April 29, 2013 / 11:43 AM / in 5 years

MARKET PULSE-Moody's, Northern Tier, Actavis, Loews, Eaton, Conceptus

(For more market insights, including options activity, click on ; for the Day Ahead newsletter link.reuters.com/mex49s)

April 29 (Reuters) - Some U.S. stocks to watch on Monday:


Index futures pointed to a higher open with the S&P 500 up 0.3 percent, the Dow Jones futures up 0.33 percent and the Nasdaq 100 futures up 0.41 percent at 1131 GMT.

** MOODY‘S CORP, Friday close $55.12, up 3 pct premarket

** MCGRAW-HILL COS INC, Friday close $52, up 2 pct premarket

Moody’s Investors Service and Standard & Poor’s on Friday said they have settled two long-running lawsuits seeking to hold them responsible for misleading investors about the safety of risky debt vehicles that they had rated. The lawsuits had accused Moody‘s, a unit of Moody’s Corp, and S&P, a unit of McGraw-Hill Cos, of negligent misrepresentation over their activities regarding the Cheyne and Rhinebridge structured investment vehicles (SIVs).

** NORTHERN TIER ENERGY LP, Friday close $25.44, up 2 pct after market

The oil refiner and retailer said late on Friday that adjusted earnings before interest, taxes, depreciation and amortization for January-March quarter is expected to be higher, partly because the company sold more refined products.

** ACTAVIS INC, Friday close $100.94, up 3 pct after market

A proposed merger of Valeant Pharmaceuticals International Inc and Actavis was put on hold after the two drugmakers failed to agree on terms of a deal that would have created a healthcare giant with a combined market value of $35 billion, a person familiar with the situation told Reuters on Saturday.

** LOEWS CORP, Friday close $44.44

The hotels, energy and financial services conglomerate reported a 34 percent fall in quarterly profit due to higher impairment charges and a sharp fall in investment income.

** CNA FINANCIAL CORP, Friday close $33.39

The unit of Loews Corp said on Monday operating income rose marginally to $231 million, or 86 cents per share, from $226 million, or 84 cents per share, a year earlier. Analysts expected CNA Financial to earn 71 cents per share, according to Thomson Reuters I/B/E/S.

** EATON CORP PLC, Friday close $58.65

The U.S. manufacturer reported a better-than-expected 28 percent rise in operating profit as its acquisition of Cooper Industries last year propped up sales in its electrical business.

** CONCEPTUS INC, Friday close $25.90

Germany’s Bayer AG has agreed to buy the U.S. contraceptive devices maker for $1.1 billion, aiming to underpin its position as the world’s largest women’s healthcare provider.

** CLEARWIRE CORP, Friday close $3.44

** SPRINT NEXTEL CORP, Friday close $7.12

Aurelius Capital, a big shareholder in U.S. wireless service provider Clearwire, filed a lawsuit against Clearwire directors and Sprint Nextel over Sprint’s December agreement to buy out the portion of Clearwire it does not already own.

** NOVARTIS AG, Friday close $73.03

The U.S. government on Friday announced its second civil fraud lawsuit against the Swiss drugmaker in four days, accusing a unit of the company of paying multimillion-dollar kickbacks to doctors in exchange for prescribing its drugs. (Compiled by Maria Ajit Thomas in Bangalore; Editing by Roshni Menon)

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