(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 little changed on Wednesday ahead of a statement from the U.S. Federal Reserve. The Dow Jones industrial average was up 0.11 percent at 17,648.8, the S&P 500 was up 0.07 percent at 2,094.63 and the Nasdaq Composite was down 0.09 percent at 5,084.437.
** CYTEC, $73.99, +26.72 pct
Belgian chemical group Solvay has agreed to buy U.S. peer Cytec for $5.5 billion, giving it a bigger presence in the lightweight materials business where demand from the aerospace industry is booming.
** YELP INC, $24.3, -27.48 pct
The operator of consumer review website reported a surprise loss and forecast revenue for the current quarter that fell far below market expectations. The company also reported its slowest revenue growth in 18 quarters in the three months ended June 30, and said Chairman Max Levchin would step down “to pursue other interests.”
** TWITTER INC, $31.75, -13.11 pct
The microblogging company said its number of monthly average users grew at the slowest pace since it went public in 2013.
** NATURAL HEALTH TRENDS CORP, $30.399, +22.97 pct
The direct-selling and e-commerce company’s revenue for the second quarter more than doubles to $69.7 mln, helped by strong demand in Hong Kong, its biggest business.
** BUFFALO WILD WINGS INC, $188.965, +10.33 pct
The restaurant operator posted a better-than-expected rise in same-store sales in the second quarter.
** PANERA BREAD CO, $201.48, +7.75 pct
The bakery cafe operator said same-store sales at company-operated restaurants accelerated in current quarter, rising 4.7 percent in the first 27 days of the third quarter.
** GILEAD SCIENCES INC, $118.08, +4.43 pct
The drugmaker said on Tuesday sales of its hepatitis C drugs hit a record of nearly $5 billion, surpassing Wall Street estimates as strong demand offset pricing pressures and restrictions on patient use from U.S. health insurers.
** CALIX INC, $8.19, +17.00 pct
The network gear maker reported adjusted profit of 6 cents per share for the second quarter, as gross margins improve. Wall Street was expecting loss of 3 cents per share.
** GLAXOSMITHKLINE, $42.77, +2.54 pct
The drugmaker moved to reclaim its prowess as a research powerhouse on Wednesday by flagging up dozens of new drugs and vaccines in development, as demand for new HIV medicines helped it beat quarterly profit forecasts.
** AKAMAI TECHNOLOGIES INC, $68.335, -7.22 pct
The online content distributor forecast third-quarter revenue and profit below estimates, citing a stronger dollar.
** MASTERCARD INC, $94.04, -1.18 pct
The credit and debit card issuer reported lower-than-expected quarterly revenue as the company offered more rebates and incentives to win new and renewed deals.
** GALENA BIOPHARMA INC, $1.6799, +4.34 pct
The drugmaker launches a treatment, which is a soluble film that dissolves under tongue, for chemotherapy-induced nausea and vomiting.
** GENERAL DYNAMICS CORP, $152.24, +5.51 pct
The maker of ships, tanks and business jets, reported higher-than-expected quarterly earnings and revenues on Wednesday, and sharply raised its outlook for full-year profit.
** ATMEL CORP, $8.03, -6.08 pct
The chipmaker’s revenue and adjusted profit for the second quarter misses estimates, hurt by declines in older memory products.
** NORTHROP GRUMMAN CORP, $169.01, +3.47 pct
The maker of global hawk drones reported higher-than-expected quarterly earnings and raised its guidance for earnings in the full year, despite flat or lower revenues in each of its four business sectors.
** ROCKWELL AUTOMATION INC, $116.23, -2.52 pct
The company that makes automation systems that help factories run smoothly reported a 4.5 percent fall in quarterly revenue, hurt by a strong dollar and slowing industrial production growth.
** GOODYEAR TIRE & RUBBER CO, $31.035, +5.13 pct
The largest U.S. tire maker by sales reported a better-than-expected quarterly profit, helped by higher demand in North America and lower costs.
** THOMSON REUTERS CORP, $38.82, +3.08 pct
The news and information company reported a higher-than-expected quarterly profit even as its biggest division that serves banks and financial institutions showed underlying growth for the first time since 2011.
** SPIRIT AEROSYSTEMS HOLDINGS INC, $54.28, +2.67 pct
The aircraft parts maker reported an 8.4 percent rise in quarterly profit as costs fell.
** MICROSOFT CORP, $45.635, +0.65 pct
The company launched its much-awaited Windows 10 operating system at midnight on Wednesday.
** HILTON WORLDWIDE HOLDINGS INC, $27.18, +2.60 pct
The hotel chain operator raised its full-year profit forecast as improvement in the U.S. economy boosts occupancy and room rates. (Compiled by Rosmi Shaji in Bengaluru; Edited by Don Sebastian)