(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 set for a slightly lower open after three straight days of gains, as the corporate earnings season was poised to kick into high gear with a slew of reports this week. Dow Jones industrial average futures were down 0.17 percent at 17,942, S&P 500 futures were down 0.16 percent at 2,092.25 and Nasdaq 100 futures were up 0.02 percent at 4,415.5.
** BUILDERS FIRSTSOURCE INC, Friday close $6.9, +56.52 pct premarket
The building products supplier said it will buy privately held ProBuild Holdings LLC for $1.63 billion in cash.
** QUALCOMM INC, Friday close $69.16, +4.29 pct premarket
Activist investor Jana Partners is asking the chipmaker to consider spinning off its chip unit from its patent-licensing business to boost the chipmaker’s sagging stock price, the Wall Street Journal reported, citing a quarterly letter that will be sent to Jana investors on Monday.
** ARROWHEAD RESEARCH CORP, Friday close $7.91, +12.77 pct premarket
The drug developer said the U.S. Food and Drug Administration has allowed it to begin a multiple-dose mid-stage study on its hepatitis B drug, ARC-520.
** ARCA BIOPHARMA INC, Friday close $0.8399, +29.78 pct premarket
The drug developer said its experimental heart drug, Gencaro, got “fast track” status from the U.S. Food and Drug Administration.
** ALAMOS GOLD INC, Friday close $5.89
** AURICO GOLD INC, Friday close $2.99, +5.69 pct premarket
Canadian gold producers Alamos Gold and AuRico Gold said they would merge in a deal valued at about $1.5 billion.
** NOKIA, Friday close $8.06, +1.36 pct premarket
The Finnish network equipment maker is considering selling its maps business known as HERE, a source familiar with the matter said on Friday.
** CLOVIS ONCOLOGY INC, Friday close $77.4, +8.20 pct premarket
Analysts at Goldman Sachs upgraded the cancer drug developer’s stock to “buy” from “neutral” and also raised their price target to $117 from $68.
** GENERAL MOTORS CO, Friday close $36.57, +0.08 pct premarket
The automaker is considering plans to spend as much as $1 billion renovating its Technical Center, a facility that is more than 50 years old, Bloomberg reported.
** NETFLIX INC, Friday close $454.57, +3.39 pct premarket
Analysts at UBS upgraded the streaming video service provider’s stock to “buy” from “neutral”.
** HABIT RESTAURANTS INC, Friday close $31, +1.77 pct premarket
Analysts at Robert W. Baird & Co raised their rating on the restaurant operator’s stock to “outperform” from “neutral”, citing strong Q1 comparable sales momentum and scope for margin improvement as the company scales up business.
** SYMANTEC CORP, Friday close $25.58, -3.13 pct premarket
The security software maker has been seeking buyers for its storage software business, Veritas, or the entire company for several months, sources familiar with the matter said.
** UNITED PARCEL SERVICE INC, Friday close $96.79, +0.09 pct premarket
The package delivery company plans to invest 1 billion euros ($1.05 billion) in Europe to expand its package delivery network, German magazine Wirtschaftswoche reported on Sunday, without citing its sources.
** SINA CORP, Friday close $37.51, -3.23 pct premarket
China will punish the web portal and social media firm after it was identified as operating the most complained about major website in the country, the Internet regulator said on Friday, the latest blow in an ongoing online crackdown.
** WAL-MART STORES INC, Friday close $80.65, -0.01 pct premarket
The retailer said the Walton family was putting 6 percent of its outstanding shares in a newly formed trust for possible sale to offset expected increases in its stake due to stock buybacks and to help fund charitable contributions.
** GOLDMAN SACHS GROUP INC, Friday close $195.64, -0.36 pct premarket
U.S. investment firm D.E. Shaw has started exclusive talks to buy the Italian non-performing loan business of Archon, a real estate unit of investment bank Goldman Sachs, two sources close to the matter said. (Compiled by Anannya Pramanick in Bengaluru; Edited by Maju Samuel)