July 11, 2014 / 4:33 PM / 3 years ago

BUZZ-U.S. Stocks on the Move-Isle of Capri, Intercloud, Rent-A-Center

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U.S. stocks were little changed on Friday, with indexes on track for their biggest weekly drop in months, as an early ream of corporate earnings wasn’t enough to entice buyers even after a string of market losses. The Dow Jones industrial average was down 0.16 percent at 16,888.22 and the S&P 500 was down 0.14 percent at 1,961.9.

** MGIC INVESTMENT CORP, $8.26, -10.61 pct

** RADIAN GROUP INC, $13.76, -5.43 pct

** GENWORTH FINANCIAL INC, $16.57, -2.87 pct

Federal Housing Finance Agency (FHFA) asked for public comment on proposals to tighten requirement for private insurers that do business with government-controlled mortgage finance firms Fannie Mae and Freddie Mac.

The FHFA said that the proposed rules will help ensure “approved insurers have a sufficient level of liquid assets from which to pay claims”.

** ISLE OF CAPRI CASINOS INC, $8.73, -13.13 pct

The casino operator said Dale Black, chief financial officer since 2007, was leaving and would be replaced by chief strategic officer Eric Hausler.

The company also eliminated several senior management positions, including executive chairman of the board and chief strategic officer.

Reuters reported last month the company was in advanced talks to sell itself to casino real estate owner Gaming and Leisure Properties Inc.

** RENT-A-CENTER INC, $25.8401, -11.08 pct

The rent-to-own home furniture retailer’s estimated second quarter revenue and profit below analysts’ expectations on Thursday

“Macro-economic pressures continue to burden our financially constrained customers contributing to softer than expected demand in our U.S. business segments,” CEO Robert Davis said.$60.86-2.25$65.12+3.22

** JOE‘S JEANS INC, $1.18, +14.56 pct

The jeans maker reported a 56 percent jump in second-quarter net sales and said it expects better results in second half of the year, helped by higher same-store sales at retail outlets.

B. Riley raised its rating on the stock to “buy” and price target to $1.70 from $1.30.$51.24+0.61

** INTERCLOUD SYSTEMS INC, $6.5001, +16.07 pct

The company, which provides engineering and maintenance services to telecom companies, said it got $3.1 million orders from existing clients.

** KOFAX LTD, $7.25, -10.27 pct

The customer management software maker estimated revenue of $287.5 million to $290.5 million for year ended June 30, below the average analyst estimate of $297 million, according to Thomson Reuters I/B/E/S.

** REYNOLDS AMERICAN INC, $60.89, -2.20 pct

** LORILLARD INC, $65.2, +3.34 pct

The U.S cigarette makers are in talks on a possible multi-billion dollar disposal to Britain’s Imperial Tobacco Group Plc, as part of efforts to ease antitrust concerns over their planned merger.

** HALOZYME THERAPEUTICS INC, $9.77, +5.17 pct

J.P. Morgan started coverage of the biotechnology company’s stock with an “overweight” rating.

Halozyme has a validated technological platform, diverse pipeline and an attractive mix of partnered and proprietary assets, J.P. Morgan analysts said.

** FINISH LINE INC, $27.52, -4.54 pct

Brokerage Sterne Agee cut its rating on the footwear retailer’s shares to “neutral” from “buy,” according to the theflyonthewall.com

** NORDION INC, $12.94, +3.94 pct

The Canadian supplier of medical isotopes said it had cleared a U.S. antitrust hurdle, paving the way for the company to be acquired by Sterigenics.

** FIFTH STREET FINANCE CORP, $9.72, -2.96 pct

The specialty finance company priced its offering of 13.3 million common shares at $9.95 per share, which was below its Thursday close. The offer represented about 9.6 percent of its total shares outstanding as of May 7.

** AMAZON.COM INC, $342.42, +4.42 pct

The company is seeking permission from U.S. regulators to test its delivery drones near Seattle, as part of a rapid expansion of a program that has sparked widespread debate over the safety and privacy implications of drone technology.

** FASTENAL CO, $45.7663, -4.96 pct

The industrial distributor reported second-quarter revenue that was below expectations. $8.72-13.23

** KEYW HOLDING CORP, $12.26, +1.32 pct

The cyber-security product maker said it is working with Oracle Corp to develop advanced applications for the U.S. government.

Keyw counts various U.S. government agencies as clients.

** URS CORP, $51.46, +1.04 pct

The engineering and construction services company has recently held talks with industry rivals and buyout firms about a potential sale of the company, people familiar with the matter said. The company has a market value of about $3.5 billion. (Compiled by Avik Das in Bangalore; Edited by Maju Samuel)

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