(For more market insights, including options activity, click on ; for the Day Ahead newsletter link.reuters.com/mex49sfor the Morning News Call newsletter link.reuters.com/nex49s) U.S. stock index futures fell on Friday as deadlines loomed for a political agreement in Washington that would keep the U.S. government running and avoid a debt default, with no clear solution in sight. S&P 500 futures fell 8 points, Dow Jones industrial average futures fell 48 points, and Nasdaq 100 futures lost 12 points.
** BLACKBERRY LTD, Thursday close $7.95, up 2 pct premarket
The company reported a quarterly loss of nearly $1 billion on Friday, in line with last week’s warning, days after accepting its largest shareholder’s tentative $4.7 billion bid to take it out of the public eye.
** J.C. PENNEY CO INC, Thursday close $10.42, down 6 pct premarket
The struggling department store operator expects to raise up to $932 million from a share sale, leaving it with about $2.2 billion in cash at the end of the year. Penney, whose shares have been hit by concerns it doesn’t have enough cash to fund operations going into the holiday shopping season, said on Friday that without the offering it would have about $1.3 billion in cash by the end of the year - about $200 million less than it had forecast on Aug. 19.
** YAHOO INC, Thursday close $32.75, up 2 pct premarket
The U.S. Internet company joined Japan’s SoftBank Corp in backing Alibaba Group Holding Ltd’s planned partnership structure. Yahoo, which owns 24 percent of Alibaba, stands to reap huge windfalls from an IPO as Alibaba’s market valuation would add billions of dollars to the two companies’ assets. Yahoo is also keen to sell part of its stake.
** LUMBER LIQUIDATORS HOLDINGS INC, Thursday close $112.96, down 9 pct premarket
Federal authorities executed a search warrant at the retailer's headquarters and another location, the Associated Press reported. Representatives for Lumber Liquidators did not immediately respond to requests for comment on Friday. In a statement provided to AP, the retailer said it is cooperating to provide information and documentation to "answer questions relating to the importation of certain products". (link.reuters.com/qew43v)
** NEKTAR THERAPEUTICS, Thursday close $13.85, down 17 pct premarket
The drugmaker said its experimental drug to treat chronic pain in patients with arthritis of the knee failed to meet its main goal in a mid-stage clinical trial.
** ACCENTURE PLC, Thursday close $75.87, down 4 pct premarket
The outsourcing and consulting services provider said it was too early to say if the fourth-quarter growth in its consulting business was sustainable, and forecast quarterly revenue below analysts’ estimates.
** TRINA SOLAR LTD, Thursday close $12.84, up 3 pct premarket
** YINGLI GREEN ENERGY HOLDING CO LTD, Thursday close $6.10, up 4 pct premarket
Deutsche Bank raised its ratings on the Chinese solar panel makers to “buy” from “hold”, saying demand is growing a lot faster than expected since China announced in mid 2013 incentives for the sector and initiatives to curb pollution. “Companies with scale, international brand recognition and deep-rooted China relationships stand to emerge as long-term winners,” the brokerage said in a note.
** NIKE INC, Thursday close $70.34, up 7 pct premarket
** FOOT LOCKER, Thursday close $32.76, up 3 pct premarket
Nike enjoyed big sales in gains in North America and Europe last quarter and benefited from fewer markdowns, helping the maker of sports clothes and shoes report a stronger-than-expected quarterly profit.
At least six brokerages raised their price targets on the stock on Friday. Brokerage Sterne Agee & Leach upgraded the stock to “buy” from “neutral,” according to Theflyonthewall.com.
Shares of athletic shoes retailer Foot Locker also rose on the news.
** INTERNATIONAL GAME TECHNOLOGY, Thursday close $20.67, down 3.2 pct premarket
Deutsche Bank cut its rating on the slot-machine maker’s stock to “hold” from “buy”, warning that full-year earnings may remain flat as challenges in the gaming industry increases.
** FINISH LINE INC, Thursday close $22.39, up 10 pct premarket
The athletic footwear retailer reported second-quarter results that beat analysts’ estimates, helped by growth in comparable-store sales.
** ZOLTEK COMPANIES INC, Thursday close $18.51, down 11 pct premarket
Japan’s Toray Industries Inc said it has agreed to buy U.S.-based Zoltek for $584 million in order to increase its share of the worldwide carbon fibre market. The offer of $16.75 per share is at a premium of 2 percent to the stock’s Thursday closing price.
** DECKERS OUTDOOR CORP, Thursday close $66.09, up 1 pct after market
Wedbush Securities on Thursday upgraded the shoe maker’s stock to “outperform” from “neutral,” saying it expects a normal winter and is more comfortable with its near-term revenue estimates. The brokerage also said it was more positive on slippers, new styles and product line extensions at the Ugg brand.
** ENDURO ROYALTY TRUST, Thursday close $13.85, down 4 pct premarket
The trust formed by oil and gas company Enduro Resource Partners LLC said on Thursday that its offering of 11.2 million trust units was priced at $13.85 per unit.
** KIOR INC, Thursday close $2.89, up 3.4 pct premarket
Shares in Kior soared 56 percent on Thursday after the biofuels maker received a critical $50 million pledge from its biggest investor, venture capitalist Vinod Khosla, that will help it to meet its liquidity needs and fund an expansion of its production capacity.
** JONES GROUP INC, Thursday close $15.64
Private equity firm KKR & Co has withdrawn from the bidding process for Jones, two people familiar with the matter said on Thursday, raising questions over the prospects of the auction for the fashion and footwear company.
** JPMORGAN CHASE & CO, Thursday close $51.89
CEO Jamie Dimon met with U.S. Attorney General Eric Holder on Thursday, seeking to make sure a possible $11 billion settlement will end the bank’s pain from mortgage-securities probes, a source said.
Guggenheim Securities cut its price target on the bank’s shares to $63 from $66.
** ENTROPIC COMMUNICATIONS INC, Thursday close $4.33, up 6 pct after market
The company, which designs chipsets for video and broadband multimedia applications, announced a $30 million stock repurchase program on Thursday.
** MYLAN INC, Thursday close $38.37
Generic drugmaker Mylan has won U.S. antitrust approval to buy Agila, a unit of India’s Strides Arcolab Ltd, subject to divesting some products, the Federal Trade Commission said on Thursday. (Compiled by Aditi Shrivastava; Editing by Don Sebastian)