(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. stock index e-mini futures rose on Monday after tepid U.S. jobs data on Friday hardened views that the Federal Reserve will not raise interest rates this year: Dow Jones industrial average futures were up 0.68 percent at 16,488, S&P 500 futures were up 0.69 percent at 1,956.5 and Nasdaq 100 futures were up 0.60 percent at 4,286.75were up 0.61 percent at 4,287.25.
** GENERAL ELECTRIC CO, Friday close $25.47, +3.14 pct premarket
Nelson Peltz’s Trian Fund Management said it had bought $2.5 billion in shares of the industrial conglomerate since May, making it one of the company’s top 10 shareholders.
GE is now Trian’s largest investment with a beneficial ownership of 98.5 million shares, or a roughly 1 percent stake.
** SPARK THERAPEUTICS INC, Friday close $43.93, +40.00 pct premarket
The drug developer said its experimental gene therapy met main goal of improving vision in patients with a type of inherited eye disorder, in late-stage study.
** TWITTER INC, Friday close $26.31, +2.74 pct premarket
Twitter named interim Chief Executive Jack Dorsey as its permanent CEO on Monday. Dorsey has served as interim CEO for the past three months, after Dick Costolo stepped down on July 1.
** AMERICAN APPAREL INC, Friday close $0.1123, -24.31 pct premarket
The teen apparel retailer filed for chapter 11 bankruptcy protection on Monday, joining a rising number of U.S. apparel retailers reeling under tough competition and lower spending by teen shoppers. +15.49
** Suncor Energy Inc, Friday close $26.86, -2.20 pct premarket
The Canadian oil and gas producer launched an all-stock hostile bid for Canadian Oil Sands Ltd, valued at about C$4.3 bln ($3.29 bln). The offer, which works out to C$8.84 per share based on Suncor’s Friday close, represents a premium of about 43 percent to Canadian Oil Sands’ Friday close.
** ALCOA INC, Friday close $9.52, +1.58 pct premarket
Alcoa said it has signed a contract worth about $1 billion with Airbus Group for multi-material aerospace fastening systems.
** FireEye Inc, Friday close $33.06, -3.36 pct premarket
Piper Jaffray & Co downgraded the cybersecurity software maker’s stock to “neutral” from “overweight” and slashed its price target to $37 from $60. “We are concerned that the recent string of departures could create disruption at the company, potentially impacting product development or sales growth,” Piper analysts wrote.
** POTASH CORP OF SASKATCHEWAN INC, Friday close $20.5, +4.63 pct premarket
The fertilizer company said it had withdrawn its $8.9 billion offer for German potash producer K+S, citing a decline in global commodity and equity markets and a lack of engagement by K+S management.
** ARCELORMITTAL SA, Friday close $5.45, +4.22 pct premarket
Citi upgraded the steel producer’s stock to “buy” from “sell”. The brokerage said the valuation means it is worth the risk of being early to upgrade after a 50 percent share price fall since May. (Compiled by Arunima Banerjee in Bengaluru; Editing by Anil D‘Silva)