March 24, 2014 / 11:49 AM / 4 years ago

MARKET PULSE-Nokia, J.C. Penney, Herbalife, JPMorgan, Apple

(For more market insights, including options activity, click on ; for the Day Ahead newsletter; for the Morning News Call newsletter, Dow Jones industrial average futures were up 0.15 percent at 16,246, S&P 500 futures were up 0.23 percent at 1,861.2 and Nasdaq 100 futures were up 0.25 percent at 3,648.

** HERBALIFE LTD, Friday close $49.54, +4.97 pct premarket

The nutrition and weight-loss company said it would allow three more representatives of billionaire investor Carl Icahn to join its board, sending the company’s shares up before the bell on Monday.

** MICROSOFT CORP, Friday close $40.16

** NOKIA CORP, Friday close $7.17, +0.70 pct premarket

The Finland-based handset maker does not expect to close the sale of its phone business to Microsoft until April as talks with Asian regulators drag on, it said on Monday, fuelling speculation it may have to make more concessions to get the deal done.

** NU SKIN ENTERPRISES INC, Friday close $75, +25.33 pct premarket

China has fined NU Skin Enterprises more than $500,000 for illegal product sales and misleading local consumers, the country’s watchdog said in a statement on Monday, adding it would strengthen regulation of the country’s direct sales market.

** JPMORGAN CHASE & CO, Friday close $60.17

The financial holding company’s chief executive for China investment banking, Fang Fang, will leave the firm, according to an internal memo - a departure that comes amid a probe of JPMorgan hiring practices in Asia.

** GENERAL MOTORS CO, Friday close $35.01, -0.20 pct premarket

Federal authorities are investigating whether the U.S. car maker hid an ignition switch defect when it filed for bankruptcy in 2009, The New York Times reported on Saturday.

** YANZHOU COAL MINING CO LTD, Friday close $7.75

The Chinese coal miner ditched a plan to buy out the minority shareholders of its Australian unit, sending shares of the Sydney-listed firm diving and boding ill for an industry that has been trying to get back on its feet.

** J.C. PENNEY COMPANY INC, Friday close $8.49

** MACY‘S INC, Friday close $58.97


J.C. Penney said it did not expect the outcome of its pending lawsuit with retailer Macy’s over a home products deal with Martha Stewart Living Omnimedia to have a material adverse impact on its results.

** NOVARTIS AG, Friday close $81.73

Results of two late-stage clinical trials showed high efficacy for the drug maker’s drug secukinumab when used by patients suffering from moderate-to-severe plaque psoriasis, the Swiss drugmaker said on Saturday.

** JOHNSON & JOHNSON, Friday close $95.93, -0.15 pct premarket

An experimental Johnson & Johnson drug for moderate to severe psoriasis proved significantly better at clearing the scaly, uncomfortable skin patches associated with the disease than a placebo, according to data from a midstage study presented on Saturday.

** CELGENE CORP, Friday close $144.4

U.S. health regulators approved on Friday the company’s drug to treat psoriatic arthritis, a type of arthritis associated with the skin disease psoriasis that causes joint pain, stiffness and swelling.

** APPLE INC, Friday close $532.87, +1.28 pct premarket

** COMCAST CORP, Friday close $50

Apple is in talks with Comcast Corp to enter into a deal for a streaming-television service that would allow Apple set-top boxes to bypass congestion on the web, the Wall Street Journal reported, citing people familiar with the matter.

** THE BOEING CO, Friday close $122.58

The U.S. Air Force on Friday estimated that the aerospace company’s development of a new refueling plane would cost nearly $1.1 billion more than initially planned, but the terms of the government’s contract mean Boeing must cover the added costs.

** CANADIAN NATIONAL RAILWAY, Friday close $55.58

The rail transportation company said on Friday that it was prepared to meet one last time with the union representing its conductors, yard workers, and traffic coordinators, if the union agreed to a binding arbitration should talks fail.

** LOCKHEED MARTIN CORP, Friday close $157.4

South Korea expects to pay around 7.34 trillion won ($6.79 billion) for 40 Lockheed Martin F-35 fighter jets, two sources with knowledge of the matter said on Monday, as Seoul boosts its air defences amid simmering tensions in the region.

** CISCO SYSTEMS INC, Friday close $21.64

** AMAZON.COM INC, Friday close $360.62, +0.11 pct premarket

Cisco Systems plans to offer cloud computing services, pledging to spend $1 billion over the next two years to enter a market currently led by the world’s biggest online retailer, the Wall Street Journal reported.

** SPRINT CORP, Friday close $9.05

Sprint Corp cut 330 jobs and closed 55 stores around the United States this week, as part of an ongoing plan to shrink its workforce in 2014, reported.

** TWITTER INC, Friday close $50.92, -0.82 pct premarket

** FACEBOOK INC, Friday close $67.24, +0.01 pct premarket

** GOOGLE INC, Friday close $1,183.04, +0.39 pct premarket

Turkey’s abrupt ban on Twitter stirred concerns on Friday that the country may pull the plug on other social media and Internet services as it grapples with internal turmoil. Prime Minister Tayyip Erdogan has in the past threatened to block Facebook and Google’s YouTube as well, though both remained online.

** AT&T INC, Friday close $34.3

** NETFLIX INC, Friday close $405.99

AT&T on Friday dismissed Netflix’s recent call for free interconnection as an arrogant and unfair attempt to force others to pay for the content provider to gain access to faster broadband speeds and better services. (Reporting By Shuhankar Chakravorty; Editing by Simon Jennings)

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