(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. stocks were little changed in late morning trading on Friday as a bounce in healthcare shares struggled to offset declines in energy and material stocks.
The Dow Jones industrial average was down 0.25 percent at 17,695.95, the S&P 500 was up 0.04 percent at 2,057.89 and the Nasdaq Composite was up 0.35 percent at 4,752.593.
** LENDING CLUB CORP, $5.19, -26.90 pct
The online lending platform said CEO Renaud Laplanche had resigned after an internal probe found that $22 million of near-prime loans were sold to an investor on terms that didn’t comply with the investor’s instructions.
BREAKINGVIEWS-Lending Club shows limits of fintech disruption
** JD.COM, $22.86, -9.29 pct
The Chinese online retailer forecast slower revenue growth for the second quarter on Monday.
** VALEANT PHARMACETICALS INTERNATIONAL INC, $29.58, -1.04 pct
The Canadian drugmaker said on Monday it expected to file its first-quarter report with U.S. and Canadian regulators on or before June 10, ahead of a July 31 deadline, and reiterated its first-quarter forecasts.
** KRISPY KREME DOUGHNUTS INC, $20.92, +24.08 pct
The doughnut chain operator will be taken private by JAB Holding Co for about $1.35 billion, the second buyout of a U.S. food company by the German investment firm in just over two months.
** BAIDU INC, $167.55, -3.67 pct
The death of a student following experimental cancer treatment he found through China’s biggest search engine has exposed the faultlines in the company’s business model, which relies heavily on income from the country’s lightly regulated health sector.
** MGT CAPITAL INVESTMENTS INC, $0.488, +36.50 pct
The investor in fantasy sports and mobile games said anti-virus software pioneer John McAfee would be its new CEO and that it would buy certain assets of McAfee’s anti-spy software company D-Vasive Inc.
** ARIAD PHARMACEUTICALS INC, $7.23, +3.58 pct
** INCYTE CORO, $69.905, -1.11 pct
Cancer drug maker Ariad Pharma said it is selling its European operations to drugmaker Incyte for $140 million upfront and milestone payments.
** HORIZON PHARMA PLC, $15.71, +17.15 pct
The drugmaker reported higher-than-expected Q1 profit and revenue, helped by strong sales of its orphan drugs including Ravicti, Actimmune, Krystexxa and Buphenyl.
** TOWER SEMICONDUCTOR LTD, $12.31, +4.68 pct
The Israeli chipmaker swung to a profit in the first quarter, boosted by the acquisition of a U.S. plant, and said it expects revenue to jump in the next quarter as well.
** UNILIFE CORP, $0.3552, -30.01 pct
The medical device maker said it found violations of company policies and procedures and possible violations of law and regulation by former CEO and former chairman of the board who resigned in 2015.
** TEVA PHARMACEUTICAL INDUSTRIES LTD, $52.68, +4.79 pct
Israel-based Teva reported a smaller than expected decline in first-quarter profit as sales of generic drugs fell 17 percent while revenue from its top drug Copaxone rose.
** COLONY CAPITAL INC, $18.68, +4.88 pct
** NORTHSTAR ASSET MANAGEMENT GROUP INC, $12.955, +7.78 pct
The private equity firm Colony Capital is in talks to buy commercial real estate manager NorthStar Asset Management, the companies said.
** HCP INC, $36.23, +4.86 pct
The real estate investment trust (REIT) focused on healthcare, said it would spin off its skilled nursing and assisted living properties into a publicly-traded REIT.
** FREEPORT-MCMORAN INC, $10.68, -9.41 pct
The U.S. miner said on Monday it would sell its 70 percent stake in a unit controlling the Tenke copper project in the Democratic Republic of Congo (DRC) to China Molybdenum Co Ltd (CMOC) for $2.65 billion.
** TETRA TECHNOLOGIES INC, $5.09, -17.90 pct
The oilfield services company reported a bigger-than-expected quarterly loss, hurt by reduction in North American rig count amid the prolonged oil slump.
** WAYFAIR INC, $39.98, +11.09 pct
The online furniture retailer’s Q1 sales jumped 76 percent, beating analysts’ expectations, as sales rose in its 5 in-house brands including Joss & Main and DwellStudio.
** SANCHEZ ENERGY CORP, $8.1, -7.11 pct
The oil producer reported wider-than-expected Q1 loss on lower sales prices amid the continued oil slump.
** CLIFFS NATURAL RESOURCES INC, $3.12, -11.11 pct
Casablanca Capital LP on Friday sold its full stake in the iron ore producer as it winds down business following the death of its co-founder.
** ANGLOGOLD ASHANTI LTD, $14.23, -13.07 pct
** NEWMONT MINING CORP, $14.23, -13.07 pct
** SILVER STANDARD RESOURCES INC, $8.32, -8.37 pct
** FIRST MAJESTIC SILVER CORP, $9.3, -10.23 pct
Gold fell more than 1 percent and silver was down 2.2 percent as the strengthening dollar and a sharper appetite for assets seen as higher risk sparked selling across commodities.
** AK STEEL HOLDING CORP, $3.695, -9.66 pct
** ARCELORMITTAL SA, $4.75, -9.70 pct
** STEEL DYNAMICS INC, $23.715, -4.91 pct
** CENTURY ALUMINUM CO, $6.89, -9.93 pct
A bigger-than-expected drop in China’s imports and exports in April pointed to weak demand in the world’s second-biggest economy and weighed on materials stocks. (Reporting by Arunima Banerjee in Bengaluru; Editing by Savio D’Souza)