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U.S. stock index futures were higher on Thursday, a day after Wall Street closed sharply lower following hawkish comments from Federal Reserve Chair Janet Yellen that hardened expectations of an interest rate hike this month. Dow Jones industrial average e-mini futures were down 0.37 percent at 17,693, S&P 500 e-mini futures were down 0.23 percent at 2,076.75 and Nasdaq 100 e-mini futures were down 0.19 percent at 4,685.75.
** AVAGO TECHNOLOGIES LTD, Wednesday close $132.21, +9.30 pct premarket
The Apple Inc chip supplier reported better-than-expected fourth-quarter earnings with gross margins of 62 percent above Street estimate of 60.5 percent. At least 13 brokerages raised their price targets on the stock.
** MEDTRONIC PLC, Wednesday close $76.11
The medical device maker reported a better-than-expected quarterly profit on Thursday, helped by higher sales in all of its divisions, and the Dublin-based company raised the lower-end of its full-year profit forecast.
** EXPRESS INC, Wednesday close $17.39, +6.90 pct premarket
The apparel retailer reported better-than-expected third-quarter profit and sales as it continued to control promotions.
** PANDORA MEDIA INC, Wednesday close $14.27, -6.10 pct premarket
The music streaming company is privately offering $300 million, 5-year convertible senior notes. Bookrunner Morgan Stanley plans to price it after close on Dec. 3, according to capital markets sources.
** MCDONALD‘S CORP, Wednesday close $113.72, -0.02 pct premarket
EU antitrust regulators will investigate the U.S. fast food chain’s tax deals with Luxembourg that enabled the company to escape paying taxes on European franchise royalties from 2009, in a move which could lead to hefty back taxes for the company.
** ANHEUSER-BUSCH INBEV, Wednesday close $127.74, +0.29 pct premarket
The world’s biggest brewer is looking to sell SABMiller’s Grolsch and Peroni brands in a bid to address potential concerns among European competition regulators over its planned acquisition of the world’s second largest brewer.
** DYAX CORP, Wednesday close $33.36, +12.44 pct premarket
The rare disease drugmaker said it received early regulatory approval for its pending merger with Britain’s Shire Plc , which is expected to close in the first half of 2016.
** ZAFGEN INC, Wednesday close $6.28, -7.80 pct premarket
The drug developer said late on Wednesday that U.S. Food and Drug Administration had put on complete hold a late-stage study testing its obesity drug, after a second patient died during trial.
** FIREEYE INC, Wednesday close $22.14, +0.99 pct premarket
Hong Kong-based digital toymaker VTech Holdings Ltd said the cybersecurity company’s Mandiant forensics unit was helping it secure its systems after a hacking attack exposed data on 6.4 million children.
** AMERICAN EAGLE OUTFITTERS INC, Wednesday close $15.81, +2.47 pct premarket
The teen apparel retailer said its holiday season sales were off to a “solid start” and named Jay Schottenstein, who was heading the company on an interim basis, as its permanent chief executive.
** BARCLAYS PLC, Wednesday close $13.88, +1.15 pct premarket
The bank is to sell its Italian bank branches to CheBanca!, the retail arm of Mediobanca, and take a 200 million pound ($298.52 million) loss on the deal.
** BOX INC, Wednesday close $14.16, +0.42 pct premarket
The cloud storage provider raised its full-year revenue forecast for the third time as more users sign up for its services.
** GENERAL ELECTRIC CO, Wednesday close $29.97
The diversified conglomerate said on Thursday it had signed a memorandum of understanding with Banque Federative du Credit Mutuel (BFCM) for the potential sale of its Equipment Finance and Receivable Finance businesses in France and Germany.
** ALIBABA GROUP HOLDING LTD, Wednesday close $85
** YAHOO INC, Wednesday close $35.65
The Chinese e-commerce giant is unlikely to be interested in buying Yahoo’s core business, the Wall Street Journal reported.
** ENBRIDGE INC, Wednesday close $35.39
Canada’s largest pipeline company raised its quarterly dividend to 53 Canadian cents per share from 46.5 Canadian cents, payable on March 1.
** KKR & Co LP, Wednesday close $16.58
** CARLYLE GROUP LP, Wednesday close $17.53
The investment firms are among the private equity firms considering buying Doosan Infracore’s machine tools business, the Korea Economic Daily newspaper reported on Thursday.
** DEVON ENERGY CORP, Wednesday close $43.53
The U.S. oil exploration and production company is in discussions to acquire smaller peer Felix Energy LLC for around $2 billion, including debt, according to sources familiar with the matter.
** ALEXION PHARMACEUTICALS INC, Wednesday close $176.58
A new drug to treat a rare inherited bone disorder from the biopharmaceutical company that costs more than $550,000 a year for each patient has been deemed too expensive by Britain’s health cost watchdog NICE.
** SEQUENOM INC, Wednesday close $1.62
A U.S. appeals court refused on Wednesday to reconsider its decision invalidating the life sciences company’s prenatal DNA test patent, a decision that could put in doubt the validity of a wide range of medical and biotechnology patents.
** DOLLAR GENERAL CORP, Wednesday close $65.35
The no.2 U.S. discount retailer by store count reported a 7.3 percent rise in quarterly net sales, helped by higher demand for items such as candy, snacks and tobacco products.
** VIACOM INC, Wednesday close $47.65
Two of the largest shareholders in the entertainment content company have made the highly unusual move of publicly questioning Sumner Redstone’s mental fitness to remain executive chairman of the multi-billion dollar media company.
Mario Gabelli, whose funds hold the second-largest voting stake in Viacom after Redstone himself, and Salvatore Muoio, whose firm is the seventh-biggest voting shareholder, voiced the concerns a week after a former girlfriend of Redstone filed a lawsuit alleging that the 92-year-old mogul was mentally incompetent.
** BAIDU INC, Wednesday close $211.36
Chinese-language Internet search provider said it would become the default search engine for Amazon.com Inc’s Kindle and Fire hardware platforms in China, effective on Thursday.
** FIVE STAR QUALITY CARE INC, Wednesday close $3.49
Gemini Properties' William Thomas reports a 6.1 percent stake in the healthcare service provider and proposes to purchase all of its real estate properties, according to a filing.(1.usa.gov/21wcvmC)
** REINSURANCE GROUP OF AMERICA INC, Wednesday close $92.45
** XL Group Plc, Wednesday close $38.61
Reinsurance said it acquired $22 billion blocks of U.S. term life reinsurance from XL Group. XL expects to record deal-related loss of about $34 million.
** PVH CORP, Wednesday close $93.38, +0.99 pct premarket
The Calvin Klein and Tommy Hilfiger apparel maker reported a better-than-expected third quarter profit, helped by higher demand for its Calvin Klein brand.
** VIOLIN MEMORY INC, Wednesday close $1.31
The flash storage provider said it is exploring strategic alternatives and has retained the service of an investment banking firm to assist with the process. The company also reported third-quarter revenue of $12.5 million, below the average analyst estimate of $17.2 million. (Compiled by Manish Parashar in Bengaluru; Edited by Sriraj Kalluvila)