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U.S. stock index e-mini futures were down on Friday: Dow Jones industrial average futures were down 0.04 percent at 17,009, S&P 500 futures were down 0.10 percent at 1,987.5 and Nasdaq 100 futures were down 0.01 percent at 4,047.
** CITIGROUP INC, Thursday close $51.07, -0.20 pct premarket
The bank has been sending hedge fund firms letters informing them that it cannot sell investments in hedge funds and private-equity funds to clients after a deal with the U.S. Securities and Exchange Commission, the Wall Street Journal reported.
** PEREGRINE SEMICONDUCTOR CORP, Thursday close $7.69, +61.25 pct premarket
Murata Electronics North America Inc said it would buy the rest of the chipmaker it does not already own in an all-cash deal valued at $465 million. The offer price of $12.50 per share is at a premium of 62.5 percent to Peregrine stock’s Thursday close of $7.69.
** AEROPOSTALE INC, Thursday close $3.91, -7.93 pct premarket
Jefferies and Co analysts cut their price target on the stock after the teen apparel retailer reported bigger-than-expected second-quarter loss on Thursday as comparable store sales slid 13 pct
Analysts said that low demand for company’s products to be “formidable challenge to reverse”.
** ROSS STORES INC, Thursday close $69.25, +3.83 pct premarket
At least four brokerages raised their price targets on the stock after the discount retailer’s reported better-than-expected second-quarter sales and profit on Thursday as “value-focused consumers” favored its products such as apparel and accessories.
Suntrust Robinson Humphrey analysts said momentum gained as the quarter progressed is a “positive indicator for the back half”.
** FOOT LOCKER INC, Thursday close $52.57, +2.93 pct premarket
The specialty athletic retailer reported higher-than-expected second-quarter profit and sales, helped by strong same-store sales growth.
** DYNEGY INC, Thursday close $29.72, +20.46 pct premarket
** DUKE ENERGY CORP, Thursday close $73.04, +0.30 pct premarket
U.S. power company said it would buy 12,500 megawatts (MW) of coal and gas generation assets in two deals, valued at $6.25 billion, that would nearly double Dynegy’s generating capacity to about 26,000 MW nationally
The company said it would buy Duke Energy’s non-regulated Midwest commercial generation business and some of Energy Capital Partners’ power generating assets.
** GAP INC, Thursday close $43.18, +2.66 pct premarket
The apparel retailer raised its full-year profit forecast, encouraged by strong sales of its lower-priced Old Navy clothes, and said it would open 40 stores in India as part of its strategy to expand in emerging markets.
** ANN INC, Thursday close $38.81, -2.73 pct premarket
The women’s apparel retailer forecast current-quarter sales below the average analyst estimate. The company reported a 2.3 pct fall in second-quarter same-store sales, hurt by lower traffic at its Loft chain and said it expected third-quarter same-store sales growth to be flat to slightly negative.
** FRESH MARKET INC, Thursday close $30.43, +6.47 pct premarket
The specialty grocery retailer reported better-than-expected second-quarter earnings, helped by 2.9 pct rise in same-store sales. The company also reaffirmed its sales and adjusted earnings outlook for 2014.
** GAMESTOP CORP, Thursday close $40.49, +7.06 pct premarket
The company on Thursday reported its quarterly revenue surged by 25 percent over the prior year, topping expectations, buoyed by the success of new game releases as well as solid sales of gaming hardware from Microsoft Corp and Sony Corp.
At least two brokerages raise price targets on stock, including BMO Capital Market, by as much as $6.
** SALESFORCE.COM INC, Thursday close $55.71, +2.93 pct premarket
The company reported better-than-expected quarterly revenue, helped by an increase in demand for its web-based sales and marketing software, and raised its full-year profit and revenue forecast.
** INTUIT INC, Thursday close $85.81, -1.53 pct premarket
The developer of tax-preparation software TurboTax forecast a much bigger first-quarter loss, citing restructuring in its small business group unit.
** ALLERGAN INC, Thursday close $164.38
A federal judge in California on Thursday denied a request by Allergan to expedite its civil suit claiming that Valeant Pharmaceuticals International Inc and Pershing Square Capital Management engaged in insider trading ahead of their bid to buy Allergan.
Compiled by Abhirup Roy in Bangalore; Editing by Sriraj Kalluvila