U.S. stocks were lower in light trading on Thursday as a fall in Apple’s shares weighed.
The Dow Jones Industrial Average was down 0.09 percent at 19,924.99, the S&P 500 was down 0.15 percent at 2,261.7 and the Nasdaq Composite was down 0.18 percent at 5,461.372.
** MICRON TECHNOLOGY INC, $23.41, +13.75 pct
The chipmaker forecast current-quarter revenue and profit above estimates as a stabilizing PC market spurs demand and boosts prices of its memory chips.
** RED HAT INC, $69.75, -12.58 pct
The Linux OS distributor reported lower-than-expected quarterly revenue, prompting at least two brokerages to downgrade the stock.
** OVASCIENCE INC, $1.7001, -42.76 pct
The fertility treatment provider said it would slow commercial expansion of its fertility treatment Augment, citing insufficient near-term financial return.
** APPLE INC, $116.33, -0.62 pct
Nokia Corp said on Wednesday it had filed a number of lawsuits against the iPhone maker for violating 32 technology patents, striking back at the iPhone maker’s legal action targeting the one-time cellphone industry leader a day earlier.
** WEIGHT WATCHERS INTERNATIONAL INC, $12.28, +16.73 pct
The weight management company introduced new advertising campaign in the U.S. featuring Oprah Winfrey. Two new TV ads will air on Dec 26.
** HARVEST NATURAL RESOURCES INC, $6.12, +4.97 pct
The oil and gas producer said it would sell all of its oil and gas assets in Gabon for $32 million to Singapore-based private company BW Energy Gabon.
** TOKAI PHARMACEUTICALS INC, $1.61, +59.41 pct
Tokai and privately held Otic Pharma Ltd announced that the two companies, together with Otic Pharma shareholders, entered into a definitive share purchase deal under which Otic Pharma shareholders would become majority owners of Tokai.
** HERMAN MILLER INC, $34.6, -2.54 pct
The furniture maker reported quarterly sales below analysts’ estimate on Wednesday, citing lower-than-expected orders.
** BED BATH & BEYOND INC, $43.31, -4.94 pct
The home furnishing retailer reported third-quarter profit well below analysts’ estimate, hurt by higher costs.
** RENREN INC, $1.73, +4.85 pct
Chinese social networking company said it formed a special committee to review the terms of a proposed spin-off of its new subsidiary.
** XOMA CORP, $5.64, +2.55 pct
The drug developer entered into two royalty interest acquisition agreements with Healthcare Royalty Partners II.
** AURINIA PHARMACEUTICALS INC, $2.05, -24.63 pct
The Canadian drug developer announced a sale of 11.1 million shares in a $25 million bought deal financing. (Compiled by Sruthi Shankar in Bengaluru)