(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 set for a slightly higher open on Wednesday, a day after the S&P closed at a near 11-month high, as oil prices rose again and chances of an interest rate hike in the near term faded. Dow Jones industrial average futures were up 0.16 percent at 17,962, S&P 500 futures were up 0.15 percent at 2,113.5 and Nasdaq 100 futures were up 0.19 percent at 4,523.
** VERIFONE SYSTEMS INC, Tuesday close $28.23, -29.61 pct premarket
The credit card swipe machine maker said it intends to reduce headcount and conduct strategic review to address underperforming businesses. The company also posted a lower-than-expected second quarter earnings and cut full-year adjusted earnings and revenue guidance.
** FLEXION THERAPEUTICS INC, Tuesday close $16.09, -11.68 pct premarket
The specialty pharma company announced a follow-on offering of $60 million of common stock on Tuesday. Bookrunners Wells Fargo, Royal Bank of Canada and Bank of Montreal are marketing shares in the range of $13.75-$14.25, at a discount of 11.4-14.5 percent to the stock’s last sale.
** LULULEMON ATHLETICA INC, Tuesday close $68.14, +0.68 pct premarket
The Canadian yoga-wear maker’s quarterly profit narrowly missed analysts’ estimate due to higher costs, a week after its founder Chip Wilson criticized the company’s leadership for failing to keep up with market trends.
** LENDINGCLUB CORP, Tuesday close $4.39, +6.83 pct premarket
Ousted LendingClub CEO and co-founder Renaud Laplanche has been speaking to private equity firms and banks about financing a potential buyout of the online lender, according to people familiar with the matter.
** SKULLCANDY INC, Tuesday close $3.93, +18.32 pct premarket
Ptarmagin LLC, a firm associated with the audio product maker’s founder Rick Alden, disclosed a 12.7 percent stake in the company. Alden may look to take the company private according to a filing.
** POLYCOM INC, Tuesday close $11.96, +2.42 pct premarket
The video conferencing equipment maker, which has agreed to be bought by Canada’s Mitel Networks Corp, said it had received a revised buyout offer from a private equity firm.
** GEVO INC, Tuesday close $0.6033, +80.67 pct premarket
Alaska Airlines said 2 of its aircraft flew using the chemical and biofuel maker’s jet fuel made from sustainable U.S. corn. Alaska estimates 20 percent biofuel blend it is using for two flights will reduce greenhouse gas emissions by an estimated 50 percent.
** HYDROGENICS CORP, Tuesday close $7.49, +0.53 pct premarket
The Canadian fuel-cell maker signed an agreement for $13.5 million with SinoHytec, a Beijing-based vehicle propulsion technology company, for delivery of fuel cells in China.
** SEARS CANADA INC, Tuesday close $3.02
The Canadian department store operator reported a bigger quarterly loss, and said it would cut more costs this year, as the company struggles with declining sales.
** TESLA MOTORS, Tuesday close $232.34, +0.53 pct premarket
The electric car maker is working exclusively with Panasonic Corp to supply batteries for the Model 3, its first mass-market car, the U.S. automaker’s chief executive said on Wednesday.
** MONSANTO CO, Tuesday close $107.4
The U.S. seeds company is developing plans to prevent a new variety of biotech U.S. soybeans from entering European markets where they are not approved, leaders of two agricultural trade groups said, in a sign of the growing impact of regulatory delays on the world’s largest seed maker.
** WAL-MART STORES INC, Tuesday close $71.03, -0.31 pct premarket
China’s Ministry of Commerce has removed restrictions on the world’s largest retailer’s deal in 2012 to raise its stake in online supermarket Yihaodian, and said the move would not impact the already competitive market.
** OXFORD INDUSTRIES INC, Tuesday close $65.13, -7.86 pct premarket
The apparel retailer reported lower-than-expected first-quarter sales and profit, hurt by lower demand for the Tommy Bahama brand, its biggest business. The company also cut its 2016 adjusted profit forecast.
** DAVE & BUSTER‘S ENTERTAINMENT INC, Tuesday close $41.86, +7.14 pct premarket
The restaurant and arcade chain operator reported better-than-expected first-quarter same-store sales, helped by a 4 percent increase in walk-in sales. The company also raised full-year 2016 sales guidance, beating analyst estimates.
** BLACKSTONE GROUP LP, Tuesday close $26.72
The private equity firm is in advanced discussions to acquire Acrisure LLC, in a deal that could value the U.S. insurance brokerage at well over $2 billion, including debt, according to people familiar with the matter.
** APPLE INC, Tuesday close $99.03, +0.17 pct premarket
The iPhone maker has raised $1.38 billion in its first bond sale in Taiwan, almost 40 percent more than initially expected on an island that is home to the U.S. technology firm’s vast supply chain.
** AMAZON INC, Tuesday close $723.74, +0.35 pct premarket
Amazon Chief Executive Jeff Bezos said on Tuesday the world’s No.1 ecommerce company would invest an additional $3 billion in India, boosting its committed investment in the country to over $5 billion. (Compiled by Sruthi Shankar in Bengaluru; Editing by Maju Samuel)