August 18, 2014 / 1:27 PM / 4 years ago

BUZZ-U.S. Stocks on the Move-Dollar General, Sky-Mobi, Tekmira Pharma

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U.S. stocks were poised for a higher open on Monday, as the threat of an escalation in Ukraine appeared to lessen and the latest flurry of merger action supported equities. U.S. stock index e-mini futures were up on Monday: Dow Jones industrial average futures were up 0.57 percent at 16,726, S&P 500 futures were up 0.54 percent at 1,963 and Nasdaq 100 futures were up 0.53 percent at 4,006.25.

** DOLLAR GENERAL CORP, Friday close $57.46, +10.86 pct premarket

** FAMILY DOLLAR STORES INC, Friday close $76.06, +4.77 pct premarket

** DOLLAR TREE INC, Friday close $55.605, -1.67 pct premarket

Dollar General offered to buy Family Dollar Stores for $8.95 billion, trumping an offer by Dollar Tree, to strengthen its position as the No. 1 U.S. discount retailer.

** SKY-MOBI LTD, Friday close $6.71, +21.46 pct premarket

The Chinese mobile application store operator reported a 32.4 percent jump in second-quarter revenue on Friday, boosted by strong demand for single-player mobile games. Revenue from single-player mobile games rose 63.3 percent from a year-ago.

** ACHILLION PHARMACEUTICALS INC, Friday close $9.25, +6.05 pct premarket

The drugmaker said experimental hepatitis C drug shows promise in mid-stage trial and that all patients treated with drug, ACH-3102, showed no detectable levels of the virus after four weeks.

** TEKMIRA PHARMACEUTICALS CORP, Friday close $18.08, +9.68 pct premarket

Brokerage Leerink Swann LLC started covering the drug developer’s stock with “outperform” rating and a $25 price target. “We believe Tekmira’s (lipid-nanoparticle nucleic acid) platform represents a best-in-class technology that has been clinically validated,” analyst Michael Schmidt wrote in note.

** SEAWORLD ENTERTAINMENT INC, Friday close $18.66, +1.82 pct premarket

Credit Suisse started coverage of the theme park operator’s stock with an “outperform” rating, according to

** TESLA MOTORS INC, Friday close $262.01, +0.65 pct premarket

The electric carmaker said on Friday it had boosted warranty coverage on its Model S sedan, a week after an influential U.S. consumer magazine highlighted problems with the $70,000-plus vehicle.

** BIOGEN IDEC, Friday close $342.47, +1.76 pct premarket

U.S. health regulators on Friday approved Biogen Idec’s Plegridy, a long-acting multiple sclerosis drug that the company expects will eventually replace its older big-selling Avonex treatment.

** FUEL SYSTEMS SOLUTIONS INC, Friday close $10.58, -4.63 pct premarket

The fuel components maker cut 2014 revenue forecast to $335 million-$355 million from $340 million-$360 million. The company

also reported a 21 percent fall in Q2 revenue, partly due to loss of certain contracts and customers.

** JINKOSOLAR HOLDING CO LTD, Friday close $27.82, -0.79 pct premarket

Solar panel maker reported a higher second-quarter profit as shipments and prices increased. Total shipments shot up to 659.5 megawatts (MW) in the quarter from 489.2 MW a year earlier.

** APACHE CORP, Friday close $98.68, +1.34 pct premarket

The company said on Monday it had made an oil discovery off the coast of Western Australia, pointing to possibly as much as 300 million barrels of oil in place in what could be a commercially viable new oil province.


The sensors and electrical controls maker said it would buy Schrader group of companies for an enterprise value of $1 billion to benefit from a growing market for tire pressure monitoring sensors (TPMS).

** INGERSOLL-RAND PLC, Friday close $60.55

** CAMERON INTERNATIONAL CORP, Friday close $72.63

Ingersoll-Rand, a maker of heating and air conditioning systems, said it would buy Cameron International’s centrifugal compression unit for $850 million.

** RIO TINTO, Friday close $57.33

The miner is set to decide on its stake in a long-dormant copper mine in Papua New Guinea’s Bougainville after the passage of a new mining law on the island, with the company possibly pulling out of the project after a quarter of a century. A secessionist rebellion on Bougainville in 1989 stopped mining at BCL’s Panguna mine. The mine produced some 3 million tonnes of copper and 9.3 million ounces of gold over 17 years.

** TYSON FOODS INC, Friday close $37.39

The company plans to find other export markets for its pork products after a recent delivery to China triggered an export ban of half its U.S. hog slaughterhouses, the company told Reuters on Friday. The Agriculture Department announced earlier last week that China was barring future pork imports from six U.S processing plants and six cold storage facilities over the use of a feed additive called ractopamine.


The U.S. hospital operator said it suspected personal data, including patient names and addresses, of about 4.5 million people were stolen by Chinese hackers from its computer network during April and June. (Compiled by Abhirup Roy in Bangalore; Editing by Sriraj Kalluvila)

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