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U.S. stock indexes rose on Tuesday. The Dow Jones industrial average was up 0.42 percent at 17,955.49, the S&P 500 was up 0.30 percent at 2,086.91 and the Nasdaq Composite was up 0.39 percent at 4,936.484.
** FEDEX CORP, $173.22, +3.93 pct
The company is seeking to buy Dutch package delivery firm TNT Express for an agreed 4.4 billion euros ($4.8 billion), aiming to succeed where United Parcel Service failed two years ago when its bid was blocked by competition regulators.
** SHIRE PLC, $237.63, +3.39 pct
The London-listed pharmaceuticals firm said on Tuesday it had agreed with U.S. regulators the steps it would take to submit a candidate drug to treat hyperactivity in adults for clearance.
** INFORMATICA CORP, $47.85, +4.41 pct
The enterprise software provider said it would be taken private by an consortium comprising Permira Advisers Ltd and Canada Pension Plan Investment Board (CPPIB) for about $5.3 billion.
** OCWEN FINANCIAL CORP, $9.1, +9.24 pct
** NEW RESIDENTIAL INVESTMENT CORP, $15.74, +2.41 pct
** HOME LOAN SERVICING SOLUTIONS LTD, $16.6821, -3.91 pct
New Residential Investment has agreed to multi-year extension of servicing contracts with private mortgage servicer Ocwen. Home Loan Servicing Solutions, an Ocwen affiliate, and New Residential have called off their proposed merger agreement and entered into an asset purchase agreement.
** BALLARD POWER SYSTEMS INC, $2.38, +10.19 pct
The Canadian fuel-cell maker said its customer CSR Qingdao Sifang Co, a Chinese trail transport equipment maker, demonstrated the world’s first hydrogen fuel cell-powered fixed-rail electric tram at an event in March in China.
** ARENA PHARMACEUTICALS INC, $4.67, +7.11 pct
The weight-loss drug maker and partner Eisai Inc said the U.S. Patent and Trademark Office granted additional patent for the weight-loss drug Belviq.
** ORGANOVO HOLDINGS INC, $3.94, +8.24 pct
The biotech company entered into a research deal with the U.S. unit of French cosmetics group L‘Oreal to collaborate on development of skin tissue models.
** BIND THERAPEUTICS INC, $6.32, +11.46 pct
Oppenheimer & Co Inc started covering the drug developer’s stock with an “outperform” rating and a price target of $14. The mid-stage study of the company’s cancer drug, BIND-014, is an “initial entry point into a broader opportunity to replace current docetaxel prescribing across indications,” analysts wrote in a note.
** SPLUNK INC, $63.11, +4.87 pct
Piper Jaffray raised its rating on the data analytics software maker’s stock to “overweight” from “neutral”. “We see the sell-off in Splunk shares post the recent earnings report as an opportunity, particularly in light of improving distribution and the potential for upsell of enterprise-wide license agreements,” analysts wrote in a note.
** FIRST MAJESTIC SILVER CORP, $5.46, -3.87 pct
The silver producer entered into a private placement agreement with BMO Capital Markets for 4.6 million common shares at C$6.50 per share. The size of the placement represents 3.9 percent of the company’s total outstanding shares as of Dec. 30. First Majestic said it planned to use the proceeds to ramp up development at a Mexican mine and for general working capital needs.
** CLOVIS ONCOLOGY INC, $74.41, +8.41 pct
The U.S. Food and Drug Administration has granted “breakthrough therapy” status to the cancer drug developer’s experimental cancer drug, rucaparib, to treat ovarian cancer.
** AXALTA COATING SYSTEMS LTD, $29.96, +5.75 pct
The paints company said Berkshire Hathaway Inc would buy an 8.7 percent stake in the company from controlling shareholder Carlyle Group for $560 million. Warren Buffett’s Berkshire is buying 20 million shares at $28 per share.
** AMERICAN EXPRESS CO, $78.85, -0.98 pct
Oppenheimer cut its rating on the credit card company’s stock to “underperform”. “While it may feel like recent bad news is a lot of one-offs, we think that it is more of a symptom and that profitability of the underlying business is under pressure,” analysts wrote in a note.
** CELLADON CORP, $18.07, +1.57 pct
H.C. Wainwright began covering the drug developer’s stock with a “buy” rating and a target price of $31. The brokerage said it expected the company to report positive data from a mid-stage trial of its experimental gene therapy Mydicar.
** CTRIP.COM INTERNATIONAL LTD, $62, +1.37 pct
Piper Jaffray raised its rating on the Chinese online travel company’s stock to “overweight” from “neutral” and price target to $90 from $54. “(Ctrip.com) shares do not reflect long-term profitability and value of Ctrip’s position in Chinese travel market,” analyst Michael Olson wrote in a note.
** JP MORGAN CHASE & CO, $61.18, +1.17 pct
Bernstein raised its rating on the bank’s stock to “outperform” from “market-perform” and raised its price target to $70 from $67. “We feel incrementally better about the 15/16 prospects for JPM to post improved core trading revenues, additional cost leverage and optimize its franchise for a regulatory environment that may finally be stabilizing,” Bernstein analysts wrote in a note.
** CERULEAN PHARMA INC, $6.429, -1.09 pct
The cancer drug developer said the offering of 5.8 million of its shares was priced at $6 per share.
** RYANAIR HOLDINGS PLC, $66.505, +4.04 pct
The Irish airline said passenger traffic rose 28 percent to 6.67 million in March. Passenger load factor increased by 10 percentage points to 90 percent.
** GREENBRIER CO INC, $62.37, +2.92 pct
The railcar maker raised its 2015 profit forecast to $5.65-$5.95 per share from $5.20-$5.50 and it reported better-than-expected profit and revenue for the second quarter.
** OCULAR THERAPEUTIX INC, $31.76, -17.08 pct
The drugmaker said its lead eye drug failed to meet one of the main goals in a second late-stage study. The drug, OTX-DP, was effective in reducing pain in patients who had cataract surgery, but failed to reduce inflammation in the eyes, the company said.
** GENERAL MOTORS CO, $35.93, -1.99 pct
Canada has entered into an agreement to sell nearly 73.4 million shares it owns in General Motors to Goldman Sachs , an investment unit of the Canadian government said on Monday. Following the sale, the Canadian government will have sold all of its remaining GM shares.
** DELTA AIR LINES INC, $41.94, +0.43 pct
The International Association of Machinists and Aerospace Workers said on Monday it had temporarily withdrawn its application to organize flight attendants at Delta Air Lines. (Compiled by Neha Dimri in Bengaluru; Editing by Kirti Pandey)