September 16, 2014 / 2:04 PM / 4 years ago

BUZZ-U.S. Stocks on the Move-Apple, Sino-Global, Glimcher Realty

(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for more market insights, including options activity, ; for the Day Ahead newsletter,; for the Morning News Call newsletter, U.S. stock indexes were little changed on Tuesday. The Dow Jones industrial average was up 0.04 percent at 17,038.78, the S&P 500 was up 0.17 percent at 1,987.49 and the Nasdaq Composite was up 0.06 percent at 4,521.737.

** APPLE INC, $99.95, -1.65 pct

The company's iPhone 6 and 6 Plus models may not make it to China until early 2015, said, citing a report from a Chinese business daily. (

Apple is yet to set a release date for China and its customers there may have to wait until year-end for the new phone, sources told Reuters last week.

** SIGA TECHNOLOGIES INC, $1.105, -23.26 pct

The drugmaker filed for voluntary bankruptcy protection on Tuesday and said the filing was to preserve its ability to supply its antiviral smallpox drug to the U.S. Strategic National Stockpile.


The diversified shipping company reported its first profitable fiscal year since its initial public offering in 2008. The company reported a net income of $1.6 million for the year ended June 30 compared with a year-earlier loss of $1.7 million.

** BILL BARRETT CORP, $23.68, +11.23 pct

The company said it would exchange most of its acreage in Wyoming’s Powder River Basin for oil-producing assets in Colorado, and also sell some natural gas assets in the state in transactions valued at $757 million.

** GLIMCHER REALTY TRUST, $13.79, +30.22 pct

** WASHINGTON PRIME GROUP, $17.45, -5.47 pct

Retail real estate investment trust Washington Prime said it would buy Glimcher Realty Trust in a cash-and-stock deal valued at about $4.3 billion, including debt.

Glimcher’s stock was the top percentage gainer on the New York Stock Exchange on Tuesday and it was also the most traded share on the exchange.


The designer of chipsets for video and multimedia applications said it was exploring strategic options even as its efforts to return to profits take longer than expected. The company also cut its revenue forecast for the current quarter to $43 million from $49 million-$51 million.


Stephens Inc raised its rating on the company’s stock to “overweight” from “equal weight,” according to Including Stephens, nine of 27 brokerages rate the stock “buy” or higher, 15 rate it “hold” and three rate it “sell” or lower.

** TESLA MOTORS, $258.57, +1.86 pct

Massachusetts’ highest court on Monday threw out a lawsuit seeking to block the company from selling its luxury electric cars directly to consumers in the state, enabling it to bypass traditional dealerships.


The company said it would sell a stake in its natural gas gathering subsidiary in the Marcellus and Utica shale fields, to a unit of Morgan Stanley, giving the two co-ownership in the business valued at $1 billion.

** ATLANTIC POWER CORP, $2.55, -33.07 pct

The power producer slashed its dividend by 70 percent and asked its chief executive, Barry Welch, to step down as part of a strategic review process.

** NII HOLDINGS INC, $0.0871, +4.94 pct

The parent of Nextel operators in Latin America filed for U.S. bankruptcy protection on Monday after struggling for years with debt, fierce competition in Brazil and Mexico, and a dispute with a U.S. hedge fund.

** VIMPELCOM LTD, $8.53, +1.79 pct

The mobile operator company and Egypt’s Global Telecom will sell their stakes in Wind Canada for 135 million Canadian dollars ($122 million), the two companies said in a statement on Tuesday. [ID: nL6N0RH0HH] (Compiled by Amrutha Penumudi in Bangalore; Editing by Kirti Pandey)

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