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U.S. stock indexes fell on Thursday, after the International Monetary Fund warned Greece may need a further large debt writeoff, and weak U.S. jobs data dampened the economic outlook. The Dow Jones industrial average was down 0.35 percent at 17,695.92, the S&P 500 was down 0.28 percent at 2,071.61 and the Nasdaq Composite was down 0.43 percent at 4,991.375.
** BP PLC, $41.38, +5.37 pct
The oil major said it reached an $18.7 billion settlement of damages claims from the U.S. government and five states after the 2010 Gulf of Mexico spill.
** TESLA MOTORS INC, $275.13, +2.22 pct
The electric car maker said Model S deliveries rose 52 percent to 11,507 in the second quarter, “a new company record for the most cars delivered in a quarter.”
** CENTENE CORP, $75.19, -7.06 pct
** HEALTH NET INC, $71.56, +9.99 pct
U.S. health insurer Centene said it would buy rival Health Net for $6.3 billion to bolster its position as a manager of government insurance plans and gain scale to negotiate better prices with hospitals.
** AEROPOSTALE INC, $1.815, +10.67 pct
The teen apparel retailer signed licensing deals to open stores in India and Indonesia.
The company said it would open 50 standalone stores, 150 shop-in-shops and e-commerce operations in India over the next five years, beginning March.
** NATERA INC, $23.0499, +28.06 pct
Shares of the company, which sells non-invasive prenatal disease-screening tests, rose as much as 30 percent in their debut. The stock opened at $22.10 and touched a high of $23.33, valuing the company at about $1.1 billion.
** EBAY INC, $61.11, +1.13 pct
** XOOM CORP, $25.26, +22.03 pct
** WESTERN UNION CORP, $19.14, -6.13 pct
PayPal Inc said it would buy digital money transfer provider Xoom for $890 million as it muscles into a growing international remittance market and expand in countries such as Mexico, India and China ahead of a spinoff from eBay.
Shares of Western Union fell after Evercore ISI cut its rating on the stock to “hold” from “buy” and its price target to $20 from $23, saying the deal poses a threat to the world’s largest money-transfer company.
** COMSTOCK RESOURCES INC, $2.32, -12.78 pct
RBC Capital Markets and Global Hunter Securities cut their price targets on the oil and natural gas producer’s stock after Comstock sold some Texas assets for about $115 million to a private company.
** APPLIED GENETIC TECHNOLOGIES CORP, $18.86, +15.99 pct
The drug developer signed a deal with Biogen Inc to develop gene-based therapies for a range of eye diseases for which it would get $124 million in upfront payment. Applied Genetics is eligible to receive milestone payments and royalties exceeding $1 billion.
** ORAMED PHARMACEUTICALS INC, $6.58, +12.86 pct
Chinese drugmaker Guangxi Wuzhou Zhongheng Group Co Ltd said its unit planned to invest $52 million in Oramed to buy a 10 percent stake. The unit also plans to exclusively license distribution rights to Oramed’s insulin products in China.
** AMBAC FINANCIAL GROUP INC, $17.03, +7.04 pct
The bond insurer’s unit, Ambac Assurance, said all the payments due on its insured Puerto Rico bonds have been paid in full.
** COGNIZANT TECHNOLOGIES SOLUTIONS, $59.8, -3.73 pct
The IT service provider deferred the implementation of its 7-year master services agreement with Health Net Inc
Cognizant said that if the merger of Health Net and Centene Corp is completed, the existing master services agreement would not be implemented.
** COLUMBIA PIPELINE GROUP INC, $29.78, +7.94 pct
Credit Suisse initiated coverage on the stock with an "outperform" rating and a price target of $35. The natural gas pipeline company, spun off from NiSource Inc, filed for a shelf offering of up to $73.9 million, related to dividend reinvestment and stock purchase plan. (1.usa.gov/1GQO86p)
** NISOURCE INC, $16.93, -5.21 pct
The energy company cut its quarterly dividend to 15 cents per share from 26 cents in the previous quarter, following separation of Columbia Pipeline Group from NiSource.
** WPCS INTERNATIONAL INC, $2.12, -29.80 pct
The communications infrastructure provider eliminated all its $1.7 million unsecured promissory notes, which were originally due to be paid on Sept. 30.
** THOMPSON CREEK METALS CO INC, $0.7454, -12.30 pct
** CLIFFS NATURAL RESOURCES INC, $3.72, -11.64 pct
** FORESIGHT ENERGY LP, $11.91, -6.22 pct
** PEABODY ENERGY CORP, $1.76, -1.12 pct
Shares of U.S. miners fell after Deutsche Bank analysts cut price target and rating on the stocks.
“Excess supply/decelerating demand and further price drops are paving the way for a fifth year of underperformance for upstream miners,” analysts wrote in a note.
** ENERGIZER HOLDINGS INC, $36.51, +7.22 pct
The maker of Eveready batteries initiated a dividend program and said it would pay 25 cents per share, payable on Sept. 9. The company said it anticipated paying 25 cents per share cash dividend each quarter, with payment dates in March, June, September and December.
** VAALCO ENERGY INC, $2.28, +12.87 pct
** PACIFIC DRILLING SA, $2.8, +5.26 pct
** ADVANTAGE OIL AND GAS LTD, $6.32, +3.10 pct
** BAYTEX ENERGY CORP, $15.27, +3.18 pct
** JUST ENERGY GROUP INC, $5.17, +5.30 pct
** MAGELLAN MIDSTREAM PARTNERS LP, $74.36, +4.98 pct
U.S.-listed shares of oil and gas companies rose after oil prices edged higher as the dollar slipped following weaker-than-expected U.S. non-farm payrolls data.
** FRONTLINE LTD, $2.42, -6.20 pct
John Fredriksen will merge tanker companies Frontline and Frontline 2012, the Norwegian shipping tycoon announced on Thursday.
Frontline 2012 was spun off from Frontline three years ago and has since divested its dry-bulk and gas fleet to focus on crude oil and product tankers.
** GENERAC HOLDINGS INC, $37.17, -6.56 pct
BofA Merrill Lynch cut its rating on the generator maker’s stock to “underperform” from “neutral”, according to Theflyonthewall.com.
** CHART INDUSTRIES INC, $36.37, +6.91 pct
The LNG equipment maker will replace IT services provider iGATE Corp in the S&P SmallCap 600 index after close of trading on July 6.
** LIMELIGHT NETWORKS INC, $4.13, +4.56 pct
Cowen & Co started covering the stock with an “outperform” rating and a $5 price target, citing the company’s “refined go-to-market strategy” and strong industry tailwinds in 2016.
** PROGRESS SOFTWARE CORP, $29.351, +4.27 pct
The enterprise software maker reported a better-than-expected second-quarter profit and adjusted revenue, helped by higher sales in its software license business.
** GREEN BRICK PARTNERS INC, $12.09, +4.77 pct
Activist investors David Einhorn and Daniel Loeb, the residential land developer’s top two shareholders, increased their stake.
** HANSEN MEDICAL INC, $0.9, +4.66 pct
The medical robotics maker said the U.S. FDA approved its Magellan 10Fr robotic catheter for use in procedures to treat circulation disorders.
** PETROLEO BRASILEIRO SA, $8.91, +3.01 pct
Brazil’s state-run oil company Petrobras moved quickly on Wednesday to deliver on promises to shed assets and raise cash by announcing the sale of stakes in two offshore oilfields and a study of ways to sell part of its fuel-distribution unit. (Compiled by Manya Venkatesh in Bengaluru; Editing by Simon Jennings and Kirti Pandey)