(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; 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 flat open on Friday, as the market's recent upward bias looked to continue in a holiday-shortened session, though energy shares saw heavy pressure as crude oil tumbled to a four-year low. Dow Jones industrial average e-mini futures were up 0.08 percent at 17,824, S&P 500 e-mini futures were down 0.11 percent at 2,070 and Nasdaq 100 e-mini futures were up 0.28 percent at 4,330.
** EXXON MOBIL CORP, Wednesday close $94.48, -3.19 pct premarket
** CHEVRON CORP, Wednesday close $115.11, -3.18 pct premarket
** HESS CORP, Wednesday close $80.83, -6.90 pct premarket
** TALISMAN ENERGY INC, Wednesday close $5.79, -13.82 pct premarket
** PENN WEST PETROLEUM LTD, Wednesday close $4.37, -9.38 pct premarket
** SEADRILL LTD, Wednesday close $15.99, -6.25 pct premarket
** HALLIBURTON CO, Wednesday close $47.34, -5.94 pct premarket
** SCHLUMBERGER NV, Wednesday close $92.81, -6.42 pct premarket
** BAKER HUGHES INC, Wednesday close $62.58, -5.35 pct premarket
OPEC maintained production at 30mln/bpd and Brent crude fell to a fresh four-year low under $72 a barrel on Friday after OPEC decided not to cut output, a move investors said would leave the oil markets heavily over supplied.
European oil & gas slide lops off $32.5 bln in sector’s market-cap
** UNITED CONTINENTAL HOLDINGS, Wednesday close $56.6, +5.12 pct premarket
** AMERICAN AIRLINES GROUP, Wednesday close $44.97, +4.60 pct premarket
** DELTA AIR LINES INC, Wednesday close $44.24, +4.93 pct premarket
** JETBLUE AIRWAYS CORP, Wednesday close $13.6, +4.41 pct premarket
** SOUTHWEST AIRLINES CO, Wednesday close $39.28, +4.12 pct premarket
U.S. airline stocks gained after the Organization of the Petroleum Exporting Countries (OPEC) decided not to cut output, sending oil prices down.
** CARNIVAL CORP, Wednesday close $42.12, +3.49 pct premarket
** ROYAL CARIBBEAN CRUISES LTD, Wednesday close $70.24, +2.52 pct premarket
Cruise operators stocks also gained after OPEC cut its output. Fuel costs accounted for a fifth of Carnival’s cruise operating costs, while fuel costs as a percentage of Royal Caribbean’s revenue was 11.6 percent last year.
** KNIGHTSBRIDGE SHIPPING LTD, Wednesday close $6.33, -5.21 pct premarket
** NAVIOS MARITIME HOLDINGS INC, Wednesday close $5.1, -1.96 pct premarket
** DRYSHIPS INC, Wednesday close $1.44, -2.78 pct premarket
Shares of dry bulk shippers fell due to lower rates for capesize vessels, which typically transport 150,000-tonne cargoes such as iron ore and coal. Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, down about 3 percent.
** VRINGO INC, Wednesday close $0.8722, +19.24 pct premarket
The patent company said a UK court ruled in its favor in a patent infringement case against ZTE Corp’s UK subsidiary ZTE(UK) Ltd. Vringo said the court found ZTE infringing Vringo’s UK patent related to 3G and 4G networking equipment.
** STATOIL ASA, Wednesday close $21.83, -11.96 pct premarket
The energy company’s Oslo-listed stock suffered one of its biggest ever one-day percentage falls as analysts predicted that it would have to cut its quarterly dividend. “The current oil price gives a negative cash flow of 7 crowns per share. Then they can’t pay a dividend of 7 crowns,” said ABG Sundal Collier analyst John Olaisen, who cut his rating on the stock to “sell” and price target to 110 crowns.
** PETROBRAS SA, Wednesday close $10.6, -6.04 pct premarket
JPMorgan Securities strategists led by Adrian Mowat said on Friday that the impact of a drop in oil prices on Brazil could have mixed implications. In a client note, Mowat and his team said “the trickiest” impact to gauge would be in Brazil, where lower oil prices could bring about short-term positive consequences for the state-run oil company.
** STARBUCKS CORP, Wednesday close $79.7, +0.92 pct premarket
Piper Jaffray raised the price target of the world’s biggest coffee chain operator to $100 from $90. “We see potential catalysts including strong global trends at retail coffeehouses, growing market share in the high-margin channel development business, and the opportunity for increased cash being returned to shareholders via dividends and share repurchases,” analysts wrote in a note.
** TEKMIRA PHARMACEUTICALS CORP, Wednesday close $16.13, -1.98 pct premarket
The Canadian drugmaker filed for an offering of shares worth up to $150 million. Tekmira had 22.3 million shares outstanding as of Oct. 30, according to Thomson Reuters data.
** AVANIR PHARMACEUTICALS INC, Wednesday close $15.01, -2.80 pct premarket
U.S. FDA rejected company’s migraine drug device, AVP-825. The regulator raised questions on some data submitted as part of the company’s marketing application.
Compiled by by Anya George Tharakan in Bangalore; Editing by Sriraj Kalluvila