(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 trimmed losses after home prices data on Tuesday. Dow Jones industrial average futures were up 0.02 percent at 16,189, S&P 500 futures were down 0.04 percent at 1,845.2 and Nasdaq 100 futures were up 0.01 percent at 3,688.5.
** LINKEDIN CORP, Monday close $199.59, +3.71 pct premarket
The professional social networking website launched a Chinese language version of its website on Monday, a move that could jumpstart its expansion into the world’s largest Internet market by users even as the company acknowledged it will have to police what some of them say on its website.
** BLACKBERRY LTD, Monday close $9.83, +6.10 pct premarket
The handset maker unveiled a cheaper smartphone as it tries to stem losses in emerging economies where customers are gravitating toward devices powered by Google’s Android operating system.
BlackBerry also plans to launch a new tool for business and government customers to manage mobile devices on their networks, part of a drive by the smartphone pioneer to focus on its profitable enterprise or services business.
** GOOGLE INC, Monday close $1,212.51, +0.32 pct premarket
Google is lobbying officials in at least three U.S. states to stop proposed restrictions on driving with headsets such as Google Glass, marking some of the first clashes over the nascent wearable technology. Some eight U.S. states are considering regulation of Google Glass, a tiny computer screen mounted in the corner of an eyeglass frame. Law enforcement and other groups are concerned that drivers wearing the devices will pay more attention to their email than the road, causing serious accidents.
** JPMORGAN CHASE & CO, Monday close $58.03, +0.47 pct premarket
The largest U.S. bank is reducing both its profit target and headcount in 2014, according to a Tuesday presentation. The bank trimmed its profit target to a range of 15 percent to 16 percent return on tangible common equity, down from 16 percent. JPMorgan also said it expected total headcount to fall by 5,000 to 260,000 in 2014.
** T-MOBILE US INC, Monday close $32.31, -0.62 pct premarket
The No.4 U.S. mobile services company reported a bigger quarterly net loss, hurt by increased spending on promotions, and forecast higher capital spending for 2014.
T-Mobile said it raised its 2014 capital spending to between $4.3 billion and $4.6 billion, from $4.2 billion last year, to upgrade its network.
** PERRY ELLIS INTERNATIONAL INC, Monday close $15.68, -18.11 pct premarket
The clothing retailer said on Monday it expects a fall in quarterly revenue, hurt by severe cold conditions and weak consumer spending across its distribution channels, and forecast lower-than-expected 2015 revenue.
** REALPAGE INC, Monday close $20.72, -25.19 pct premarket
The software maker reported a lower fourth-quarter profit on Monday, hurt by higher operating costs, prompting at least two brokerages to cut their price targets on the company’s stock.
** OFFICE DEPOT INC, Monday close $5.35, -14.77 pct premarket
** STAPLES INC, Monday close $13.39, -2.91 pct premarket
The office supply retailer reported a surprise quarterly loss as same-store retail sales fell 4 percent in North America, sending its shares reeling. [ID:L3N0LU3A4}
Shares of rival Staples also fell in premarket trading.
** AIXTRON, Monday close $16.85, -7.77 pct premarket
Germany’s Aixtron disappointed investor hopes for a return to operating profit this year as demand for its LED chip-making equipment remained weak. It expects 2014 revenue to remain flat compared to 2013’s 182.9 million euros ($251 million), while its operating result will improve but remain in the red.
** XOMA CORP, Monday close $8.85, +6.21 pct premarket
The company’s experimental drug for treating a type of painful skin ulcers was granted an orphan drug status by the U.S. Food & Drug Administration, ensuring the drug marketing exclusivity of seven years in the United States. The designation is granted by the FDA to drugs or biologics that treat a condition affecting less than 200,000 Americans.
** ZULILY INC, Monday close $42.84, +12.04 pct premarket
The Seattle-based company, which sells discounted apparel for moms and kids on its flash deal website, reported better-than-expected fourth-quarter results in its first earnings report since going public in November, and forecast first-quarter revenue above analysts’ average estimates.
** APOLLO INVESTMENT CORP, Monday close $9.15, -5.57 pct premarket
The business development company announced a common stock offering of 12 million shares on Monday and said it would use the proceeds from the offering to repay debt. The company has about 224.75 million outstanding shares.
** WESTERN UNION CO, Monday close $16.35, -1.16 pct premarket
The money-transfer company is being probed by the Federal Trade Commission and a U.S. district court over fraud-induced money transfers, the company said in a regulatory filing on Monday.
** BIOCRYST PHARMACEUTICALS INC, Monday close $11.61, +6.37 pct premarket
The company said the U.S. Food and Drug Administration accepted the marketing application for its influenza drug. The FDA is expected to announce its decision on the drug by Dec. 23.
** MACY‘S INC, Monday close $53.06, -0.26 pct premarket
The department store chain on Tuesday said sales in its new fiscal year were off to a slow start, coming on the heels of a dip in January. The company said comparable sales, which include those online and at stores open at least a year, rose 1.4 percent in the fourth quarter ended Feb. 1 as the decline in January partly offset a strong holiday season for the Macy’s chain.
** HOME DEPOT INC, Monday close $77.87, +2.04 pct premarket
The world’s largest home improvement chain reported a higher-than-expected quarterly profit on Tuesday as it kept a tight lid on costs to offset weak sales. Some Wall Street analysts said the retailer held up pretty well in a quarter plagued by inclement weather in its key U.S. market and weakness in the Canadian currency.
** TOLL BROTHERS INC, Monday close $38.34, -0.89 pct premarket
The largest U.S. luxury homebuilder, reported a 52 percent jump in quarterly revenue as it sold more houses at higher prices in a recovering housing market.
** DOMINO‘S PIZZA INC, Monday close $74.69, +3.09 pct premarket
The second-largest U.S. pizza chain reported a 5 percent rise in quarterly revenue as new menu items helped boost sales around the world. Sales in the United States, Domino’s biggest market, rose 4.8 percent as new products such as handmade pan pizzas and chicken tacos drew customers.
** ELI LILLY AND CO, Monday close $58.03, +0.47 pct premarket
An experimental once-weekly medicine for type 2 diabetes developed by the drugmaker proved as effective in lowering blood sugar as Victoza from Danish drugmaker Novo Nordisk in a late-stage study. The Lilly drug, dulaglutide, achieved the primary goal of the 599-patient study by demonstrating so-called non-inferiority to the highest approved dose of Victoza after 26 weeks.
** INTERMUNE INC, Monday close $13.96
The drug maker said experimental drug, in a late-stage trial, reduced the progression of a disease that leads to loss of lung function, taking the treatment closer to U.S. marketing approval. The drug, pirfenidone, was rejected by the U.S. Food and Drug Administration in May 2010, citing lack of data to prove its efficacy in treating idiopathic pulmonary fibrosis (IPF), a potentially fatal lung disease.
** SPECTRANETICS CORP, Monday close $25.52, +1.96 pct premarket
The medical device maker said its laser procedure for the treatment of in-stent restenosis, a condition in which the coronary artery narrows again after using a stent, met its goal in a trial. The procedure was evaluated in combination with a procedure to open up blocked arteries in patients suffering from peripheral artery disease. Spectranetics said it would submit its marketing application for its laser atherectomy with the U.S. FDA in the next 45 days.
Canaccord Genuity, which raised its price target on the stock to $32 from $30, said the trial’s success gives Spectranetics “a map that more definitively illuminates the path to the end of the ISR (in-stent restenosis) rainbow.”
** BHP BILLITON LTD, Monday close $70.82, -0.56 pct premarket
The top global miner said it would indefinitely suspend production at its Yarrie iron ore mine in Western Australia, part of its smallest iron ore operation, in its drive to cut costs. BHP, on track to achieve $5.5 billion in savings this year, confirmed an earlier announcement by contractor Macmahon Holdings MAH.AX that BHP would take over running its Orebody 18, the last iron ore site still run by a contractor, by the end of June.
** SEADRILL LTD, Monday close $37.68, -4.99 pct premarket
The world’s biggest offshore driller by market capitalisation, reported fourth-quarter operating earnings broadly in line with forecasts and warned of a slowdown in the drilling market.
** SOLARCITY CORP, Monday close $78.55, -2.29 pct premarket
The largest residential solar installer in the United States said on Monday it expected to install fewer panels in a seasonally weak first quarter due to cold weather.
** SUNEDISON INC, Monday close $16.79, -0.54 pct premarket
The company expects first-quarter adjusted sales in its solar energy business to dip by half from the fourth quarter , as part of a strategy to drive long-term profits by keeping solar power plants rather than selling them like it usually does. Adjusted sales in the business are expected to be 85 megawatts (MW) to 105 MW, down from 206 MW it sold in the fourth-quarter ended Dec. 31, the company said ahead of its capital markets day for investors and analysts on Tuesday. Solar power project completions are likely to fall in the first quarter, but could almost double to 900 MW-1150 MW the whole of this year.
** EXTERRAN HOLDINGS INC, Monday close $36.5, +2.00 pct premarket
The company, which provides natural gas-compression services and oilfield equipment, initiated a quarterly dividend of 15 cents per share and reported a better-than-expected profit for the fourth quarter ended Dec. 31, helped by higher demand for energy infrastructure in the United States and abroad.
** MINERALS TECHNOLOGIES INC, Monday close $52.57
** AMCOL INTERNATIONAL CORP, Monday close $45.48
Mineral Technologies on Monday raised its offer to buy Amcol International to about $1.38 billion. The offer of $42.50 per share represents a 7 percent discount to Amcol’s Monday close. Minerals Technologies had offered to buy Amcol for $42 per share on Feb. 14, topping an offer of $41 per share from France’s Imerys.
** 8X8 INC, Monday close $9.92, +2.82 pct premarket
** PROSPECT CAPITAL CORP, Monday close $11.37, -1.58 pct premarket
S&P Dow Jones Indices said on Monday internet telephone company 8X8 would replace Prospect Capital in the S&P SmallCap 600.
** INTEROIL CORP, Monday close $56.96, +4.92 pct premarket
Oil Search Ltd said it was close to sealing a significant acquisition, sparking speculation it had reached a deal to buy into rival InterOil’s gas fields in Papua New Guinea. Oil Search, Papua New Guinea’s biggest oil firm, had said it was in talks to buy into the Elk and Antelope fields, which French oil giant Total SA acquired a stake in last December.
SUNTRUST BANKS INC, Monday close $37.59
The bank said it may attract “substantial penalties” from on an ongoing mortgage-related probe and also disclosed a new investigation by the Department of Justice, according to a regulatory filing late Monday.
** TARGET CORP, Monday close $56.14, +0.04 pct premarket
Several analysts expect the retailer to slash its share buybacks as the third-largest U.S. retailer copes with costs tied to the massive data breach that affected millions of customers. Target had originally planned to buy back up to $4 billion of shares this year, but analysts do not expect it to achieve that goal as it sets aside money to deal with the data breach and try not to borrow more so it can maintain its credit rating.
** TENET HEALTHCARE CORP, Monday close $48.33, -3.66 pct premarket
The healthcare company on Monday posted a fourth-quarter net loss on Monday due to costs primarily for financing its acquisition of smaller hospital chain Vanguard Health Systems.
** EOG RESOURCES INC, Monday close $180.4, +1.36 pct premarket
The company reported a better-than-expected fourth-quarter profit on Monday as the U.S. oil and natural gas company pumped more crude oil from fields such as the Eagle Ford in Texas.
** SINA CORP, Monday close $76.08, -5.23 pct premarket
The online media company’s revenue soared 43 percent in the fourth quarter as its Weibo messaging service more than doubled advertising sales despite strong competition from Tencent Holdings Ltd’s WeChat. Sina Weibo has hired investment banks for a $500 million U.S. IPO later this year, a source told Reuters on Monday.
** YINGLI GREEN ENERGY HOLDING CO LTD, Monday close $6.14, +1.30 pct premarket
The photovoltaic product maker said it would supply 54 MW of solar modules to seven projects in the UK developed by a privately held green energy producer, Grid Essence UK Ltd.
** XPO LOGISTICS INC, Monday close $27.69, +4.73 pct premarket
The company’s quarterly revenue more than doubled as it placed more freight with other carriers and shipped a higher number of quick delivery packages.
** COSAN SA, Monday close $12.15, +0.91 pct premarket
The Brazilian sugar and ethanol firm proposed on Monday to take over America Latina Logistica SA in a $4.7 billion deal that would form Latin America’s largest railway and logistics company.
** VISTEON CORP, Monday close $85.61, +0.81 pct premarket
The auto parts maker on Tuesday posted a stronger-than-expected quarterly profit and reaffirmed its 2014 financial projections. Net income surged to $513 million, or $10.32 a share, in the fourth quarter, compared with $39 million, or 74 cents a share, in the year earlier period.
** RIO TINTO, Monday close $58.75, -2.23 pct premarket
said it has suspended bauxite mining at its Gove operations in Australia on Tuesday following the death of a worker, who was fatally injured while performing maintenance work. (Compiled by Shailaja Sharma in Bangalore, Editing by Don Sebastian)