(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 rose on Wednesday led by gains in the energy sector as crude prices jumped and as earnings from major companies beat lowered expectations. The Dow Jones industrial average was up 0.29 percent at 18,089.58 and the S&P 500 was up 0.42 percent at 2,104.68.
** INTEL CORP, $32.945, +4.62 pct
The chipmaker forecast revenue broadly in line with Wall Street’s expectations and signaled a hefty cut in capital expenditures this year.
** ADURO BIOTECH INC, $34.6, +103.53 pct
The cancer immunotherapy company’s shares double after pricing upsized offering. The company offered 7 million shares, up from 5 million, at $17, above original filed range of $14-$16.
** MOLYCORP INC, $0.9045, +68.66 pct
The rare earth miner said it has been chosen by Siemens AG to supply rare earth minerals over next 10 years from its Mountain Pass, California facility.
** GALMED PHARMACEUTICALS LTD, $10.7101, +21.98 pct
Roth Capital started coverage on the drug developer’s stock with a “buy” rating.
** XBIOTECH INC, $24.65, +29.74 pct
The drugmaker’s shares rose as much as 30 percent in their debut to $24.75, valuing the company at about $99 million.
** SMITH & WESSON HOLDING CORP, $14.68, +12.92 pct
The gunmaker raised its fourth-quarter and full-year profit and revenue forecast, citing stronger-than-expected orders in the fourth quarter ending April 30.
** ALCATEL LUCENT SA, $4.02, -18.46 pct
** NOKIA, $7.745, -2.70 pct
Finnish telecom network equipment maker Nokia has agreed to buy Alcatel-Lucent in an all-share transaction that values its smaller French rival at 15.6 billion euros ($16.6 billion).
** LEXICON PHARMACEUTICALS INC, $0.982, +7.94 pct
The drugmaker and partner Bristol-Myers Squibb Co pick drug candidate for development as a potential treatment for neuropathic pain.
** BELLATRIX EXPLORATION LTD, $3.22, +11.81 pct
** REX ENERGY CORP, $4.99, +11.14 pct
** SWIFT ENERGY CO, $3.13, +8.68 pct
** BASIC ENERGY SERVICES INC, $9.28, +12.48 pct
** CIVEO CORP, $4.01, +10.77 pct
** KEY ENERGY SERVICES, $2.38, +19.00 pct
Oil prices jumped more than a dollar on Wednesday after a lower-than-expected build of crude oil stocks in the United States.
** HARVEST NATURAL RESOURCES INC, $0.8495, -15.89 pct
Venezuelan state oil company PDVSA has offered to buy Harvest Natural’s stake in the Petrodelta joint venture, according to a source close to PDVSA, but the Texas-based oil and gas producer later said no “fair” proposal had been made.
** CELSION CORP, $3.23, +21.56 pct
The drugmaker reported positive interim data from mid-stage study of its ThermoDox in treating a form of breast cancer.
** ANGIE’S LIST INC, $6.26, +11.39 pct
The online review company raised its 2015 adjusted EBITDA forecast to $30 milllion-$32 million from $28 million-$30 million as it streamlines operating expenses.
** RADISYS CORP, $2.1, +6.06 pct
The network gear maker reported preliminary first-quarter profit and revenue above analysts’ average estimate due to a 20 percent rise in software-systems revenue.
** 58.COM INC, $63.19, -6.90 pct
The Chinese classified advertising website and its competitor, Ganji.com, are in talks about a possible merger, a person with direct knowledge of the matter said, in a sign of further consolidation in the mainland’s hot technology sector.
** RCS CAPITAL, $9.11, -8.72 pct
** LPL FINANCIAL HOLDINGS, $40.79, -2.86 pct
Shares of the brokerages fell after the U.S. Labor Department proposed sweeping changes on Tuesday that would require brokers who offer retirement advice to enter into “best interest” contracts with investors, in an effort to ensure customers are not steered into high-fee products.
** MONROE CAPITAL CORP, $14.72, -3.48 pct
The business development company announced a stock offering on Tuesday.
** SAGE THERAPEUTICS INC, $59.44, +10.71 pct
The drug developer said it would offer 2.3 million shares at $52.50 per share, a discount of 2 percent to the stock’s Tuesday close.
** PRECISION CASTPARTS CORP, $208.9, -3.27 pct
The forging and fastener systems maker said it estimated a pretax non-cash impairment charge of $210 million-$220 million for the fourth quarter related to its 50 percent stake in Yangzhou Chengde Steel Tube Co Ltd, which it plans to sell.
** MOBILEYE NV, $45.62, +7.72 pct
Morgan Stanley raised its price target on the driver-assistance system maker’s stock to $68, while Deutsche Bank raised to $55 from $53.
** ENPHASE ENERGY INC, $13.8, +5.99 pct
Analysts at J P Morgan started coverage on the microinverter maker’s stock with an “overweight” rating.
** BALLARD POWER SYSTEMS INC, $2.4245, +7.28 pct
The Canadian fuel-cell maker said it received an order from a Chinese customer to supply power modules for eight buses to be deployed in Chinese cities.
** GOPRO INC, $45.93, +3.26 pct
Analysts at Piper Jaffray upgraded the wearable camera maker’s stock to “overweight”.
** CARROLS RESTAURANT GROUP INC, $8.55, +3.14 pct
The Burger King franchisee estimated revenue in the first quarter to rise 27.5 percent to $193.2 million.
** DYNEGY INC, $32.06, +5.01 pct
The U.S. power company said power prices for 2015-2016 in Zone-4 in Illinois, its primary operating region, cleared at $150/megawatt-day in auction, compared with $16.75/MW-day in previous auction.
** MOBILE TELESYSTEMS OAO, $11.82, +5.25 pct
The Russian mobile phone maker recommended 2014 dividend of 19.56 roubles/share. (Compiled by Anannya Pramanick in Bengaluru; Edited by Maju Samuel)