December 20, 2013 / 12:57 PM / in 4 years

MARKET PULSE-BlackBerry, Nike, Red Hat, Jazz Pharmaceuticals

(For more market insights, including options activity, click on ; for the Day Ahead newsletter link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) U.S. stock index futures were slightly up on Friday. Dow Jones industrial average futures were unchanged, S&P 500 futures were up 0.08 percent at 1,803.5 and Nasdaq 100 futures were up 0.12 percent at 3,497.

** BLACKBERRY LTD, Thursday close $6.25, -6.40 pct premarket

The smartphone maker reported a massive quarterly loss due to an inventory writedown and asset impairment charges, and its shares fell more than 6 percent.

** NIKE INC, Thursday close $78.26, +0.03 pct premarket

The company’s quarterly profit rose as higher margin products made up a bigger share of its sales, and the sportswear maker said global orders for merchandise for delivery by April increased 13 percent.

** TIBCO SOFTWARE, Thursday close $24.48, -10.38 pct premarket

UBS Equities lowered its rating on the business software maker’s stock to “neutral” from “buy,” according to Theflyonthewall.com.

Susquehanna Financial Group cut its price target on Tibco’s stock, citing lower-than-expected revenue from the company’s license business in the fourth quarter and weakness in its European business.

** RED HAT INC, Thursday close $49, +13.47 pct premarket

The world’s largest commercial distributor of the Linux operating system reported third-quarter results above analysts’ estimates, helped by higher growth in billings, and it raised its full-year forecast.

** DEALERTRACK TECHNOLOGIES INC, Thursday close $42.80, +6.50 pct after market

Dealertrack Technologies said it will buy automotive website Dealer.com from private equity firm Apax Partners in a deal valued at about $1 billion.

** JAZZ PHARMACEUTICALS PLC, Thursday close $114.72, +5.91 pct after market

** GENTIUM S.p.A., Thursday close $55.65, +2.37 pct premarket

Ireland-based Jazz Pharmaceuticals said it would buy Italian biotech company Gentium for about $1 billion to get access to its lead product candidate, Defitelio, a drug used for the treatment of a rare liver condition.

** INTERDIGITAL INC, Thursday close $32, -10.94 pct premarket

The U.S. International Trade Commission found that Huawei Technologies, Nokia Corp and ZTE Corp did not infringe cell phone patents owned by wireless research and development company InterDigital. InterDigital had accused the companies of violating seven patents used to make 3G wireless devices.

** JONES GROUP INC, Thursday close $14.13, +4.60 pct premarket

Jones Group said on Thursday it had agreed to be bought by Sycamore Partners for $15 per share, or $1.2 billion, the latest purchase of a fashion company by the private equity firm.

** BIOCRYST PHARMACEUTICALS INC, Thursday close $6.96, +1.44 pct premarket

The company filed an application with the U.S. health regulator to market its experimental drug, Peramivir, for the treatment of acute influenza in adults. Peramivir is already in use in Japan and Korea for the condition, Biocryst said.

“BioCryst is preparing to make peramivir available in the U.S. in time for the 2014-15 influenza season, in the event approval is received in that timeframe,” Chief Executive Jon Stonehouse said in a statement.

** AMTRUST FINANCIAL SERVICES INC, Thursday close $29.51, +5.00 pct after market

One of Amtrust’s directors, Karfunkel Leah, bought 500,000 shares of the company at $30.25 per share, the property and casualty insurer said in a regulatory filing.

** AMARIN CORP PLC, Thursday close $1.59, +22.01 pct premarket

Amarin said the U.S. Food and Drug Administration has informed the company that it would delay a decision on approval of a blood fat-lowering drug for use in a broader patient population.

** MELCO CROWN ENTERTAINMENT, Thursday close $38.30, +2.30 pct after market

The company said its MCE Leisure (Philippines) Corp unit priced an offering of about $340 million of 5 percent senior notes due 2019 at 100 percent of par.

The unit plans to use the proceeds for capital expenditure and to refinance debt.

** LIBERTY MEDIA CORP, Thursday close $143.27

** CHARTER COMMUNICATIONS INC, Thursday close $129.12

** TIME WARNER CABLE INC, Thursday close $133.74

Liberty Media top executives estimate that a merger between Charter Communications and Time Warner Cable could generate roughly $700 million in annual synergies, according to people close to the matter.

** WAL-MART STORES INC, Thursday close $77.24

A final group of claimants has dropped its opposition to a $161 million proposed settlement of personal injury lawsuits tied to plastic gas containers, increasing the likelihood it will receive court approval next month. Wal-Mart Stores Inc WMT.N, which sold the red plastic gas containers once made by Blitz USA, would contribute part of the settlement.

** ASTRAZENECA PLC, Thursday close $58.90

The drug company lost a bid on Thursday to defend its widely used heartburn drug Nexium when an appeals court ruled that a new drug from Hanmi Pharmaceuticals did not infringe on Nexium patents. The U.S. Court of Appeals for the Federal Circuit upheld a lower court’s ruling that Hanmi did not infringe on AstraZeneca’s patent since the South Korean company uses different salts in making its products.

** VERIZON COMMUNICATIONS INC, Thursday close $48.43, +0.37 pct premarket

Verizon Communications vowed to issue semi-annual reports on government requests for customer data, drawing praise from privacy advocates who sought such changes and marking the latest reform to controversial surveillance practices.

** AMERICAN EXPRESS CO, Thursday close $86.41

The company has agreed to let merchants charge extra for transactions paid with the company’s credit and charge cards, in a legal settlement that its proponents said could change consumer spending habits.

** OVERSTOCK.COM INC, Thursday close $29.10

The ecommerce site plans to be the first major United States retailer to accept the digital currency bitcoin, according to a report in the Financial Times. Overstock’s chief executive Patrick Byrne told the FT in an interview that his company could start accepting the currency next year.

** OCWEN FINANCIAL, Thursday close $54.94

U.S. officials ordered the largest nonbank mortgage servicer on Thursday to provide $2 billion in help to underwater borrowers to resolve allegations of misconduct that led to thousands of people losing their homes. Ocwen Financial must reduce loan balances for struggling homeowners and refund $125 million to foreclosed borrowers under an agreement with the U.S. Consumer Financial Protection Bureau and officials from 49 states and the District of Columbia. (Compiled by Neha Dimri in Bangalore; Edited by Kirti Pandey)

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