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U.S. stock index e-mini futures were up on Monday: Dow Jones industrial average futures were up 0.03 percent at 18,133, S&P 500 futures were up 0.01 percent at 2,103 and Nasdaq 100 futures were up 0.13 percent at 4,448.25.
** LUMBER LIQUIDATORS HOLDINGS INC, Friday close 51.86, -20.94 pct premarket
The hardwood flooring retailer sold flooring with higher levels of formaldehyde than permitted under California’s health and safety standards, according to television news program “60 Minutes”.
** ATHERSYS INC, Friday close $2.59, +21.24 pct premarket
The drug developer signs agreement with Chugai Pharmaceutical Co Ltd to commercialize its cell therapy for ischemic stroke in Japan.
** NXP SEMICONDUCTORS NV, Friday close84.895, +11.31 pct premarket
** FREESCALE SEMICONDUCTOR LTD, Friday close36.11, +5.93 pct premarket
Chipmaker NXP Semiconductors has agreed to buy smaller peer Freescale Semiconductor and merge operations in a deal valuing the combined company at over $40 billion.
** BLACKBERRY LTD, Friday close10.81, +1.02 pct premarket
Mobile device maker said it plans to offer a cloud-based version of its device management platform BES12, a move that will make the service more accessible to small- and medium-sized businesses that need to secure devices on their own networks.
** PACIRA PHARMACEUTICALS INC, Friday close $114.77, -1.93 pct premarket
The U.S. Food and Drug Administration rejected Pacira’s application for expanding the use of its post-surgery pain drug, Exparel.
** ANHEUSER-BUSCH INBEV SA, Friday close126.66
J.P. Morgan Securities raises price target to $141.12 from $135 on the world’s largest brewer’s U.S.-listed shares. Improving dynamics in the United States, further synergies from Mexico, along with lower growth in costs despite still-significant investment will drive robust profit growth in 2015, analyst Komal Dhillon wrote in a note.
** QUALCOMM INC, Friday close72.51
The maker of smartphone chips and software unveiled on Monday fourth-generation LTE modems that will enable cars to stay better-connected wirelessly to cloud-based services via the Web. Cars using the new technology should be on the market within a few years’ time.
** PACWEST BANCORP, Friday close $45.835
** SQUARE 1 FINANCIAL INC, Friday close $27.68
Regional lender PacWest Bancorp said it agreed to buy Square 1 Financial in an all-stock deal valued at about $849 million. Square 1 stockholders will receive 0.5997 shares of PacWest common stock for each share held, the companies said on Monday. This equates to $27.49 per share based on PacWest’s Friday close.
** AMGEN INC, Friday close157.72
Drugmaker’s Kyprolis helped patients with relapsed multiple myeloma live twice as long before their blood cancer worsened compared to a regimen containing rival drug Velcade, according to an interim analysis announced by the company on Sunday. (Compiled by Amrutha Gayathri in Bengaluru; Edited by Don Sebastian)