network equipment maker, in a deal valued at $125 million.
** XPO LOGISTICS INC, $29.52, -13.15 pct
** CON-WAY INC, $47.6, +33.97 pct
XPO said it would buy trucking and logistics company Con-way for $3 billion, including debt, making it the second largest provider of less-than-truckload services in North America.
** CYTORI THERAPEUTICS INC, $0.4771, +16.65 pct
The drug developer says its experimental drug provided prolonged improvement in scleroderma patients with impaired hand function, showed a 12-month follow-up study.
** AMERICAN MIDSTREAM PARTNERS LP, $9.99, -16.26 pct
The company engaged in natural gas transport and processing says offering of 7.5 million common units priced at $11.31/unit.
** AVON PRODUCTS INC, $4.53, +0.00 pct
The direct seller of cosmetics is in talks with various private equity firms for a stake sale, CNBC tweeted, citing Dow Jones.
** SIGMA DESIGNS INC, $8.825, -16.98 pct
Shares of the chipmaker slump despite another strong set of results from the company and are poised for their sharpest one-day drop since December 2013. The stock opened 7 percent stronger but sank steadily over next half an hour, suggesting a large shareholder was selling a sizeable position, says Needham & Co analyst Quinn Bolton.
** KRISPY KREME DOUGHNUTS INC, $15.73, -11.28 pct
The doughnut chain cuts FY 2016 profit forecast, blaming softer-than-expected sales in its consumer packaged goods category and charges on its derivative business.
** LULULEMON ATHLETICA INC, $54.35, -15.14 pct
Shares of the Canadian yogawear retailer fell as results showed margins had narrowed due to higher operating costs, even as the company modestly raised its full-year earnings and sales forecasts on Thursday.
** FARMER BROS CO, $25.49, +19.67 pct
The manufacturer and distributor of coffee, tea and culinary products reports a Q4 adjusted profit, compared with a year-earlier loss, helped by higher average unit prices in its coffee business and lower selling expenses.
** PALO ALTO NETWORKS INC, $177.29, +7.34 pct
The cyber security company reported its strongest revenue growth in 10 quarters and forecast better-than-expected growth in the current quarter as governments and companies spend more to protect themselves from cyber attacks.
** MOBILEYE NV, $45.26, -6.41 pct
Short-seller Citron Research said there was "nothing in the company's financials, business performance or realistic future prospects" to justify its $12 billion market value.
** EXTREME NETWORKS INC, $3.34, +4.70 pct
Wunderlich Securities raises rating to "buy" from "hold" and PT to $4.50 from $3.00, citing early signs of stability and increase in company's valuation potential.
** USA COMPRESSION PARTNERS, $18.01, -11.06 pct
The company prices public follow-on offering. The company's MLP units fall as much as 12.3 percent, biggest 1-day percentage drop ever, halve their YTD gain.
** OLLIE'S BARGAIN OUTLET HOLDINGS INC, $18.19, +6.44 pct
The deep discount retailer reported better-than-expected Q2 sales and profit on Wednesday, helped by higher same-store sales and rise in store count.
** MEDICINOVA INC, $3.15, +2.27 pct
The U.S. FDA grants fast-track status for the company's experimental treatment of idiopathic pulmonary fibrosis - a fatal disease characterized by scarring of lungs.
** WELLCARE HEALTH PLANS INC, $95.62, +5.05 pct
The health insurer received a contract to continue serving Medicaid recipients in Georgia.
** OREXIGEN THERAPEUTICS INC, $2.8692, +9.51 pct
The drugmaker says funds managed by the Baupost Group bought 20 million shares and warrants to purchase 5 million shares for about $60 million.
** LA JOLLA PHARMACEUTICAL CO, $38.5, -9.01 pct
The drug developer's offering of 2.5 million shares was priced at $38 per share, representing a discount of 10 percent to the stock's Wednesday's closing price.
** APRICUS BIOSCIENCES INC, $1.787, +5.12 pct
The drug developer takes back U.S. development and marketing rights for its erectile dysfunction cream, Vitaros, from Allergan Plc for a $1 million upfront payment and milestone payment of $1.5 million.
** DOLLARAMA INC, $85.39, +6.46 pct
The Canadian discount retailer reported better-than-expected Q2 profit and sales as customers bought more higher-priced items, boosting its average revenue per transaction.
** BLACKROCK INC, $303.59, +2.30 pct
Blackrock gets an upgrade to "outperform" from "neutral" from Credit Suisse.
** YINGLI GREEN ENERGY HOLDING COMPANY LTD, $0.582, -4.59 pct
Credit Suisse says Yingli management's move to lower debt will not be enough to take the company out of a "difficult position".
** MERITAGE HOMES CORP, $37.66, -9.30 pct
At least four brokerages reduce PTs after the homebuilder cuts FY earnings forecast, citing delays in home closings.
** WYNN RESORTS LTD, $69.88, -4.33 pct
** LAS VEGAS SANDS CORP, $46.61, -2.65 pct
** MGM RESORTS INTERNATIONAL, $20.73, -1.85 pct
Susquehanna Financial lowers its Macau gross gaming revenue (GGR) forecast for 2015, 2016 and 2017. The brokerage cites Beijing's crackdown on underground banking and new headwind of currency devaluation.
** FENIX PARTS INC, $8.5998, -10.33 pct
The auto parts reseller estimates a Q2 loss, hurt by professional fees, corporate expenses and other acquisition and IPO-related costs.
** YULONG ECO-MATERIALS LTD, $5.3, +8.16 pct
The Chinese building products maker says it signed an agreement with Zheng Dong New District municipal construction office to process and recycle construction waste in Zhengzhou city. (Compiled by Subrat Patnaik in Bengaluru; Editing by Maju Samuel)