Dec 8 - (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. stocks opened lower on Monday, with the Dow and S&P 500 edging lower from record closing highs as soft data in China and Japan kindled global growth concerns. The Dow Jones industrial average was down 0.10 percent at 17,941.13, the S&P 500 was down 0.09 percent at 2,073.55 and the Nasdaq Composite was up 0.13 percent at $4,787.64.
** MCDONALD‘S CORP, $93.23, -3.20 pct
McDonald’s reported a steeper-than-expected fall in global same-restaurant sales in November and said current-quarter results would be hurt by the after-effects of a supplier scandal in China and a stronger dollar.
** MERCK & CO INC, $61.35, -0.23 pct
** CUBIST PHARMACEUTICALS INC, $100.76, +35.50 pct
Merck said on Monday it would buy Cubist for $8.4 billion plus assumption of debt, giving the major drugmaker an entry into the market for drugs that target so-called superbugs.
** DELIA*S INC, Friday close $0.0177, -6.35 pct
The teen apparel retailer filed for Chapter 11 bankruptcy protection and said it had hired advisers to help liquidate its assets.
** RANDGOLD RESOURCES LTD, $66.26, +2.17 pct
Deutsche Bank highlighted two key tailwinds to have emerged in last quarter which it expects to support a sector-wide cost reduction drive - the drop in oil price and depreciation in producer currencies. The brokerage sees accelerating FCF from cost control in the next 12 months and upgraded Randgold’s London-listed stock to “buy.”
** HALCON RESOURCES CORP, $1.6, -8.57 pct
** GOODRICH PETROLEUM CORP, $3.4, -8.36 pct
** ENERGY XXI LTD, $3.09, -5.79 pct
** SANCHEZ ENERGY CORP, $8.16, -6.53 pct
BMO Capital Markets cut its ratings and price targets on several oil and gas producers, saying the companies might need to cut capital spending, which would potentially curtail growth and increase debt.
** PRECISION DRILLING CORP ; $5.63, -5.85 pct
Canada’s largest drilling contractor said it expected 2015 capital spending to be 44 percent lower than this year’s already lowered budget as a steep fall in oil prices threaten to render exploration and development project uneconomic.
** CONOCOPHILLIPS, $66.43, -2.09 pct
ConocoPhillips set a capital budget of $13.5 billion for 2015, a 20 percent drop from its 2014 spending plans, amid a steep decline in global crude prices.
** HANWHA SOLARONE CO LTD, $1.59, -1.85 pct
The solar power company said it will buy Germany-based affiliate Q Cell Investment Co Ltd in a deal valued at about $1.2 billion to avoid U.S. tariffs on China-made products.
** HUDSON PACIFIC PROPERTIES INC, $28.33, +0.57 pct
Hudson Pacific said it would buy a portfolio of office buildings in California from a unit of Blackstone Group LP for $3.5 billion in stock and cash.
** INFOSYS LTD,$32.19, -4.38 pct
Some of the founders of Infosys Ltd sold shares worth $1.1 billion in India’s second-largest IT services exporter on Monday, cashing in on a more than 20 percent gain in the stock since the company picked its first outsider as chief executive.
The shares were sold by N.R. Narayana Murthy, Nandan Nilekani, S.D. Shibulal and K. Dinesh, members a group of seven engineers who founded Infosys in 1981 by pooling together $250, stock market filings showed.
** CANADIAN SOLAR INC, $25.57, +2.59 pct
Japan’s Sharp Corp said on Monday it was considering selling its U.S.-based solar energy development unit Recurrent Energy to solar panel maker Canadian Solar, but had yet to make a final decision on any deal.
** AMGEN INC, $171.44, +1.30 pct
Novartis said its copycat version of Amgen’s Neupogen for patients with low white blood cell counts works as well as the original drug in a late-stage trial.
Separately, the top U.S. patent appeals court has upheld the dismissal of a lawsuit brought by Sandoz Inc that sought to shield its planned version of Amgen’s psoriasis and arthritis drug Enbrel from patent lawsuits.
** BLACKBERRY LTD, $10.9, +2.06 pct
The Canadian smartphone maker and NantHealth, a healthcare-focused data provider, launched a secure cancer genome browser on Sunday, giving doctors the ability to access patients’ genetic data on the BlackBerry Passport smartphone. (Compiled by Sneha Banerjee in Bengaluru; Editing by Simon Jennings)