(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 was slightly higher on Friday after data pointed to strength in the U.S. labor market and a rebound in the manufacturing sector. The Dow Jones industrial average was up 0.50 percent at 17,773.92, the S&P 500 was up 0.42 percent at 2,068.46 and the Nasdaq Composite was up 0.65 percent at 4,901.596.
** CARDIOVASCULAR SYSTEMS INC, $12.9972, +25.33 pct
The heart device maker on Thursday announced broad-based restructuring measures to reduce costs, including a workforce reduction of about 8 percent.
** UNITED CONTINENTAL, $56.63, -5.40 pct
** AMERICAN AIRLINES, $39.6, -3.44 pct
** DELTA AIR LINES, $46.98, -3.49 pct
** HAWAIIAN HOLDINGS, $45.83, -2.88 pct
** SOUTHWEST AIRLINES, $44.32, -1.07 pct
** ALASKA AIR, $81.74, -0.34 pct
** JETBLUE, $21.18, +0.28 pct
** SPIRIT, $47.16, -1.71 pct
** SKYWEST, $19.51, -2.40 pct
Deutsche Bank says key macro indicators suggest more challenging environment for 2016, downgrading the majors to “hold” from “buy” and lowering PTs.
** TESLA MOTORS, $238.28, +3.70 pct
The company gave a sneak preview Thursday of its Model 3 sedan, saying more than 130,000 people had ordered the car, even though it is more than a year away from production.
Shares surge as Model 3 orders speed past estimates
** RENTECH INC, $2.76, +24.32 pct
The nitrogen fertilizer retires $100 mln of preferred stock and repays about $42 mln of debt held by Blackstone’s arm, GSO Capital Partners.
** ROVI CORP, $17.45, -14.92 pct
The provider of digital entertainment guides sues Comcast Corp, the largest U.S. cable operator, for infringing on 14 of its patents.
** CONOCOPHILLIPS, $39.59, -1.69 pct
** CHEVRON CORP, $94.5, -0.94 pct
** NATIONAL-OILWELL VARCO INC, $29.63, -4.73 pct
** HALLIBURTON CO, $35.06, -1.85 pct
** SCHLUMBERGER LTD, $72.74, -1.37 pct
** ENSCO PLC, $9.73, -6.17 pct
** TRANSOCEAN LTD, $8.66, -5.25 pct
** SEADRILL LTD, $3.13, -5.15 pct
** ROWAN CO PLC, $15.72, -2.36 pct
** DIAMOND OFFSHORE DRILLING INC, $21.33, -1.84 pct
** HELMERICH & PAYNE INC, $56.95, -3.01 pct
** NABORS INDUSTRIES LTD, $9.03, -1.85 pct
** GULFMARK OFFSHORE INC, $5.5, -10.86 pct
** HORNBECK OFFSHORE SERVICES INC, $9.2, -7.35 pct
** JONES ENERGY INC, $3.09, -7.21 pct
** EP ENERGY CORP, $4.13, -8.63 pct
** SANCHEZ ENERGY CORP, $5.01, -8.74 pct
** NOBLE CORP PLC, $9.95, -3.86 pct
** BASIC ENERGY SERVICES INC, $2.54, -7.97 pct
** WHITING PETROLEUM CORP, $7.73, -3.13 pct
Oil futures fall with the market growing increasingly skeptical that a looming deal to freeze crude production can help clear a global glut.
** STARWOOD HOTELS & RESORTS WORLDWIDE INC, $79.73, -4.43 pct
** MARRIOTT INTERNATIONAL INC, $67.705, -4.88 pct
China’s Anbang Insurance Group Co said on Thursday it has abandoned its $14 billion bid for Starwood Hotels & Resorts Worldwide, paving the way for Marriott to buy the Sheraton and Westin hotels operator.
“MAR’s shareholder vote is uncertain given the higher price and our feeling that MAR’s raising and altering the mix of its equity and cash from its original bid was almost unnecessary,” JP Morgan analysts write in a note.
BREAKINGVIEWS-Anbang risks a Year of the Stalking Horse
** SUNEDISON INC , $0.5026, -6.96 pct
The struggling solar company said it received a subpoena from the U.S. Department of Justice seeking details related to its failed deal to buy Vivint Solar Inc and transactions with its two publicly listed units.
** TERRAFORM POWER INC, $9.755, +12.77 pct
Hedge fund Appaloosa LP raised its stake to 10.88 percent in the company, one of the two publicly listed units of struggling solar company SunEdison.
** BLACKBERRY LTD, $7.47, -7.66 pct
The smartphone industry pioneer reported a larger-than-expected slide in fourth-quarter revenue amid weakness in hardware sales.
** MARVELL TECHNOLOGY GROUP LTD, $9.8, -4.95 pct
The chipmaker said it is unable to file 10-K for year ended Jan. 30 due to internal accounting probe.
** REGENERON PHARMACEUTICALS INC, $406.64, +12.82 pct
The drugmaker and Sanofi said their experimental treatment for eczema proved highly effective in two large studies, without serious side effects often seen with standard treatments for the chronic inflammatory skin disease.
** TEXAS CAPITAL BANCSHARES INC, $36.51, -4.87 pct
Barclays cuts price target for third time this year. Reduces PT to $44 from $45 on worries of impact of falling oil prices on Texas economy.
** URBAN OUTFITTERS INC, $34.44, +4.08 pct
At least five brokerages raise price targets on the apparel retailer’s stock, SunTrust Robinson to $39 from $34. (Compiled by Rosmi Shaji in Bengaluru; Editing by Sriraj Kalluvila)