October 3, 2014 / 1:18 PM / 4 years ago

BUZZ-U.S. Stocks on the Move-RadioShack, Tekmira, Constellium, Mylan

(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 higher open on Friday, adding to earlier gains, after the September jobs report came in ahead of expectations, though major indexes remained on track for a second straight weekly decline. Dow Jones industrial average futures were up 0.58 percent at 16,821, S&P 500 futures were up 0.58 percent at 1,949.75 and Nasdaq 100 futures were up 0.55 percent at 3,999.75.

** RADIOSHACK CORP, Thursday close $0.99, +38.38 pct premarket

The company reached an agreement with a consortium led by its largest shareholder, Standard General LP, to refinance about $590 million of loans, according to Bloomberg.

Last week, Standard General said it was in talks to improve RadioShack’s cash position ahead of the crucial holiday shopping season

** TEKMIRA PHARMACEUTICALS CORP, Thursday close $25.47, +4.83 pct premarket

The company said it had achieved a $1.5 million development milestone. Maxim raised its price target on the stock to $31 from $23.

** SALIX PHARMACEUTICALS, Thursday close $151.09, +6.06 pct premarket

Salix and Swiss-listed Cosmo Pharmaceuticals SpA said they have terminated their merger agreement, citing a “changed political environment”.

The Obama administration took several actions last month to curb “inversion” deals that allow companies to escape high U.S. taxes by reincorporating abroad.

Credit Suisse upgraded the stock to “neutral” from “underperform” and raised its price target to $155 from $139.

** GOOGLE INC, Thursday close $580.88, +0.67 pct premarket

The software giant plans to launch a mobile messaging app it is likely to test in India and other emerging markets, the Economic Times newspaper reported on Friday, citing sources.

** MYLAN INC, Thursday close $46.5, +5.59 pct premarket

The company's shares rose on rumors of a merger with Teva Pharmaceuticals, according to Benzinga.com (bit.ly/1BDiztJ)

Mylan also raised its third-quarter adjusted profit forecast to $1.12-$1.16 per share from 90-95 cents per share, citing stronger-than-expected operational performance.

** FACEBOOK INC, Thursday close $77.08, +0.80 pct premarket

European Union antitrust regulators approved on Friday a $19 billion offer by the world’s most popular social network, for mobile messaging startup WhatsApp. The landmark deal is the largest in Facebook’s 10-year history and will give it a strong foothold in the fast-growing mobile messaging market, pitting it against telecoms companies.

** CONSTELLIUM NV, Thursday close $23.32, +7.20 pct premarket

The aluminum products maker said it is to acquire U.S. peer Wise Metals for $1.4 billion, including debt, in a deal aimed at tapping into fast-growing demand from car makers for aluminum sheet.

** UBS AG, Thursday close $17.2, -2.38 pct premarket

Switzerland’s largest bank could face a fine of up to $6.3 billion if found guilty in a French investigation into whether it helped wealthy customers there avoid tax, a Swiss newspaper reported on Friday [ID: nL6N0RY0R6]

** IAMGOLD CORP, Thursday close $2.73, +2.56 pct premarket

The company said it would sell its Niobec rare earths mine in Quebec to a group of companies led by investment company Magris Resources Inc for $500 million in cash, to focus on its core gold mining business.

** CHARLES SCHWAB CORP, Thursday close $29.05

The company has dropped the Pimco Total Return Fund from its 10 target date funds and collective trusts, a company spokeswoman told Reuters on Thursday.

The firm completed its review of the fund this week on the heels of the announcement last Friday that Bill Gross, Pimco co-founder and manager of the fund, was leaving to join Janus Capital Group.

** LINN ENERGY LLC, Thursday close $29.08, +1.44 pct premarket

The company said it had struck deals to sell oil and gas assets in Texas and western Oklahoma for $2.3 billion to repay debt taken to buy assets from Devon Energy Corp.

** WALGREEN CO, Thursday close $59.76, +1.34 pct premarket

The largest U.S. drugstore operator’s September sales rose 9.4 percent to $6.48 billion as pharmacy sales increased 14.2 percent.

Comparable-store sales rose 7.9 percent, with prescriptions filled at those stores increasing 6.6 percent.

** WELLPOINT INC, Thursday close $118.45, +0.90 pct premarket

The U.S. health insurer increased its share repurchase authorization by $5 billion, taking the total program to $6 billion, the company said in a regulatory filing.

WellPoint, which runs Anthem and Empire Blue Cross Blue Shield Plans, said the authorization is for a multi-year period. (1.usa.gov/1oFGu5U)

** GOLDMAN SACHS GROUP INC, Thursday close $182.88, +0.81 pct premarket

The financial group is considering raising a new infrastructure fund, according to three people familiar with the matter, even as U.S. regulations threaten to reduce its profits from such endeavors.

** T-MOBILE US INC, Thursday close $28.8, +1.39 pct premarket

French low-cost telecom operator Iliad SA is gearing up to bid for a “significantly larger” stake in T-Mobile than it previously sought for in July, a Bloomberg report said, citing people familiar with the matter.

** FREEPORT-MCMORAN INC, Thursday close $32.07, +0.56 pct premarket

A two-day blockade preventing access to the Grasberg open-pit copper mine operated by the Indonesian unit of Freeport ended on Thursday after a meeting with workers, the company said, with no impact to copper concentrate shipments.

** ANDARKO PETROLEUM CORP, Thursday close $98.67, +0.29 pct premarket

Andarko is evaluating the sale of its stake in the Salt Creek oil field in Wyoming and hopes to fetch more than $2 billion for the asset, people following the situation said. The people, who asked not to be named because the talks were private, said Anadarko recently began reaching out to prospective buyers to probe interest.

** OCCIDENTAL PETROLEUM CORP, Thursday close $95.22, +1.03 pct premarket

The company said on Thursday its board of directors has approved the spin-off of its California oil and natural gas business to its shareholders.

** KELLOGG CO, Thursday close $60.72, +0.46 pct premarket

The cereal maker’s chief executive officer is planning to meet with cookies and snacks maker United Biscuits Ltd (IPO-UNI.L) to discuss a possible 2 billion pound ($3.23 billion) offer for the British company, the Wall Street Journal reported on Thursday, citing people familiar with the matter. {ID:nL3N0RX4EE]

** ELI LILLY, Thursday close $64.83

** NOVARTIS AG, Thursday close $93.04, -1.39 pct premarket

EU antitrust regulators approved Lilly’s $5.4 billion takeover of Swiss peer Novartis’s animal health business on Friday.

The European Commission said it was satisfied that the deal would not hinder competition and cleared it unconditionally.

** WALT DISNEY CO, Thursday close $86.79, +0.80 pct premarket

The company’s board extended chairman and chief Executive Bob Iger’s contract through June 2018, keeping him at the helm of the media and theme park company two years longer than he previously planned.

** INFOSYS LTD, Thursday close $59.62

A former Infosys employee responsible for starting a U.S. investigation into the company’s visa practices has filed another lawsuit demanding damages for alleged wrongful termination.

U.S. national Jack Palmer, who was employed by Infosys in Alabama, said in the lawsuit filed on Thursday with a New Jersey court that he had been discriminated against because he flagged that the company was flouting U.S. visa rules.

** BP PLC, Thursday close $43.16, -0.42 pct premarket

The company asked a U.S. court to reconsider a September ruling that found the company “grossly negligent” for the 2010 oil spill in the Gulf of Mexico, a finding that boosted its potential liabilities by about $18 billion.

** CLIFFS NATURAL RESOURCES, Thursday close $10, -2.80 pct premarket

Nomura cut its rating on the stock to “reduce” from “buy”, and price target to $5 from $18. Analysts at Nomura said a fall in iron ore prices this year has hurt company’s results and will limit its ability to sell assets. (Compiled by Amrutha Penumudi in Bangalore; Edited by Maju Samuel)

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