March 20, 2014 / 12:17 PM / in 4 years

MARKET PULSE-Lennar, BP, Guess, Exone, Hanwha, Agenus, Herman Miller

(For more market insights, including options activity, click on ; for the Day Ahead newsletter; for the Morning News Call newsletter, U.S. stocks fell on Wednesday after comments from Federal Reserve Chair Janet Yellen raised the possibility of an earlier- than-anticipated increase in interest rates. Dow Jones industrial average futures were down 0.22 percent at 16,103, S&P 500 futures were down 0.19 percent at 1,848.7 and Nasdaq 100 futures were down 0.20 percent at 3,666.75.

** LENNAR CORP, Wednesday close $41.34, +1.89 pct premarket

The second-largest U.S. homebuilder by revenue reported a 36 percent jump in quarterly profit as it sold more homes at higher prices but said it was too soon to predict the strength of the spring selling season.

** HERMAN MILLER INC, Wednesday close $28.71, +5.54 pct after market

The office furniture maker on Wednesday forecast current-quarter profit above average analysts’ estimates as demand improved in EMEA and Asia.

** TRINA SOLAR LTD, Wednesday close $16.54, +0.42 pct premarket

The solar power company adjusted its fourth-quarter profit to 21 cents per American Depositary Share (ADS) from the 13 cents it reported earlier this month after receiving $20.4 million from an unnamed customer in an arbitration settlement.

** SUNEDISON INC, Wednesday close $20.68, +3.43 pct premarket

The company, which is spinning of its semiconductor division to focus on its solar power business, said Samsung Fine Chemicals would purchase $100 million of its semiconductor unit’s shares in an initial public offering.

SunEdison also said it would buy a 35 percent stake in a polysilicon joint-venture from its partner Samsung Fine Chemicals and transfer the shares to the semiconductor unit. Samsung Fine Chemicals will retain 15 percent of the venture.

** HANWHA SOLARONE CO LTD, Wednesday close $3.785, +4.10 pct premarket

The China-based solar panel maker said it signed a deal with Wuxi New District Administrative Committee to develop solar panels. The company will operate 100 megawatts of solar panels in Wuxi New District, China.

** STARBUCKS CORP, Wednesday close $75.91, -0.14 pct premarket

The coffee chain is wrestling with higher costs for milk and coffee, the two ingredients in its popular lattes, but that does not mean its customers are going to pay more.

** GENERAL MOTORS CO, Wednesday close $34.91, +0.03 pct after market

** TOYOTA MOTOR CORP, Wednesday close $108.68, +0.29 pct after market

Toyota Motor Corp will pay a record $1.2 billion to resolve a criminal probe into safety issues, in a deal that could serve as a template for how U.S. authorities approach a similar investigation into General Motors.

** GLAXOSMITHKLINE PLC, Wednesday close $54.71, -1.88 pct premarket

** AGENUS INC, Wednesday close $4.3, -12.77 pct premarket

An experimental cancer vaccine from GlaxoSmithKline, which uses Agenus’ technology, failed a late-stage study in patients with non-small cell lung cancer.

GSK’s vaccine, which contains Agenus’ QS-21 Stimulon booster, also failed to help melanoma patients in another study last September.

** HEWLETT-PACKARD CO, Wednesday close $31.62, +0.09 pct premarket

The PC maker will outline plans to enter the commercial 3D-printing market in June, saying it has solved a number of technical problems that have hindered broader adoption of the high-tech manufacturing process.

** MICROSOFT CORP, Wednesday close $39.27, -0.15 pct premarket

A former employee of Microsoft Corp is facing criminal charges after he allegedly passed trade secrets to a blogger in France, U.S. court documents showed.

** GUESS INC, Wednesday close $28.76, -5.94 pct premarket

Apparel maker Guess forecast a surprise loss for the current quarter, citing weak traffic at its stores in North America and pressure in its wholesale business in Europe.

** JPMorgan Chase & Co, Wednesday close $58.3, +0.22 pct premarket

JPMorgan is selling its physical commodities business to Mercuria for $3.5 billion, the U.S. bank said on Wednesday, sweeping the fast-growing Swiss trading house into the top league of commodities traders.

** BP PLC, Wednesday close $47.32, -1.94 pct premarket

The oil company rejoined bidders for exploration and production leases in the Gulf of Mexico on Wednesday and won 24 tracts after the U.S. government lifted a 16-month ban barring the company from new federal contracts.

** BANK OF AMERICA CORP, Wednesday close $17.44, -0.17 pct premarket

Bank of America Corp is laying off workers at its global trading and investment banking divisions, Bloomberg reported quoting three people with direct knowledge of the decision.

** JABIL CIRCUIT INC, Wednesday close $18.26, +0.99 pct premarket

Jabil Circuit forecast 2015 core earnings above Wall Street estimates as the struggling contract electronics maker expects to recover from the loss of its business with BlackBerry Ltd .

** EXONE CO, Wednesday close $43.75, -10.29 pct premarket

The 3D printer maker reported a surprise quarterly loss as it sold fewer high-margin printers and the company forecast 2014 revenue below analysts’ estimates. [ID;nL3N0MG4XT]

** IHS Inc, Wednesday close $120.77

The business research and information firm reported better-than-expected first-quarter results, helped by contract wins in its non-subscription businesses. (Reporting by Shubhankar Chakravorty in Bangalore; Editing by Joyjeet Das)

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