May 9, 2014 / 11:39 AM / 4 years ago

MARKET PULSE-Rocket Fuel, Stratasys, Omnicom, Apple, ArcelorMittal

(For more market insights, including options activity, click on ; for the Day Ahead newsletter; for the Morning News Call newsletter, U.S. stock index futures fell on Friday. Dow Jones industrial average futures were down 0.13 percent at 16,489, S&P 500 futures were down 0.20 percent at 1,868.5 and Nasdaq 100 futures were down 0.21 percent at 3,530.

** OMNICOM GROUP INC, Thursday close $66.2

The proposed $35 billion merger between U.S.-based Omnicom and France’s Publicis Groupe SA has been called off as the obstacles to moulding the two rivals into the world’s largest advertising agency proved too much.

** APPLE INC, Thursday close $587.99, -0.01 pct premarket

Apple is close to paying a record $3.2 billion for Beats Electronics, two people with knowledge of the matter said, an expensive foray into music streaming and headphone gear that would mark a departure for the usually cash-conservative iPhone maker.

Separately, the company will unveil the next incarnation of its popular iPhone series in August, one month earlier than industry watchers were generally expecting, Taiwanese media reported on Friday citing unidentified supply-chain sources.

** ROCKET FUEL INC, Thursday close $27.81, -30.42 pct premarket

The company, which provides technology for Web-based video advertising, forecast current-quarter revenue far below analysts’ expectations, sending its shares down 28 percent in extended trade.

** PFIZER INC, Thursday close $29.17, +0.27 pct premarket

The British government needs to be confident that any commitments made by Pfizer in a proposed takeover of AstraZeneca are binding, British Deputy Prime Minister Nick Clegg said.

Separately, the governors of Maryland and Delaware on Thursday sent a letter to the company’s Chief Executive Officer Ian Read “expressing deep concerns” about its bid to acquire London-based AstraZeneca.

** TESLA MOTORS INC, Thursday close $178.59, +0.15 pct premarket

Missouri legislators are considering banning car makers selling direct to the public, in another challenge to Tesla push to bypass car dealers. A ban would make Missouri the fourth state after Texas, Arizona and New Jersey to stop Tesla selling its electric sports cars directly to drivers.

** COMCAST Thursday close $51.1

** TIME WARNER CABLE INC Thursday close $139.24

Lawmakers expressed concern about combining the top two U.S. cable operators at a congressional hearing Thursday to discuss Comcast’s plan to merge with Time Warner Cable.

** NEWS CORP, Thursday close $17.11

The company reported better-than-expected quarterly profit on Thursday as a result of keeping costs in control even though its newspapers still suffered from declines in advertising revenue and subscriptions sales.

** MERCK & CO, Thursday close $54.83

U.S. health regulators on Thursday approved a blood clot preventer developed by Merck for use by patients who have had a heart attack or who suffer from blockages in the arteries of the legs.

** BOSTON SCIENTIFIC CORP, Thursday close $12.8

The medical device maker said it received a subpoena this week from the Department of Health and Human Services seeking information about the performance of some of its implanted defibrillators.

** BANK OF NEW YORK MELLON CORP Thursday close $34.47

Mitsubishi UFJ Financial Group Inc, Japan’s biggest lender, is considering bidding for the corporate trust arm of Bank of New York Mellon, Bloomberg reported citing unidentified people with knowledge of the matter.

** HILTON WORLDWIDE HOLDINGS INC, Thursday close $22.64, +1.55 pct premarket

The company’s quarterly profit nearly quadrupled as increased business and leisure travel drove up occupancy and room rates.

** STRATASYS LTD, Thursday close $94.32, -3.52 pct premarket

The 3D printer maker reported a 54 percent rise in quarterly adjusted revenue as it sold more higher-margin printers and services.

** ARCELORMITTAL, Thursday close $16.35, -2.39 pct premarket

The world’s largest steelmaker trimmed its forecast for global steel demand on Friday due to a sharper Chinese slowdown and weakness in Russia, though it expressed optimism about its core European and U.S. markets.

** FREEPORT-MCMORAN COPPER & GOLD INC, Thursday close $33.84

** APACHE CORP Thursday close $88.03

Freeport-McMoRan said on Thursday it would buy Apache’s deepwater oil and gas projects in the Gulf of Mexico for $1.4 billion, a day after announcing it would shed $3.1 billion in Eagle Ford shale assets in Texas.

** FANNIE MAE, Thursday close $4.16

** FREDDIE MAC Thursday close $4.1

The government-controlled mortgage finance firms will send the U.S. Treasury dividends totaling $10.2 billion after posting quarterly profits driven mainly by income from legal settlements.

** BOEING CO, Thursday close $130.57

The company’s pace of commercial airplane deliveries slowed to 56 in April, or 10 fewer than the month before, keeping it under the target needed to meet its annual delivery forecast.

** GLAXOSMITHKLINE PLC, Thursday close $54.9

** THERAVANCE INC Thursday close $26.89

Glaxosmithkline said on Thursday its new inhaled lung drug, Anoro, had been approved in Europe as a treatment for chronic lung disease, boosting its respiratory franchise. A final green light had been expected for the product, which was developed with Theravance, following a recommendation from European experts in February.

** CBS CORP, Thursday close $58.01

The owner of the most watched U.S. television network reported lower-than-expected revenue as advertising fell 12 percent. [ID: nL3N0NU6XR]

** ALCATEL-LUCENT SA, Thursday close $4.02, +1.00 pct premarket

The telecoms network equipment maker reduced its first-quarter net loss to 73 million euros ($101 million) from 353 million euros a year ago, the company reported, as it cut costs and trimmed unprofitable contracts.

** NUANCE COMMUNICATIONS INC, Thursday close $15.53, -1.03 pct premarket

The company reported a 6 percent rise in quarterly revenue, helped by increased sales of its voice-assisted documentation software to healthcare companies.

** ABBOTT LABORATORIES INC, Thursday close $38.73

The company said on Thursday it was committed to its array of branded generics, which it calls established products, because they are a “fundamental leg” of its business.

** DISH NETWORK CORP, Thursday close $60.14

Chairman Charlie Ergen said on Thursday he wanted to avoid pricy bidding wars with deep-pocketed rivals for targets such as T-Mobile and DirecTV, even if they could help the satellite television operator.

** TARGET STORES INC, Thursday close $58.32

Target’s problems in Canada may have started with its first step: deciding to occupy the premises of a failed discount chain that didn’t have the panache Canadians anticipated they would find in a retailer renowned for its “cheap chic.”

** NVIDIA, Thursday close $18.5

The chipmaker’s forecast for current-quarter revenue met analysts’ expectations but failed to inspire investors concerned about a slowing PC industry, and its stock lost ground.

** SYMANTEC CORP, Thursday close $20.13

The struggling security software maker posted a better-than-expected quarterly profit, helped by cost cutting, and forecast full-year profit above Wall Street expectations.

** SILVER WHEATON CORP, Thursday close $21.8

The Canada-based mining financier reported a 40 percent smaller profit in the first quarter, hurt by fall in metal prices.

** GRUBHUB INC, Thursday close $31.38

The company reported higher-than-expected revenue in its first quarterly results as a public company as more people used the online food-delivery service to order takeout meals. (Compiled by Natalie Grover; Edited by Maju Samuel)

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