June 13, 2014 / 2:33 PM / 4 years ago

MARKET PULSE-Abengoa Yield, InterCloud, OncoMed, OpenTable, Yelp

(For more market insights, including options activity, click on ; for the Day Ahead newsletter link.reuters.com/mex49s)

NOTE: Reuters is converting some short-form coverage of hot stocks, including Market Pulse, into the new Stocks Buzz product. From June 16, items that were previously published only as a compilation will be published as standalone items featuring the BUZZ tag. They will also be accessible via the STXBZ news code. A collated version will continue to appear on the WATCH/US named-item code under the headline “BUZZ-U.S. stocks on the move”.

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U.S. stock edged higher at the open on Friday as some positive corporate news supported markets, though ongoing violence in Iraq limited the gains. The Dow Jones industrial average was up 0.21 percent at 16,769.06, the S&P 500 was up 0.22 percent at 1,934.41 and the Nasdaq Composite was up 14.52 points, or 0.34 percent, to 4,312.15.

** ONCOMED PHARMACEUTICALS INC, $21.07, -15.38 pct

The company said it halted patient enrollment and dosing in early-stage trials testing two of its experimental cancer drugs, due to concerns of bone damage.

** ABENGOA YIELD PLC, $35.94, +23.93 pct

Shares of the U.S. unit of Spanish renewable and engineering firm Abengoa SA rose about 22 percent in their debut, valuing the company at about $2.82 billion.

** OPENTABLE INC, $103.5, +46.95 pct

** PRICELINE GROUP INC, $1,214.63, -0.93 pct

** YELP INC, $74.55, +13.23 pct

** GrubHub Inc, $35.25, +4.75 pct

** ANGIE‘S LIST INC, $12.505, +0.68 pct

** GROUPON INC, $6.289, +4.73 pct

** LIVEDEAL INC, $3.99, +5.00 pct

Travel website operator Priceline Group said it would buy OpenTable for $2.6 billion as it looks to add restaurant bookings to its services. The $103 per share offer represents a premium of 46 percent to OpenTable’s Thursday close.

Shares of Yelp, Angie’s List, Groupon, LiveDeal and GrubHub, which have similar services, also moved on the news.

** ALLERGAN INC, $161.09, -0.59 pct

William Ackman’s Pershing Square Capital Management said it had filed a lawsuit seeking confirmation that its request to hold a special shareholder meeting of Allergan would not trigger Allergan’s poison pill takeover defense.

** INTERCLOUD SYSTEMS INC, $7.23, +16.99 pct

The company, which provides engineering, construction, maintenance and installation services to telecommunications providers, said it became a partner of virtualization software maker VMware and opened a new sales office in New England.

** TWITTER INC, $36.45, -0.92 pct

The micro blogging website on Thursday announced the abrupt departure of two senior executives, including the chief operating officer who had been responsible for the social media company’s efforts to revive flagging user growth.

** INTEL CORP, $29.82, +6.65 pct

The chipmaker on Thursday raised its outlook for the second quarter and the full year, citing stronger-than-expected demand for personal computers used by businesses.

** TESLA MOTORS INC, $203.943, +0.21 pct

The company on Thursday said it would allow others to use its intellectual property in hopes of speeding up development of electric cars by all manufacturers.

** AT&T INC, $35.02, +0.55 pct

** DIRECTV, $83.0534, +0.16 pct

The U.S. Senate Judiciary Committee’s antitrust panel will hold a hearing on June 24 to examine the proposed purchase by AT&T of DirectTV, the committee said on Thursday.

** APOLLO GLOBAL MANAGEMENT LLC, $27.24, -0.40 pct

The private equity firm is in talks to buy Encana Corp’s Bighorn Properties in Alberta, Canada in a deal expected to be worth about $1.8 billion, the Wall Street Journal reported.

** LIBERTY GLOBAL PLC, $42.88, -0.88 pct

** DISCOVERY COMMUNICATIONS INC, $78.27, -0.29 pct

John Malone’s Liberty Global and Discovery Communications are in discussions with the owners of Formula One to bridge a $1 billion gap in the valuation of the motor-racing series as they seek to buy a 49 percent stake, according to Bloomberg.

** FINISAR CORP, $19.485, -22.83 pct

The maker of fiber optic components used in network communication equipment, forecast current-quarter profit well below expectations, citing higher capital expenditures in China.

** EXPRESS INC, $16.28, +20.15 pct

Private equity firm Sycamore Partners on Thursday said it was interested in acquiring apparel retailer Express, after disclosing a 9.9 percent stake that made it the largest shareholder in the company.

** CBS CORP, $60.55, -0.54 pct

** TIME WARNER INC, $68.04, -0.48 pct

The owner of Univision Communications Inc have recently held preliminary talks about selling the Spanish-language broadcaster with CBS, Time Warner and other media companies, the Wall Street Journal reported, citing people familiar with the matter.

** SALIX PHARMACEUTICALS LTD, $112.62, -1.04 pct

** CUBIST PHARMACEUTICALS INC, $68.73, -0.98 pct

** ASTRAZENECA PLC, $74.08, +0.05 pct

** NEKTAR THERAPEUTICS, $14.07, +12.20 pct

** PROGENICS PHARMACEUTICALS INC, $4.09, -2.99 pct

An advisory committee to the U.S. Food and Drug Administration recommended on Thursday that the agency not require large cardiovascular safety trials for a class of drugs used to treat opioid-induced chronic constipation.

Seven panelists voted in favor of such trials, five voted in favor for select products and 12 voted against. But in a post-vote discussion, several panelists said they misunderstood the question and would have voted against the requirement.

The drugs, known as peripherally acting mu opioid receptor antagonists, include Progenics’s Relistor, which has been licensed to Salix and Cubist’s Entereg. AstraZeneca and Nektar also have a product, naloxegol, in development.

** SUNEDISON INC, $19.4, +0.62 pct

The solar company said it signed a deal with NEXTracker Inc for the purchase of up to 1.85 gigawatts of trackers for the company’s ground-mounted projects over the next three years. (Reporting By Shubhankar Chakravorty in Bangalore; Editing by Joyjeet Das)

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