(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 indexes were little changed on Wednesday as investors awaited the outcome of a Federal Reserve meeting on monetary policy. The Dow Jones industrial average was down 0.15 percent at 17,225.74, the S&P 500 was down 0.20 percent at 2,011.99 and the Nasdaq Composite was up 0.01 percent at 4,729.107.
** CHIPOTLE MEXICAN GRILL INC, $498.11, -0.97 pct
The burrito chain operator’s turnaround timeline appeared to lengthen on Tuesday after it reported a steeper-than-expected slide in February sales at established restaurants and warned that it will post its first quarterly loss as a public company.
** ORACLE CORP, $40.25, +3.90 pct
The business software maker reported a higher-than-expected quarterly profit as its cloud business continued to gain momentum, and the company said it was boosting its stock buyback program by $10 billion.
** PEABODY ENERGY CORP, $2.05, -48.88 pct
The largest U.S. coal producer said it may have to seek Chapter 11 bankruptcy protection after it delayed an interest payment due on Tuesday.
** LINKEDIN CORP, $110.03, -4.80 pct
Morgan Stanley downgraded the professional social network operator’s rating to “equalweight” from “overweight” and slashed price target to $125 from $190.The company forecast lower-than-expected first-quarter profit and revenue on Feb. 4, as growth slowed in ads business and its hiring services faced pressure outside North America.
** SUNEDISON INC, $1.92, -7.69 pct
** TERRAFORM POWER INC, $9.505, -9.91 pct
The solar company said it delayed filing its annual report beyond the extended due date of March 15 after identifying material weaknesses in its financial reporting controls. Its “yieldco” TerraForm Power also said it had delayed filing its annual report.
** CAESARS ENTERTAINMENT CORP, $6.46, -10.28 pct
Caesers Entertainment and its private equity backers could be on the hook for up to $5.1 billion in potential damages over a series of corporate deals that a court-ordered examiner said Tuesday led to a $18 billion bankruptcy protection filing by the casino company’s operating unit.
** GAP INC, $28.94, -2.59 pct
Morgan Stanley cuts the apparel retailer’s rating to “underweight” from “equal-weight”. “GPS will likely struggle to win back younger consumers,” Morgan Stanley analyst Kimberly Greenberger wrote in a note.
** MALLINCKRODT PLC, $51.91, -12.77 pct
Continues falling after a 14.5 pct tumble on Tuesday on report from Valeant Pharmaceuticals . JP Morgan analyst Chris Schott said in research note that he expects Valeant headlines to continue to weigh on the sector, noting “it’s hard to call a bottom in sentiment in the near-term”.
** GAIN CAPITAL HOLDINGS INC, $6.55, -8.65 pct
The independent provider of online forex trading said in a filing on Tuesday that its financial statements for 2013 and 2014 and first three quarters of 2015 were not to be relied upon.
** MAGICJACK VOCALTEC LTD, $7.38, -14.78 pct
The company, which makes devices used to make and receive calls over the internet, reported lower-than-expected fourth-quarter revenue on Tuesday, as fewer subscribers opted to renew their access rights to MajicJack’s cloud-based software.
** AVID TECHNOLOGY INC, $7.1, +6.13 pct
The video editing software maker forecast first-quarter revenue largely above average analyst estimate.
** BIO BLAST PHARMA LTD, $5.38, +103.79 pct
The drug developer said final results from mid-stage study of its drug to treat oculopharyngeal muscular dystrophy shows drug was safe and effective in improving muscle function while reducing difficulty in swallowing.
** DSW INC, $26.28, -7.27 pct
Johnson Rice & Co downgraded the footwear and accessories retailer’s stock to “accumulate” from “buy”, calling the company’s full-year 2016 forecast muted and citing concerns about DSW’s expectations of higher costs and flattish gross margins.
** FOSSIL GROUP INC, $44.07, -5.93 pct
Macquarie Research downgraded the watches and accessories retailer’s stock rating to “underperform” from “neutral”, citing lower order backlogs, higher finished inventories and concerns about company’s move into wearable device market.
** CHARTER COMMUNICATIONS INC, $195.19, +4.42 pct
** TIME WARNER CABLE INC, $201.18, +2.81 pct
U.S. Federal Communications Commission Chairman Tom Wheeler is likely to circulate a draft order approving Charter Communications Inc’s $56 billion deal to buy Time Warner Cable Inc, the Wall Street Journal reported, citing people familiar with the matter.
** ENSCO PLC, $11.09, +1.65 pct
** W&T OFFSHORE INC, $2.63, +12.39 pct
** BONANZA CREEK ENERGY INC, $1.99, +0.51 pct
** EP ENERGY CORP, $5.81, +10.46 pct
Oil prices rose on an announcement that producers will meet next month in Qatar to discuss a proposal to freeze output and on growing signs of a decline in U.S. crude production.
** OSIRIS THERAPEUTICS INC, $4.71, -8.19 pct
The drug developer said it will miss 10-k filing deadline for year ending Dec.31 and said that it is transitioning to a new accounting firm, which will require additional time to conduct audit of the company’s 2015 financial statements.
** EVERI HOLDINGS INC, $2.07, -34.49 pct
The provider of cash services to casinos reported fourth-quarter earnings of 10 cents per share versus estimate of 15 cents per share, hurt by decline in cash advance revenue, and higher costs.
** ARCOS DORADOS HOLDINGS INC, $3, +9.49 pct
The largest McDonald’s restaurant operator in Latin America signed deals to redevelop some properties in Mexico and refranchise more than 25 of its company-operated restaurants as part of real estate monetization plan.
** CREDIT SUISSE GROUP AG, $14.41, -5.88 pct
Traders cited the company’s CFO’s cancellation of presentation at banking conference and said speculation that withdrawal could be in anticipation of negative news.
** DEUTSCHE BANK AG, $19.08, -5.31 pct
The bank’s CEO John Cryan said trading rush after ECB action will not offset weak start of the quarter. “I guess that market now expects weaker quarterly results for all European banks,” a local trader said.
** UBS GROUP AG, $15.91, -5.47 pct
Downbeat comments from Chief Executive Sergio Ermotti at a banking conference. He said transaction-based revenues in wealth management business have not rebounded to levels typically seen in previous first quarters.
** RENTECH INC, $2.27, -13.69 pct
The nitrogen fertilizer maker reported fourth-quarter loss of 48 cents per share, excluding asset impairments, versus estimated loss of 8 cents per share. (Compiled by Arunima Banerjee in Bengaluru; Edited by Don Sebastian)