January 13, 2014 / 12:52 PM / 4 years ago

MARKET PULSE-Alnylam, Beam, Lululemon, GM, bank stocks, JinkoSolar

(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)

Jan 13 - U.S. stock index futures declined on Monday as investors prepared to assess a quarterly earnings season that will pick up steam this week. Dow Jones industrial average futures were down 0.05 percent at 16,372, S&P 500 futures were down 0.20 percent at 1,834 and Nasdaq 100 futures were down 0.35 percent at 3,549.

** ALNYLAM PHARMACEUTICALS INC, Friday close $66.21, +29.89 pct premarket

French drugmaker Sanofi will buy a 12 percent stake in Alnylam Pharmaceuticals for $700 million and deepen their partnership to develop drugs for rare genetic diseases.

** BEAM INC, Friday close $66.97, +24.76 pct premarket

Suntory Holdings Ltd said it plans to buy Beam for $16 billion, including debt, making the Japanese company the world’s third-largest maker of distilled drinks. Beam’s brands include Jim Beam, Maker’s Mark, Sauza, Canadian Club and Courvoisier.

** LULULEMON ATHLETICA INC, Friday close $59.6, -13.17 pct premarket

The upscale yogawear retailer cut its forecast for the fourth quarter due to weak sales in January. The company expects net revenue to range between $513 million and $518 million for the quarter ending Feb. 2, down from $535 million to $540 million earlier.

** CITIGROUP INC, Friday close $54.72, -0.07 pct premarket

** JPMORGAN CHASE & CO, Friday close $58.49, +0.77 pct premarket

** WELLS FARGO & CO, Friday close $45.94

** BANK OF AMERICA CORP, Friday close $16.77, +0.30 pct premarket

Global banking regulators agreed on Sunday to ease the way a new rule, meant to rein in risky balance sheets from 2018, is compiled to try to avoid crimping financing for the world’s economy.

** UBS AG, Friday close $20.28, +1.82 pct premarket

UBS is not considering spinning off its investment bank, its chief executive Sergio Ermotti said on Monday, rebuffing speculation last week it may consider such a move to quieten demands for it to put aside more capital.

** SCRIPPS NETWORKS INTERACTIVE INC, Friday close $82.01, -2.45 pct premarket


Discovery Communications and Scripps Networks abandoned talks for a merger last week, the Wall Street Journal reported, quoting people familiar with the matter. The discussions did not go beyond the early, exploratory stage and Discovery had not made a formal offer for Scripps, the newspaper reported.

** MEN‘S WEARHOUSE INC, Friday close $51.08

** JOS. A. BANK CLOTHIERS INC, Friday close $56.01

Men’s Wearhouse’s largest shareholder, Eminence Capital LLC, plans to support the retailer’s $1.61 billion offer for rival Jos. A. Bank, the Wall Street Journal reported, quoting people familiar with the matter.

** TARGET CORP, Friday close $62.62, +0.21 pct premarket

The retailer plans to make “significant changes” in light of the data breach over the holiday shopping season when hackers stole personal information of millions of customers, the U.S. retailer’s chief executive said in an interview to CNBC.

** BLACKROCK INC, Friday close $314.94

BlackRock said on Friday that Italy’s market regulator has started civil proceedings against one of its fund managers alleging that he used inside information to sell shares in Saipem just before the oil services firm issued a profit warning in 2013.

** GENERAL MOTORS CO, Friday close $40.03, +0.10 pct premarket

General Motors Co’s chief financial officer said on Sunday that the U.S. automaker is close to reintroducing a common stock dividend, but he declined to provide any details on timing.

** ACE Ltd, Friday close $98.67

Ace has agreed to buy a 60.9 percent stake in Thailand’s Siam Commercial Samaggi Insurance PCL for about $185 million as foreign insurers step up their presence in underdeveloped Southeast Asian insurance markets.

** BON-TON STORES INC, Friday close $15.5, -17.23 pct after market

The department store operator said on Friday it could report a loss for the full year as extreme cold weather in parts of the United States led to a slowdown in sales in December.

** LEUCADIA NATIONAL CORP, Friday close $15.5, -5.57 pct after market

A former Jefferies Group Inc managing director accused of cheating clients and the government on mortgage securities after the 2008 financial crisis failed to persuade a federal judge to keep jurors from being told that “taxpayers” were victims of his alleged fraud. Jefferies is now part of Leucadia National. Neither company was charged.

** FOSTER WHEELER AG, Friday close $31.46

British engineering firm Amec said it had provisionally agreed to buy Foster Wheeler in a cash and share deal that values the Swiss-based engineer at 1.9 billion pounds ($3.13 billion).


The drug maker said its Chief Executive would leave and it would cut its workforce by about 45 percent, as it moves its focus away from drug discovery to completing the studies of its drugs in late-stage development.

** JINKOSOLAR HOLDING CO LTD, Friday close $35.41, +2.51 pct premarket

The Chinese solar company said it would explore options for its solar power plant business, including a spinoff or a deal. JinkoSolar’s project business is expected to exceed 500 megawatt of installed capacity by the end of 2014.

** LEGG MASON INC, Friday close $43.85

The asset manager said it estimated earnings of between $79 million and $83 million for the quarter ending Dec. 31, above the average analyst estimate.

** ACCENTURE PLC, Friday close $83.2

** CGI GROUP , Friday close $31.58

Accenture has been chosen to replace CGI Federal as the lead contractor for the Obamacare enrollment website, which failed to work when it launched in October for millions of Americans shopping for health insurance, the U.S. Centers for Medicare and Medicaid Services said on Saturday. CGI Federal, a subsidiary of CGI Group, built the website, HealthCare.gov, which was plagued by error messages and slow speeds for weeks after the launch. The glitches created a political crisis for President Barack Obama, threatening the roll-out of his signature healthcare law and emboldening Republican foes to call for its repeal.

** WALT DISNEY CO, Friday close $75.39

** COMCAST CORP, Friday close $53.54

** TWENTY-FIRST CENTURY FOX INC, Friday close $33.46

The U.S. Supreme Court on Friday agreed to hear a closely watched appeal filed by the four major broadcasters against an online television service, Aereo Inc, backed by media mogul Barry Diller that they claim steals copyright TV content. Walt Disney’s ABC network, CBS Broadcasting Inc, Comcast Corp’s CMCSA.O NBCUniversal and Twenty-First Century Fox appealed a decision by the 2nd U.S. Circuit Court of Appeals in April that denied their request to shut Aereo down while litigation moves forward. (Compiled by Varun Aggarwal in Bangalore; Edited by Don Sebastian)

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