February 9, 2015 / 2:13 PM / in 3 years

BUZZ-U.S. STOCKS ON THE MOVE-Rio Alto Mining, Atossa Genetics, Compugen

(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter, link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) U.S. stocks were poised for a lower open on Monday, on the heels of disappointing economic data out of China and signs of rising tensions surrounding Greek debt negotiations. Dow Jones industrial average e-mini futures were down 0.53 percent at 17,688, S&P 500 futures were down 0.50 percent at 2,042.75 and Nasdaq 100 futures were down 0.47 percent at 4,207.75.

** ACHILLION PHARMACEUTICALS INC, Friday close $10.82, +11.92 pct

The drugmaker said a combination of its experimental Hepatitis C drug in combination with Gilead Sciences Inc’s blockbuster Sovaldi eradicated signs of the virus following six weeks of therapy.

** ATOSSA GENETICS INC, Friday close $1.19, +29.41 pct

The medical device maker signed a distribution deal with Thermo Fisher Scientific Inc, the world’s largest maker of scientific instruments.

Atossa will market its FullCYTE breast aspirator device in the United States through Thermo Fisher’s Fisher HealthCare channel under the deal. The device is used by doctors and nurses to collect breast fluid for testing.

** RIO ALTO MINING LTD, Friday close $2.64, +14.77 pct

Canadian gold miner’s U.S.-listed shares rise after bigger rival Tahoe Resources Inc said it would to buy the company for C$1.4 bln ($1.12 bln) in a cash and share deal.

The offer of C$4 a share represents premium of 22.1 pct to Rio Alto’s Friday close on the Toronto Stock Exchange.

** NORDIC AMERICAN TANKER LTD, Friday close $10.01, -1.10 pct

The tanker company said it expects six vessels to be drydocked in 2015 and also reported a flat fourth-quarter profit of 1 cent per share.

** MOTOROLA SOLUTIONS INC, Friday close $64.66, +8.41 pct

The walkie-talkie and radio systems maker is looking into a possible sale, Bloomberg reported, citing people familiar with the matter.

Potential buyers could include private-equity firms and defense contractors including Raytheon Co, Honeywell International Inc and General Dynamics Corp, Bloomberg reported, citing one of the sources. (bloom.bg/16rCCCp)

** ALCOA INC, Friday close $16.57, -2.23 pct

** CENTURY ALUMINUM CO, Friday close $25.27, -3.44 pct

Analysts from J.P. Morgan Securities downgrade Alcoa’s stock to “neutral” from “overweight”, and cut their price target to $18.50 from $20, citing deteriorating aluminum fundamentals and softer global demand.

The brokerage also downgraded Century Aluminum’s stock to “underweight” from “neural”, and lowered its price target to $17.50 from $20.

** NATIONAL BANK OF GREECE, Friday close $1.21, -9.92 pct

S&P cut Greece’s long-term sovereign credit rating to “B negative” from “B” on Friday, warning that liquidity restraints on Greek banks would limit the time the new government has to clinch a deal with its creditors.

The bank has now erased all the gains from last week and is racing back towards a record low.

** SIBANYE GOLD LTD, Friday close $10.58, -2.27 pct

The gold producer’s Beatrix mine in central South Africa remains shut on Monday, after a turf war between rival unions in which nine mine workers were injured. The company says it expects full-year headline EPS to fall about 38 pct due to writedowns.

** HASBRO INC, Friday close $55.74, +4.25 pct

The second-largest U.S. toymaker reported a better-than-expected quarterly profit, helped by demand for its Transformers, Nerf and Marvel toys in the holiday shopping season.

** COMPUGEN LTD, Friday close $7.76, +3.87 pct

The Israeli drug developer said new data shows its experimental cancer therapy has the potential to be a promising immuno-oncology antibody.

** FIFTH STREET FINANCE CORP, Friday close $8.49, -14.72 pct

A 17 percent rise in expenses pushed the business development company to a fourth-quarter loss from a profit a year earlier


The rig contractor reported a 7 percent drop in quarterly revenue as demand dropped due to weak oil prices, and said it would not pay a special dividend as it had been doing since 2006.

** QUALCOMM INC, Friday close $66.35, +2.49 pct premarket

The U.S. chipmaker is likely to pay China a record fine of around $1 billion, ending a 14-month government investigation into anti-competitive practices, after it made significant progress during talks with the regulator last week.

** MCDONALD’S CORP, Friday close $93.99, -1.00 pct premarket

The company’s worldwide same-restaurant sales fell a steeper-than-expected 1.8 percent in January, as it fights to win back diners around the world and shake off the after-effects of a supplier scandal in China.

** ALIBABA GROUP HOLDING LTD, Friday close $85.68, -0.21 pct premarket

China’s e-commerce king is taking a $590 million stake in an obscure domestic smartphone maker as it tests ways to expand its mobile operating system in a shrinking, cut-throat handset market.

** NOVO NORDISK A/S, Friday close $42.43, -1.44 pct premarket

The Danish drugmaker said it would list its IT services unit NNIT separately on the Copenhagen stock exchange, but declined to give details on the timing and size of the initial public offering (IPO).

** FORD MOTOR CO, Friday close $15.86, -0.57 pct premarket

The U.S. automaker will roll out six new models in Russia this year, Chief Executive Mark Fields was quoted as saying, despite the country’s sagging economy and rising tensions over the conflict in Ukraine.

** TWENTY-FIRST CENTURY FOX INC, Friday close $33.58

** NEWS CORP, Friday close $16.26

Several top investors in Twenty-First Century Fox Inc are pressing for the right to swap their voting shares for ordinary shares, which are trading at an unusual premium, even though the move could hand even more control of the company to Rupert Murdoch, according to people familiar with the matter.

Fox’s dual-class share structure already gives the 83-year-old media mogul control over 39.7 percent of voting rights, even though he and his family hold only a 12 percent equity stake. (Reporting By Simon Jennings)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below