(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 higher on Tuesday on hopes of a last-minute deal to avoid Greece's exit from the euro zone. The Dow Jones industrial average was up 0.56 percent at 17,694.28, the S&P 500 was up 0.70 percent at 2,072.14 and the Nasdaq Composite was up 0.73 percent at 4,994.462.
** JUNO THERAPEUTICS INC, $58.06, +25.40 pct
** CELGENE CORP, $116, +0.95 pct
** KITE PHARMA, $62.6183, +6.20 pct
** ZIOPHARM ONCOLOGY INC, $11.9703, +3.73 pct
** CELYAD SA, $52.735, +4.72 pct
** CELLECTIS SA, $36.245, +8.97 pct
** LION BIOTECHNOLOGIES INC, $8.9201, +3.48 pct
Shares of CAR-T cell therapy developers rose after Juno’s 10-year agreement with Celgene.
Celgene, on Monday, launched a 10-year partnership with Juno Therapeutics, announcing a $1 billion investment aimed at bringing to market Juno technologies that harness the immune system to treat cancer and autoimmune diseases.
** WILLIS GROUP HOLDINGS, $48.06, +5.86 pct
** TOWERS WATSON & CO, Tuesday close $137.98, -3.62 pct premarket
Insurance broker Willis Group Holdings said it would combine with financial services provider Towers Watson to create a new $18 billion insurance, personnel and risk company.
** PENTAIR PLC, $67.95, +5.46 pct
Nelson Peltz’s Trian Fund Management LP has built a stake of 7.24 percent in Pentair and asked the pump and valve maker to consider acquiring rivals to consolidate the sector, the Wall Street Journal reported, citing people familiar with the matter.
** SONY CORP, $29.03, -4.38 pct
Japan’s Sony plans to raise nearly $4 billion via new shares and bonds to plough into image sensors as it reinvents itself as a niche component maker, pulling back from consumer goods like TVs that dragged it into losses.
** CONAGRA FOODS INC, $43.21, -0.51 pct
The maker of Slim Jim beef jerky and Chef Boyardee pasta said it would exit its struggling private label foods business and reported a 3.7 percent rise in quarterly sales.
** PIERIS PHARMACEUTICALS INC, $2.7224, -16.49 pct
The German drug developer’s offering of 9 million shares was priced at $2.75 per share, a 15 percent discount to the stock’s Monday close.
** PEP BOYS-MANNY MOE AND JACK, $12.52, +2.96 pct
The auto parts retailer said it was considering putting itself up for sale, as it embarks on a strategic review.
** CISCO SYSTEMS INC, $27.56, +0.07 pct
The company said it would buy OpenDNS, a privately held cloud-based security company, for $635 million in cash and equity awards to beef up its security business.
** ALIBABA GROUP HOLDING LTD, $83.07, +2.47 pct
The Chinese e-commerce giant is in advanced talks to invest in Indian online payment platform and e-commerce firm Paytm, two sources with knowledge of the matter said on Tuesday.
** FITBIT INC, $35.89, +7.84 pct
RBC Capital Markets started coverage of the company’s stock with an “outperform” rating and a price target of $45.
“A deeper international push, combined with corporate wellness adoption will help Fitbit grow revenues rapidly in the next few years,” RBC analysts wrote in a note.
** MAGNEGAS CORP, $1.2599, +5.87 pct
The alternative fuel maker said it demonstrated its MagneGas2 fuel to officials of several major utility companies and they showed strong interest in the product.
** MICROSOFT CORP, $44.41, +0.09 pct
The company said on Monday it will hand over its display advertising business to AOL Inc and sell some map-generating technology to ride-hailing app company Uber, as it slims down its money-losing online operations.
** CENOVUS ENERGY INC, $16.46, +3.00 pct
The Canadian oil producer said it would sell its royalty lands business, Heritage Royalty Limited Partnership, to Ontario Teachers’ Pension Plan for about C$3.3 billion ($2.66 billion).
** EMERSON ELECTRIC CO, $56.96, +2.52 pct
The U.S. factory automation equipment maker said it planned to spin off its network power business as part of its efforts to focus on high-growth businesses.
** AT&T INC, $35.89, +0.34 pct
** DIRECTV, $93.28, +0.48 pct
AT&T, the No. 2 U.S. telecom company, said it has extended the “termination date” of the merger agreement with satellite TV provider DirecTV for “a short period of time”, the second time in two months.
** BAIDU INC, $204.27, +1.88 pct
China’s dominant Internet search engine said it would invest 20 billion yuan ($3.22 billion) over the next three years on online-to-offline services, including group-buying service Nuomi.
($1 = 6.2023 Chinese yuan renminbi)
** SPRINT CORP, $4.56, +0.89 pct
The company said it will offer an $80 a month cellular phone plan, including both service and smartphone device fees, hoping to draw users who dislike complex price plans and hidden costs.
** GENERAL ELECTRIC CO, $26.89, +0.94 pct
The company said it would sell its European private equity financing business to a unit of Japan’s Sumitomo Mitsui Banking Corp (SMBC) for about $2.2 billion as the U.S. conglomerate sheds financial assets amid a restructuring. (Compiled By Manya Venkatesh in Bengaluru; Editing by Simon Jennings)