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U.S. stock index futures edged higher on Tuesday: Dow Jones industrial average e-mini futures were up 0.23 percent at 17,938, S&P 500 e-mini futures were up 0.17 percent at 2,076 and Nasdaq 100 e-mini futures were up 0.19 percent at 4,299.75.
** VANDA PHARMACEUTICALS INC, Monday close $11.91, +20.91 pct premarket
** NOVARTIS AG, Monday close $95.3
The drugmaker settled a license dispute with Novartis over its schizophrenia drug, Fanapt. [ID:nPn8mCHpP
Vanda will regain U.S. and Canada rights to Fanapt and get exclusive worldwide license for similar drug, AQW051, from Novartis. Under the settlement, Novartis will buy Vanda shares worth $25 million at $13.82 per share.
Separately, Novartis said the European Commission had approved an additional treatment for its eyecare unit Alcon’s Travatan treatment for glaucoma, a chronic, sight-threatening eye disease.
** CHESAPEAKE ENERGY CORP, Monday close $18.42, +3.96 pct premarket
The oil and gas company authorized a $1 billion stock buyback program and also closed sale of some of its oil and gas assets in the Marcellus and Utica shale fields to Southwestern Energy Co for $4.97 billion.
** KEURIG GREEN MOUNTAIN INC, Monday close $139.78, -3.42 pct premarket
The K-cup coffee pod maker said it would recall more than 6.6 million hot beverage-brewing machines in the United States that could overheat liquids and burn users.
** GOPRO INC, Monday close $58, +3.79 pct premarket
The wearable camera maker’s first lockup period expires on Tuesday, making about 15.3 million shares held by employees and early investors available for trading.
** WALGREEN CO, Monday close $74.27, +3.27 pct premarket
The U.S. drugstore chain operator reported a 16 percent rise in quarterly profit, helped by a record number of prescriptions filled.
** SIERRA WIRELESS INC, Monday close $45.4, +3.52 pct premarket
Canaccord Genuity raised its target price on the wireless equipment maker’s stock to $53 from $36.
Sierra said on Monday it would buy Swedish wireless communication services provider Wireless Maingate AB for $90 million.
Maingate’s presence in Europe as well as its strong position in wireless connectivity equipment will boost Sierra’s Europe business as well as services that connect devices to cloud, Canaccord analysts wrote in a note.
** FAMILY DOLLAR STORES INC, Monday close $79.11
** DOLLAR TREE INC, Monday close $69.09
** DOLLAR GENERAL CORP, Monday close $68.66
Family Dollar, which twice rejected higher bids from bigger rival Dollar General, is holding a special shareholder meeting to vote on the company’s potential acquisition by Dollar Tree .
Family Dollar could delay the shareholder vote on the potential acquisition by Dollar Tree, CNBC said last week, citing sources. Family Dollar will likely start the shareholder meeting on Tuesday and then adjourn it, CNBC had said.
** LOCKHEED MARTIN CORP, Monday close $196.45, +1.16 pct premarket
The company met its target of delivering 36 F-35 fighter jets to the U.S. government in 2014, paving the way for the firm to collect most of the associated performance fees, a spokesman for the Pentagon’s F-35 program office said Monday.
** BRISTOL-MYERS SQUIBB CO, Monday close $61.06, +1.54 pct premarket
The U.S. Food and Drug Administration approved Bristol-Myers’s skin cancer drug, more than three months before the scheduled review date.
** CHINA FINANCE ONLINE CO LTD, Monday close $5.32, +21.24 pct premarket
The web-based financial services company third-quarter loss narrowed and financial services revenue almost doubled to $17.1 million while advertising revenue rose 47 percent to $1.8 million.
** STATOIL ASA, Monday close $18.15, -0.83 pct premarket
** SOUTHWESTERN ENERGY, Monday close $29.31
The Norwegian energy firm has sold part of its stake in a shale field in the northeast of the United States to Southwestern Energy for $394 million, the company said on Tuesday.
** PETROLEO BRASILEIRO SA, Monday close $7.45, +2.01 pct premarket
Brazil’s President Dilma Rousseff said on Monday she has no plans to replace the chief executive officer of state-run oil firm Petroleo Brasileiro SA. She said the pessimism surrounding Petrobras was overblown and that the recent plunge in its shares was exaggerated.
** AMERICAN APPAREL INC, Monday close $1.14, +5.27 pct premarket
The retailer’s board believes a bid by Irving Place Capital to buy the company for up to $1.40 per share is far too low and any takeover offer should be “several multiples” higher, a source said.
** NOBLE ENERGY INC, Monday close $50.95
Israel’s antitrust authority has summoned representatives of Israel’s Delek Group and Texas-based Noble Energy and told them it was “still considering to announce that buying Leviathan was illegal”. Noble owns 39.66 percent of Leviathan field, the world’s largest offshore gas find of the past decade.
** CONTINENTAL RESOURCES INC, Monday close $38.01, +2.32 pct premarket
The company on Monday said it would cut spending 40 percent, trim its rig fleet by a third and show less crude output growth than planned next year as oil prices tumble.
** APPLE INC, Monday close $112.94, +0.20 pct premarket
Apple has pushed out its first-ever automated security update to Macintosh computers to help defend against newly identified bugs that security researchers have warned could enable hackers to gain remote control of machines.
** BIOCRYST PHARMACEUTICALS INC, Monday close $11.13
The drugmaker said its experimental broad-spectrum antiviral drug showed promise against Ebola when tested in monkeys.
** JPMORGAN CHASE & CO, Monday close $61.94
A computer breach at JPMorgan earlier this year could have been avoided if the bank had installed a simple security fix to an overlooked server in its network, the New York Times reported, citing people briefed on investigations.
** ENCANA CORP, Monday close $13.5
Canada’s Encana will sell some natural gas gathering and compression facilities in British Columbia it owns jointly with a unit of Mitsubishi Corp to Veresen Midstream LP.
** OMNICARE INC, Monday close $73.72
** ABBOTT LABORATORIES, Monday close $46.37
The U.S. Justice Department has filed a complaint against the company, alleging that the largest U.S. provider of pharmacy services to the elderly received millions of dollars in kickbacks from Abbott Laboratories.
** COMCAST CORP, Monday close $57.22
** TIME WARNER CABLE INC, Monday close $150.07
U.S. Federal Communications Commission on Monday once again paused its review of the proposed $45 billion merger of Comcast Corp and Time Warner Cable, citing delays in getting documents from Time Warner Cable.
** GOLDMAN SACHS GROUP INC, Monday close $194.44
The Wall Street bank has sold its controversial metals warehousing business to Swiss private equity group Reuben Brothers. Goldman bought Metro for an estimated $550 million in 2010.
** EXPRESS SCRIPTS HOLDING CO, Monday close $82.335
The largest manager of prescription drug plans for U.S. employers is taking an increasingly aggressive stance in price negotiations with pharmaceutical companies after winning discounts on medications with a strategy introduced last year.
** STEELCASE INC, Monday close $17.92, -3.4 pct after market
The office furniture maker on Monday reported lower-than-expected third-quarter sales, hurt by weak demand in the Americas, its biggest market.
** TRIPADVISOR INC, Monday close $76.87
Italy’s competition watchdog has fined the travel website 500,000 euros ($613,000) for publishing misleading information in its reviews, it said on Monday.
Compiled by Shailaja Sharma in Bengaluru; Editing by Sriraj Kalluvila