December 26, 2013 / 2:47 PM / 4 years ago

MARKET PULSE-Eagle Rock, BlackBerry, Sprint, Oramed, Gold Resource

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U.S. stocks opened slightly higher on Thursday, putting the Dow on track for a sixth straight day of gains, although trading was expected to be light following the Christmas holiday. The Dow Jones industrial average was up 0.37 percent at 16,418.1, the S&P 500 was up 0.26 percent at 1,838.06 and the Nasdaq Composite was up 0.24 percent at 4,165.473.

** T-MOBILE US INC, $32.63, +1.37 pct

** SPRINT CORP, $9.96, +3.11 pct

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.

** BLACKBERRY LTD, $7.6, -1.68 pct

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.

** ORAMED PHARMACEUTICALS INC, $12.055, -19.63 pct

The Israeli developer of oral drug delivery systems said on Wednesday that it had agreed to sell 1.58 million shares of its common stock at $10 per share in a registered direct offering. The offering price is at a discount of 33 percent to the stock’s close on Tuesday.

** EAGLE ROCK ENERGY PARTNERS, $6.64, +4.57 pct

Shares of the company, which transports natural gas and associated liquids, rose for the third day after it said on Monday that it would sell pipeline assets in Texas Panhandle for $1.3 billion to Regency Energy Partners LP.

Analysts at Wells Fargo raised their rating on Eagle Rock’s stock on Tuesday to “outperform” from “market perform,” according to

** THE BLACKSTONE GROUP, $31.32, +1.00 pct

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).

** GOLD RESOURCE CORP, $4.88, +0.41 pct

The Mexican gold and silver producer reduced its monthly dividend to 1 cent per share from 3 cents per share, citing weak precious metal prices, recent tax imposition on precious metal producers in Mexico and the company’s cash saving strategies.

** EXXON MOBIL CORP, $99.74, +0.52 pct

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. (Compiled by Mridhula Raghavan in Bangalore; Edited by Kirti Pandey)

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