October 2, 2014 / 1:18 PM / 4 years ago

BUZZ-U.S. Stocks on the Move-Esperion, Ariad, Heat Biologics

(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, link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) U.S. stock index futures pointed to a slightly lower open on Thursday as a positive read on the labor market was not enough to entice buyers even after a sharp decline in the previous session. Dow Jones industrial average futures were down 0.24 percent at 16,699, S&P 500 futures were down 0.18 percent at 1,937.25 and Nasdaq 100 futures were down 0.11 percent at 3,978.25.

** ESPERION THERAPEUTICS INC, Wednesday close $24.42, +26.95 pct premarket

The drugmaker said an experimental cholesterol-fighting drug being developed by the company lowered LDL levels significantly more than Merck & Co Inc’s Zetia in a midstage clinical trial.

** REALD INC, Wednesday close $9.27, +24.49 pct premarket

Activist investor Starboard Value LP proposed to take the 3D technology licensor private for $12 per share. The offer represents a premium of 29 percent to RealD stock’s Wednesday close of $9.27, valuing the company at about $540 million.

** TESLA MOTORS INC, Wednesday close $240.24, +4.86 pct premarket

The electric car maker’s chief executive, Elon Musk, sent out a cryptic tweet on Wednesday, saying it is “about time to unveil the D and something else”, with an accompanying photo which mentioned a date, Oct. 9.

** HEAT BIOLOGICS INC, Wednesday close $6.18, +29.45 pct premarket

The drug developer said it completed enrollment of patients for an early-stage study of its bladder cancer treatment, Vesigenurtacel-L. The company said it expects to start mid-stage study for the drug in the fourth quarter.

** TWITTER INC, Wednesday close $50.06, +1.68 pct premarket

JP Morgan raised the microblogging website company’s stock to “overweight” from “neutral” and increased its price target to $64 from $54. “Twitter is a primary beneficiary of the shift toward mobile advertising,” JP Morgan analyst Doug Anmuth wrote in a note.

** ARIAD PHARMACEUTICALS INC, Wednesday close $5.28, +10.80 pct premarket

The drug developer said its experimental lung cancer drug received “breakthrough therapy” status from the U.S. Food and Drug Administration.

** FACEBOOK INC, Wednesday close $76.55, +0.37 pct premarket

Facebook said it would change its policy requiring users to go by their real names on the social network, following outrage over the locking of hundreds of accounts, including a number belonging to drag queens using their stage names.

** SEARS HOLDINGS CORP, Wednesday close $3.5116, +0.64 pct premarket

Sears Holdings said it would sell most of its stake in Sears Canada Inc through a rights issue that would raise up to $380 million ahead of the holiday season.

** DIRECTV, Wednesday close $86.59, +1.05 pct premarket

The U.S. satellite TV provider extended its exclusive contract to sell the Sunday Ticket package of National Football League games, and sources said the company will pay $1.5 billion a year to keep the popular offering that has helped attract subscribers.

** NEWLINK GENETICS CORP, Wednesday close $22.95, -4.97 pct premarket

The drug developer appointed Jack Henneman, former chief financial officer of Integra Lifesciences Holdings Corp , its executive vice president and CFO.

** JPMORGAN CHASE & CO, Wednesday close $59.77, -1.05 pct premarket

UBS Investment Research downgraded the bank’s stock to “neutral” from “buy”. Lower loan growth, “nearly insatiable appetite for fines by regulators,” and increasing capital requirements will pinch the bank, UBS analyst Brennan Hawken wrote in a note to clients.

** DISH NETWORK CORP, Wednesday close $63.6

** VERIZON COMMUNICATIONS INC, Wednesday close $49.43, +0.14 pct premarket

** AT&T INC, Wednesday close $34.96, +0.11 pct premarket

** T-MOBILE US INC, Wednesday close $28.11

Three of the four largest U.S. wireless carriers and satellite provider Dish Network plan to bid in the Federal Communications Commission’s November auction of airwaves, according to initial applications released on Wednesday. The largest U.S. wireless carrier Verizon Communications, AT&T Inc, T-Mobile US and Dish appeared to be the largest companies to indicate an interest in bidding in the upcoming auction of frequencies known as AWS-3.

** CONSTELLATION BRANDS INC, Wednesday close $85.26, -3.24 pct premarket

The SVEDKA vodka maker reported lower-than-expected profit and sales for the second quarter, hurt by higher taxes and a recall of about 2 million beer packages in United States.

** BANK OF AMERICA CORP, Wednesday close $16.82, +0.42 pct premarket

The Charlotte, North Carolina-based bank said it named Chief Executive Brian Moynihan as chairman of its board, effective immediately.

** DOW CHEMICAL CO, Wednesday close $50.45, -0.38 pct premarket

Dow said it expected to raise more than $2 billion from three chemical businesses that it has put up for sale as part of a plan to raise as much as $6 billion from asset sales.

** AMAZON.COM INC, Wednesday close $317.46, -0.32 pct premarket

The online retailer plans to sell packaged food and beverages in India from mid-October, the Economic Times reported, citing a person familiar with the matter.

** EXPEDIA INC, Wednesday close $84.78, +0.38 pct premarket

Australia’s antitrust regulator on Thursday cleared the online travel giant to buy local rival Wotif.com Holdings Ltd , saying it did not expect the A$699 million ($610 million) deal to substantially lessen competition.

** HEWLETT-PACKARD CO, Wednesday close $34.55, -0.03 pct premarket

Hewlett-Packard’s vice president of server engineering expects new lower-power servers made with technology from ARM Holdings to make inroads in niche data centers over the next year in a market dominated by Intel Corp.

** WILAN INC, Wednesday close $3.5116, -11.72 pct premarket

The Canadian patent licensing company on Wednesday said a U.S. judge had ruled in favor of Apple Inc in a litigation case against it.

** MASIMO CORP, Wednesday close $24.02, -0.54 pct premarket

The Dutch healthcare equipment company Philips said on Thursday it would appeal against a U.S court ruling ordering it to pay $466.8 million in compensation to Masimo for infringing two patents.

** BHP BILLITON LTD, Wednesday close $58.45, +0.34 pct premarket

The mining company <BHP.AX BLT.L> on Thursday agreed to a two-year contract to buy nickel ore from Poseidon Nickel Ltd to feed its Nickel West operations in Australia. The step indicates that BHP plans to keep running the loss-making division as it looks to sell it.

** AGRIUM INC, Wednesday close $87.97, -4.51 pct premarket

The Canadian fertilizer producer said on Wednesday that it expected third-quarter earnings from continuing operations of 45 cents to 55 cents per share, falling short of Wall Street expectations.

** LOCKHEED MARTIN CORP, Wednesday close $177.89, +0.20 pct premarket

** RAYTHEON CO, Wednesday close $99.19, +0.05 pct premarket

** NORTHROP GRUMMAN CORP, Wednesday close $128.02, +0.10 pct premarket

The U.S. Air Force is close to announcing the winner of a three-way competition between Lockheed, Raytheon and Northrop Grumman to build the next generation of long-range radars, senior military officials said.

In another development, the U.S. State Department has approved a $1.75 billion sale to Saudi Arabia to upgrade its Patriot air defense system with PAC-3 missiles, a deal that would benefit Lockheed and Raytheon, the Pentagon said on Wednesday.

** FORD MOTOR CO, Wednesday close $14.59, +0.82 pct premarket

The auto maker’s CEO told reporters at Paris Auto Show that by 2016 99 percent of Ford’s global sales will be of vehicles built on just nine “platforms,” compared to 27 platforms in 2007. (Compiled by Anannya Pramanick; Editing by Maju Samuel)

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