December 26, 2013 / 12:32 PM / 4 years ago

MARKET PULSE-BlackBerry, T-Mobile, BP, Target, UPS, Comcast

(For more market insights, including options activity, click on ; for the Day Ahead newsletter; for the Morning News Call newsletter, U.S. stock index futures were up on Thursday. The Dow Jones industrial average futures were up 0.38 percent at 16,365, S&P 500 futures were up 0.15 percent at 1,831.9 and Nasdaq 100 futures were up 0.18 percent at 3,576.

** BLACKBERRY LTD, Tuesday close $7.73, -0.39 pct premarket

The smartphone maker’s co-founder Mike Lazaridis cut his stake in the company on Tuesday to 4.99 percent from 8 percent, and said that a group, which included Lazaridis, walked away from exploring a bid for the troubled company.

** T-MOBILE US INC, Tuesday close $32.19, +4.07 pct premarket

** SPRINT CORP, Tuesday close $9.66

Japan’s SoftBank Corp is in talks to acquire U.S. wireless carrier T-Mobile US and is discussing funding for a deal with financial institutions, sources close to the matter said on Wednesday. SoftBank is looking to have its recently acquired U.S. unit Sprint take a majority stake in T-Mobile from the latter’s parent Deutsche Telekom AG in the financial year starting April, one of the sources added.

** THE BLACKSTONE GROUP, Tuesday close $31.01

Singapore’s sovereign wealth fund GIC was named as British Land’s new partner in London’s Broadgate office and retail complex on Tuesday, buying out U.S. private equity group Blackstone for around 1.7 billion pounds ($2.8 billion).

** UNITED PARCEL SERVICES INC, Tuesday close $104.46

A high volume of holiday packages overwhelmed shipping and logistics company UPS, the company said on Wednesday, delaying the arrival of Christmas presents around the globe and sending angry consumers to social media to vent.

** APPLE INC, Tuesday close $567.67

Taiwan’s Fair Trade Commission fined the company $666,700 for restricting the prices charged by local telecom carriers for their iPhone contracts, the first time Apple has been fined for such practices.

** RANGE RESOURCES CORP, Tuesday close $83.43

The U.S. Environmental Protection Agency was criticized in an internal report for dropping charges that the company was polluting drinking water while “fracking” for natural gas.

** TARGET CORP, Tuesday close $61.71

The hackers who attacked the retailer and compromised up to 40 million credit cards and debit cards also managed to steal encrypted personal identification numbers (PINs), according to a senior payments executive familiar with the situation.

** COMCAST CORP, Tuesday close $51.28

The company’s Universal Pictures movie studio has taken unspecified write-downs for its $175 million, Keanu Reeves film “47 Ronin”, the studio has acknowledged, as Hollywood neared the end of a year of big budget bombs.

** EXXON MOBIL CORP, Tuesday close $99.22

Imperial Oil Ltd, 69.6-percent owned by Exxon Mobil, has upped its cost estimate for the Mackenzie Gas Project in Canada’s far north by about 40 percent because of rising prices for materials and labor, meaning the entire project would cost more than C$20 billion ($18.82 billion) if it goes ahead.

** BP PLC, Tuesday close $47.59, -1.64 pct premarket

The oil company has failed to persuade a federal judge to require businesses seeking to recover money over the 2010 Gulf of Mexico oil spill to provide proof that their economic losses were caused by the disaster.

** AT&T INC, Tuesday close $34.95

** AMERICA MOVIL, Tuesday close $23.08

AT&T sold 250 million shares in Mexican telecoms giant America Movil for $282 million this month, according to a regulatory filing on Tuesday. Between Dec. 3 and Dec. 20, AT&T International, a unit of AT&T, sold some of its series “L” shares of America Movil.

** AMERICAN EXPRESS, Tuesday close $88.69

U.S. regulators fined the company on Tuesday over deceptive and misleading practices in selling credit card add-on products, and forced it to repay a total of $59.5 million to duped customers.

** CITIGROUP INC, Tuesday close $52.43

Exactly four years after suing the bank for allegedly defrauding him into buying music company EMI Group Ltd, British financier Guy Hands said the bank has no grounds now to deprive him of his day in a U.S. court.

** TIME WARNER CABLE INC, Tuesday close $134.04

** VIACOM INC, Tuesday close $85.6

Time Warner Cable said on Tuesday that it had renewed its distribution agreement with Viacom Inc, whose channels include MTV, Comedy Central and Nickelodeon. (Compiled by Mridhula Raghavan in Bangalore; Edited by Kirti Pandey)

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