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U.S. stock index e-mini futures fell on Tuesday as oil prices steadied but remained close to a 7-year low and weak economic data out of China reignited fear of a slowdown in the global economy: Dow Jones industrial average futures were down 0.88 percent at 17,599, S&P 500 futures were down 0.91 percent at 2,062 and Nasdaq 100 futures were down 1.00 percent at 4,654.
** QUALCOMM INC, Monday close $52.43, -1.77 pct premarket
The chipmaker said Taiwan’s Fair Trade Commission had launched an investigation into whether its patent licensing arrangements violate the Taiwan Fair Trade Act.
** CHIPOTLE MEXICAN GRILL, Monday close $551.75, -5.19 pct premarket
Thirty Boston College students got sick after eating at the Chipotle Mexican Grill over the weekend, a school spokesman said, worsening fears of more food poisoning problems at the burrito chain. Chipotle said it had temporarily closed its restaurant in Boston’s Cleveland Circle, where a college spokesman said all the students reported eating, while it works with local health officials to investigate the illnesses.
** OUTERWALL INC, Monday close $58.06, -22.49 pct premarket
JP Morgan Securities, Roth Capital Partners and Wedbush Securities cut their price targets on the Redbox DVD rental kiosks owner’s stock after the company cut its full-year forecast to below analysts’ expectation on Monday.
** HOMEINNS HOTEL GROUP, Monday close $34.5
China’s BTG Hotels Group said it would acquire domestic rival Homeinns for around 11 billion yuan ($1.7 billion) to round out its portfolio of brands. State-owned BTG will pay $35.80 in cash for each American depositary share of the company.
** CAESARS ENTERTAINMENT CORP, Monday close $7.14
A fight between creditors and the casino company over some $18 billion of unpaid debt has moved to Washington as the company and its private equity owners lobby to change a law that protects bondholders. Caesars, owned by Apollo Global Management and TPG Capital, saw its unit, Caesars Entertainment Operating Co, file for bankruptcy in January, partly after its $30.7 billion leveraged buyout in 2008 ran into trouble during a slump in gambling.
** STAPLES INC, Monday close $10.66
** OFFICE DEPOT INC, Monday close $5.59
The U.S. Federal Trade Commission said it had filed a complaint aimed at stopping Staples, the nation’s largest office supply store, from buying its top rival, Office Depot. Canada’s Competition Bureau also said on Monday it would challenge the proposed transaction, which has received the green light from competition authorities in China, Australia and New Zealand.
** VALEANT PHARMACEUTICALS INTERNATIONAL INC, Monday close $92.24
The Canadian drugmaker is reaching out to potential buyers for its specialty contact lens manufacturing division, Paragon Vision Sciences, amid scrutiny from the Federal Trade Commission, according to two people familiar with the matter.
** TONIX PHARMACEUTICALS HOLDING CORP, Monday close $6.95, +0.43 pct premarket
The drug developer said it was teaming up with the U.S. Department of Defense to further develop its experimental PTSD drug, which if approved, could be the first treatment for the psychiatric disorder in more than 15 years.
** THERAPEUTICSMD INC, Monday close $6.53
The drug developer said a late-stage study of its experimental drug to treat vaginal pain met the main goal in a late-stage study. The company said all three doses of the experimental drug, TX-004HR, reduced vaginal pain during intercourse in women who had undergone menopause.
** VERIZON COMMUNICATIONS INC, Monday close $46.06
** YAHOO INC, Monday close $34.68, -0.75 pct premarket
Verizon Communications Chief Financial Officer Fran Shammo, said the No. 1 U.S. wireless carrier could look at buying Yahoo’s core business, which includes Mail, its news and sports sites and advertising technology, if it is a good fit.
** PEP BOYS-MANNY, MOE & JACK, Monday close $16.06
Carl Icahn offered to buy the U.S. auto parts retailer in a deal valuing the company at about $837 million, trumping Japanese tire maker Bridgestone Corp’s offer of $810 million. Icahn Enterprises offered $15.50 per Pep Boys share in cash, a 1.2 percent discount to Friday’s close, but higher than Bridgestone’s offer of $15 per share, also in cash.
** NEWELL RUBBERMAID INC, Monday close $48.16
** JARDEN CORP, Monday close $50.09, +1.70 pct premarket
Newell Rubbermaid, known for its Sharpie markers and Parker pens, is in talks to combine with consumer products company Jarden Corp, according to a person familiar with the matter who requested anonymity because the negotiations are confidential. (Compiled by Sruthi Shankar in Bengaluru; Editing by Kirti Pandey)