April 2, 2014 / 1:24 PM / 4 years ago

REFILE-MARKET PULSE-MannKind, Apollo Education, Envivio, DFC Global, Agrium

(Corrects day of the week to Tuesday from Wednesday in Salesforce item) U.S. stocks were set for a flat open on Wednesday, indicating the S&P 500 will hold near its record high reached in the prior session, after data on the labor market was slightly below expectations. Dow Jones industrial average futures were up 0.13 percent at 16,470, S&P 500 futures were up 0.03 percent at 1,878.3 and Nasdaq 100 futures were up 0.10 percent at 3,654.

** MANNKIND CORP, Tuesday close $4.02, +88.81 pct premarket

U.S. health advisers on Tuesday recommended approval of the company’s inhaled diabetes drug, and said the experimental treatment could help some patients, especially those wary of needles typically used with traditional insulin therapy.

** APOLLO EDUCATION GROUP, Tuesday close $35.16, -3.73 pct premarket

The company reported lower-than-expected quarterly revenue as enrollments declined 16.8 percent at its flagship University of Phoenix.

The company also said it had received a subpoena from the U.S. Department of Education’s Office of Inspector General, seeking information about the operations of the Northeast region of the University of Phoenix.

** DFC GLOBAL CORP, Tuesday close $8.98, +6.68 pct premarket

The pawn and payday lender said it would sell itself to private equity firm Lone Star Funds for $9.50 per share in cash, or about $1.3 billion, including debt.

** GLAXOSMITHKLINE PLC, Tuesday close $53.3, -0.86 pct premarket

** AGENUS INC, Tuesday close $3.31, -9.37 pct premarket

GlaxoSmithKline has stopped a high-profile clinical trial using a novel vaccine to fight lung cancer after deciding it will not be possible to find a sub-group of patients who might benefit.

Agenus contributed technology to the treatment, the MAGE-A3 vaccine, which is aimed at people with established disease, helping their immune systems to prevent the recurrence of disease post surgery.

** ENVIVIO INC, Tuesday close $3.3, +17.58 pct premarket

The company, which provides video processing and delivery software, said its encoders are powering live high-definition sports channels on Apple Inc’s Apple TV for a major European service provider.

** INTUITIVE SURGICAL INC, Tuesday close $493.6, +2.71 pct premarket

JMP Securities analyst J T Haresco raised his rating on the company’s stock to “market outperform” from “market underperform”, saying that the company’s newly approved surgical robot system would eventually replace a large percentage of the older version in use in the United States and could accelerate revenue growth in 2015.

The company said on Tuesday the U.S. Food and Drug Administration approved for marketing an upgraded version of its flagship robotic surgical system.

** MONSANTO CO, Tuesday close $113.99, +0.05 pct premarket

The world’s largest seed company reported higher-than-expected quarterly earnings on Wednesday as its corn and soybean businesses expanded globally.

** AGRIUM INC, Tuesday close $97.52, -3.34 pct premarket

The Canadian fertilizer company said on Wednesday a late start to spring and railroad-related backlogs had hurt its first-quarter earnings.

** SALESFORCE.COM INC, Tuesday close $58.8, +0.63 pct premarket

** CELGENE CORP, Tuesday close $146.6, +1.36 pct premarket

TheStreet's Jim Cramer said Celgene and Salesforce.com are stocks to watch for growth in the second quarter. (r.reuters.com/nyp28v)

** BLACKBERRY LTD, Tuesday close $8.1, +0.12 pct premarket

** T-Mobile U.S. Inc, Tuesday close $33.48

BlackBerry said on Tuesday it will not renew its license with T-Mobile to sell its products after the current contract expires on April 25.

** ESSEX PROPERTY TRUST INC, Tuesday close $174, -1.26 pct premarket

The real estate investment trust said it completed the acquisition of smaller peer BRE Properties Inc to form a combined company with equity market capitalization of about $11.1 billion.

** APPLE INC, Tuesday close $541.65, +0.11 pct premarket

Renesas Electronics Corp is talking with Apple and other potential buyers of a stake in a smartphone display chip unit, as the struggling Japanese chipmaker restructures its business around the automotive industry, said a person familiar with the matter.

** STRATASYS LTD, Tuesday close $110.97, +2.51 pct premarket

The 3D printer maker said it agreed to buy two privately held providers of additive manufacturing services providers - Solid Concepts Inc for $295 million and Harvest Technologies for an undisclosed amount.

Stratasys said the deals are expected to add to adjusted earnings per share within the first 12 months after closing.

** COGNIZANT TECHNOLOGY SOLUTIONS CORP, Tuesday close $51.67, +2.57 pct premarket

UBS upgraded the IT service provider’s stock to “buy” from “neutral”, according to theflyonthewall.com.

** NORDIC AMERICAN TANKERS LTD, Tuesday close $9.83, +1.02 pct premarket

The tanker company almost doubled its quarterly cash dividend to 23 cents per share from 12 cents per share. The company will also pay dividend of 13 cents per share in stock of Nordic American Offshore Ltd to shareholders with Nordic American Tankers shares above a certain threshold.

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