(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 were slightly lower on Monday. Dow Jones industrial average futures were down 0.18 percent at 15,952, S&P 500 futures were up 0.09 percent at 1,813.3 and Nasdaq 100 futures were unchanged at 3,444.
** LEXICON PHARMACEUTICALS INC, Friday close $1.59, +25.79 pct premarket
The company said its experimental drug to treat diabetes met the main goal of reducing the use of insulin at meal times in a mid-stage study on patients with type 1 diabetes.
** TRINA SOLAR LTD, Friday close $11.56, -5.02 pct premarket
The Chinese solar company estimated it shipped lower-than-expected solar modules in the first quarter due to a fall in shipments to the EU ahead of an agreement on a new minimum import price.
** WELLS FARGO & CO, Friday close $48.08
The biggest U.S. mortgage lender reported a higher-than-expected 14 percent rise in first-quarter net profit, as a series of cost cuts and one-time gains helped the bank offset the lowest volume of home loans it made in five and a half years. [ID: nL2N0N30PA]
UBS Investment Research raised the target price on the stock to $50 from $46.50, while Barclays Capital raised its target price to $57 from $52.
Rating agency Fitch said it views the bank’s first quarter earnings “favorably” and “as consistent with WFC’s credit profile, with ratings that remain among the highest in the world.”
** CITIGROUP INC, Friday close $45.68, -0.50 pct premarket
The bank is scheduled to report first-quarter results. CEO Mike Corbat will face a barrage of questions on a conference call with analysts about why the company last month failed to win approval from the Federal Reserve of its plan to spend additional capital buying back stock and paying higher dividends. The company has to pare down its capital to reach a key performance target.
** BLACKBERRY LTD, Friday close $7.28, -1.92 pct premarket
The smartphone maker said it plans to release security updates for messaging software for Android and iOS devices by Friday to address vulnerabilities in programs related to the “Heartbleed” security threat.
** DARDEN RESTAURANTS INC, Friday close $48.46
A group of shareholders has sued the company, accusing it of changing corporate bylaws to try to block investors’ right to vote on a plan to sell or spin off its Red Lobster dining chain, the Wall Street Journal reported on Saturday.
** ALLERGAN INC, Friday close $120.89
** JOHNSON & JOHNSON, Friday close $96.87, -0.38 pct premarket
Johnson & Johnson said on Friday it was ending its efforts to bring to market a rival drug to Allergan’s popular Botox anti-wrinkle treatment.
** HERBALIFE LTD, Friday close $51.48, +3.55 pct premarket
The U.S. FBI is probing the nutrition and weight loss company that hedge fund manager William Ackman has called a pyramid scheme, sources familiar with the investigation said on Friday.
** VORNADO REALTY TRUST, Friday close $98.15, +0.5 pct aftermarket
The owner of office buildings and retail properties chiefly in New York and Washington, said it would spin off its shopping center business into a publicly traded real estate investment trust.
** PHILIP MORRIS INTERNATIONAL, Friday close $83.14
South Korea’s state health insurer is seeking an initial 53.7 billion won ($51.9 million) from three tobacco companies, including the local units of Philip Morris International and British American Tobacco, to offset treatment costs for diseases linked to smoking.
** PHILLIPS 66, Friday close $76.75, -0.59 pct premarket
The U.S. independent refiner has pulled the sale of its Irish refinery after receiving limited interest since putting it on the block last year, Chief Executive Greg Garland was quoted as saying on Sunday.