October 12, 2012 / 12:47 PM / 6 years ago

MARKET PULSE-Aeterna Zentaris, Lexicon, Wells Fargo, AMD, Infosys

(For The Day Ahead newsletter click on link.reuters.com/mex49s)


Index futures advanced, indicating the S&P 500 may crimp its worst weekly decline since early June, following a robust earnings report from JP Morgan and ahead of data on consumer confidence and inflation.

S&P 500 futures rose 3.7 points and were above fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures gained 24 points, and Nasdaq 100 futures added 3.5 points.

** AETERNA ZENTARIS INC , Thursday close $3.12, down 16.7 pct premarket

The drug development company said on Thursday it commenced an offering of units, consisting of shares and warrants to purchase shares. It said there can be no assurance whether or when the offering may be completed. Neither did it did not mention the actual size or terms of the offering.

** LEXICON PHARMACEUTICALS INC, Thursday close $2.39, up 11.7 pct

The biopharmaceutical company said its experimental bowel disorder drug met the main goal of reducing bowel movements in patients with gastrointestinal

** IMPAX LABORATORIES INC, Thursday close $26.04, down 2.1 pct premarket

The generic drug company said the U.S. health regulator extended the review date for its experimental drug to treat Parkinson’s disease to Jan. 21 from Oct. 21.

The U.S. Food and Drug Administration had not requested any additional trials or studies, the pharmaceutical company said in a statement.

** ECOLAB INC, $54.79, up 4.8 pct premarket

The cleaning services company said it will buy privately held Champion Technologies Inc, a maker of oilfield specialty chemicals, for about $2.2 billion in cash and stock.

** JPMORGAN CHASE & CO, Thursday close $42.10, up 0.4 pct premarket

The company posted a record quarterly profit - up 34 percent from a year earlier - as low interest rates and a recovering housing market brought big increases in mortgage lending.

The results signal the largest U.S. bank is recovering from the so-called “London whale” trades that resulted in losses of nearly $6 billion in the first half of the year but only a “modest loss” in the latest quarter.

** WELLS FARGO & CO, Thursday close $35.18, down 2.3 pct premarket

The fourth biggest U.S. bank recorded lower net interest income and net interest margin for the third quarter, compared with second quarter.

** WAL-MART STORES INC, Thursday close $75.01, up 0.5 pct premarket

Wal-Mart is offering its U.S. employees and their families free heart and spine surgeries at six major health centers at no cost to the retailer’s workers, as it tries to find better ways to cover costly, complicated procedures.

** DOLLAR TREE INC, Thursday close $43.28, down 1.8 pct premarket

The discount retailer said it will post third-quarter sales at the lower end of its earlier forecast because of cautious consumer spending and higher gas prices.

** CVS CAREMARK CORP, Thursday close $47.60, down 1.5 pct premarket

The U.S. government is investigating allegations that the company refilled prescriptions and submitted insurance claims to Medicare without getting approval from patients, the Los Angeles Times reported.

** IGATE CORP, Thursday close $17.82, up 8.6 pct premarket

The outsourcing company posted a higher-than-expected quarterly profit as margins increased but said delays in contract renewals slowed revenue growth.

** INFOSYS LTD , Thursday close $48.22, down 5 percent premarket

The Indian software services provider again disappointed investors hoping for a more robust growth outlook, undermining its standing as the country’s information technology bellwether.

** KINDER MORGAN INC, Thursday close $35.09, down 3 percent

The company said some stockholders are starting a public offering of 69.3 million shares of Class P common stock.

** ADVANCED MICRO DEVICES INC, Thursday close $3.20, down 7.8 pct premarket

The chipmaker said on Thursday its third-quarter revenue likely fell 10 percent from the previous quarter as a weak global economy and growing preference for tablets slams the PC industry.

Several brokerages including UBS Investment Research, BMO Capital Markets, Jefferies & Co cut its price target on the company’s stock.

** AMAZON.COM INC, Thursday close $244.22, up 0.2 pct premarket

Chief Executive Jeff Bezos confirmed on Thursday that the online retailer sells its Kindle e-reader “at cost”, with profit coming instead from sales of online content.

** J.B. HUNT TRANSPORT SERVICES INC, Thursday close $54.79, up 5.7 pct post-market

The surface transport and delivery company posted a quarterly profit that narrowly missed estimates but revenue beat on strong growth in the intermodal segment.

** EMAGIN CORP, Thursday close $3.83, up 5.5 pct post-market

Piper Jaffray & Co started coverage on the stock with an “overweight” rating.

** MICRON TECHNOLOGY INC, Thursday close $5.75

The memory chipmaker will hold analyst day in San Francisco. The company reported a loss for the fourth quarter late in September and investors will be looking for more color about falling PC sales and the dropping demand for DRAM chips.

** J.C. PENNEY CO INC, Thursday close $26.18

Chief Executive Ron Johnson who tried to wean the retailer from a heavy dependence on price discounts and coupons has a somewhat surprising offer for customers: a coupon.

** BOEING CO, Thursday close $70.83

The European Union accused the United States on Thursday of ignoring a World Trade Organization ruling to stop subsidies to the planemaker and asked the Geneva-based body to investigate, prolonging the world’s largest trade dispute.

** KRAFT FOODS GROUP INC, Thursday close $46.46

The company plans to sell Maxwell House and Gevalia single-serve coffee pods compatible with Keurig brewing systems, in another blow to Keurig parent Green Mountain Coffee Roasters Inc.

** BRIGHTPOINT INC, Thursday close $8.98

** INGRAM MICRO INC, Thursday close $14.87

EU competition regulators on Friday cleared the acquisition of U.S. technology distributor BrightPoint by its bigger rival Ingram Micro.


LinnCo LLC, an affiliate of oil and gas company Linn Energy LLC, priced its initial public offering at $36.50 each, raising about $1.10 billion, an underwriter said. (Compiled by Aditi Shrivastava in Bangalore) (aditi.shrivastava@thomsonreuters.com, within U.S. +1 646 223 8780, outside U.S. +91 80 4135 5783, Reuters messaging: aditi.shrivastava.reuters.com@reuters.net)

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