(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) Wall Street's early gains evaporated on Wednesday morning, led by a drop in Amazon and other consumer discretionary stocks, while crude oil prices struggled to end their losing streak. The Dow Jones industrial average was down 1.00 percent at 16,350.49, the S&P 500 was down 1.11 percent at 1,917.17 and the Nasdaq Composite was down 1.62 percent at 4,610.235.
** SAGENT PHARMA, $15.74, +18.61 pct
The U.S. generic life sciences company focusing on injectable drugs is considering a sale of the company as part of an exploration of strategic alternatives, according to people familiar with the matter.
** CHECK POINT SOFTWARE TECHNOLOGIES, $78.7, -0.06 pct
** CYBERARK SOFTWARE, $45.43, +20.06 pct
Israel cyber security firm Check Point in initial talks to buy smaller provider CyberArk - TheMarker financial newspaper.
** SUPERVALU INC, $5.395, -10.23 pct
Near 3-yr lows on weak Save-A-Lot same-store sales.
** MULTI-FINELINE ELECTRONIX INC, $13.96, -14.88 pct
Estimates net sales below Wall Street.
** FORD MOTOR CO, $12.255, -4.63 pct
Sets a special $1 billion dividend, but profit outlook disappoints.
** METLIFE INC, $43.7, +4.07 pct
The largest U.S. life insurer plans to split its U.S. retail business.
** FXCM INC, $13.86, -18.13 pct
The online forex trading service provider says it expects a delay in assets sale, debt repayment.
** QORVO INC, $40.98, -8.49 pct
** SKYWORKS SOLUTIONS, $62.84, -5.69 pct
** AVAGO TECHNOLOGIES, $126.27, -2.81 pct
Qualcomm grows its radio frequency chipmaking capabilities through a JV with Japan’s TDK Corp. The deal dents Qorvo’s hopes of an M&A deal with Qualcomm. It also drags down Skyworks and Avago.
** TITAN PHARMACEUTICALS INC, $3.19, +6.33 pct
An FDA panel backs approval of the company’s opioid addiction implant.
** CHEVRON CORP, $80.88, -1.55 pct
** EXXON, $76.06, +1.14 pct
** APACHE CORP, $35.57, +0.42 pct
** SW ENERGY CO, $6.06, +2.02 pct
** CONOCOPHILIPS, $39.93, -0.80 pct
** OCCIDENTAL PETROLEUM, $61.29, +0.52 pct
Rare day of gains as oil ends losing streak. Crude prices up due to an unexpected draw in U.S. crude inventories and upbeat Chinese trade data.
** ANTHEM INC, $134.9, -0.52 pct
** EXPRESS SCRIPTS HOLDING CO, $80.19, -6.29 pct
Health insurer Anthem says it is working to renegotiate its contract with Express Scripts. Anthem says it could save $3 bln annually on drug costs from a pricing review.
** CSX CORP, $22.1968, -6.34 pct
The No. 3 U.S. railroad’s fourth-quarter profit falls on lower freight volumes.
** BORGWARNER INC, $33.38, -10.75 pct
Forecasts 2016 profit below analyst estimate.
** INTUITIVE SURGICAL INC, $561.14, +3.51 pct
Estimates fourth-quarter revenue above expectations.
** ATMEL CORP, $7.985, +3.97 pct
** MICROCHIP TECHNOLOGY INC, $43.31, +3.49 pct
Chipmaker Atmel considers Microchip proposal superior to Dialog Semiconductor Plc’s offer.
** SUNEDISON INC, $2.865, -5.13 pct
** VIVINT SOLAR INC, $8.89, -5.83 pct
David Tepper-led hedge fund Appaloosa Management LP sues to prevent SunEdison’s yieldco from buying some of Vivint’s assets.
** CONN’S INC, $14.78, -3.71 pct
Eighth day of decline after Stifel Nicolaus downgrades the household goods retailer to “hold” from “buy”.
** CHIPOTLE MEXICAN GRILL, $430.28, +6.44 pct
Rebounds ahead of executive presentation.
** SLM CORP, $5.85, +4.28 pct
Goldman Sachs raises rating to “buy” from “neutral”.
** SHAW COMMUNICATIONS INC, $17.47, +6.13 pct
The Canadian telecom and cable operator sells media arm for C$2.65 billion. (Compiled by Abhirup Roy in Bengaluru; Editing by Maju Samuel)