(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 little changed on Thursday, bouncing from initial losses after European Central Bank President Mario Draghi brushed off pressure for more immediate monetary policy action, saying the issue would be addressed early next year. The Dow Jones industrial average was down 0.02 percent at 17,909.44, the S&P 500 was down 0.03 percent at 2,073.72 and the Nasdaq Composite was down 0.08 pct at 4,778.65.
** AEROPOSTALE INC, $2.325, -27.12 pct
The teen apparel retailer reported its eighth straight quarterly loss, hurt by higher discounts and falling demand, and said it would close about 75 stores in the current quarter.
At least two brokerages cut price targets on Thursday.
** RADA ELECTRONIC INDUSTRIES LTD, $3.37, +41.60 pct
The Israel-based defense electronics contractor said it received an order for its tactical radars from an undisclosed country. “We believe that additional leading countries and integrators will follow this selection,” CEO Zvi Alon said.
** CHRISTOPHER & BANKS CORP, $4.87, -29.11 pct
The women’s apparel retailer reported Q3 sales below analysts’ expectations, citing lower traffic in its stores. The company forecast current-quarter sales of $94 million-$98 million, below analysts’ average expectation of $105.3 million.
** KINDRED BIOSCIENCES INC, $6.35, -31.28 pct
The pet drug developer said it would stop developing its experimental atopic dermatitis drug, AtoKin, for dogs due to “the rapid uptake and success” of a recently launched rival product.
** FX ENERGY INC, $1.88, -20.68 pct
The oil and gas producer said a well in Poland will be abandoned after drilling failed to find significant porosity necessary to make a well productive.
** TILLY’S INC, $8.6, +21.64 pct
The teen apparel retailer’s third-quarter profit beat market estimates, helped by “slightly better teen retail environment”.
** ANI PHARMACEUTICALS INC, $55.31, -8.14 pct
The generic drug maker company announces public offering of convertible notes worth $100 million. The notes are expected to mature on Dec. 1, 2019, unless repurchased or converted, company said.
** NEXTERA ENERGY INC, $103.2, -1.14 pct
** HAWAIIAN ELECTRIC INDUSTRIES, $32.44, +15.08 pct
U.S. power company NextEra Energy said it would buy Hawaiian Electric Industries, Hawaii’s largest power supplier, for about $2.63 billion in cash and stock to expand its regulated holdings.
BREAKINGVIEWS-Hawaii Electric-Bank conglomerate gets sunny split
** ABRAXAS PETROLEUM CORP, $2.98, -8.31 pct
** SANDRIDGE ENERGY INC, $2.34, -5.65 pct
** EXCO RESOURCES INC, $2.71, -2.17 pct
** ADVANTAGE OIL AND GAS LTD, $4.29, -5.71 pct
** BAYTEX ENERGY CORP, $17.3, -11.46 pct
** TALISMAN ENERGY INC, $4.18, -9.72 pct
Brent fell on Thursday after Saudi Arabia announced deep cuts in selling prices for Asian and U.S. buyers. Brent crude down 1.04 pct at $69.18/bbl at 10:47 ET; U.S. crude down 1.31 pct at $66.51/bbl.
** RCS CAPITAL CORP, $10.7, +9.86 pct
The company settled for $60 million a litigation with American Realty Capital Properties Corp related to termination of an agreement to acquire Cole Capital.
** ARRAY BIOPHARMA INC, $4.48, +14.58 pct
The company said Swiss drugmaker Novartis AG returned rights to experimental cancer drug and agreed to pay $85 million upfront
** SEACHANGE INTERNATIONAL INC, $6.07, -13.41 pct
The video streaming products supplier lowered its full-year 2015 revenue forecast “due to the timing of revenue recognition associated with our multiscreen products and services previously anticipated in the fourth quarter,” CFO said.
** UTI WORLDWIDE INC, $12.27, -11.60 pct
The logistics company said it held “exploratory” talks to be acquired by Nordic trucking company DSV A/S, denying a Bloomberg report that discussions were at an advanced stage.
** BIND THERAPEUTICS INC, $6.249, -7.01 pct
Credit Suisse analysts halve their price target to $10, saying it does not expect data from mid-stage trial of prostate cancer drug to be conclusive to support a late-stage trial.
** CONSTELLIUM NV, $17.41, +5.20 pct
The Netherlands-based aluminum products make said it would sell notes to raise equivalent of 535 mln euros to fund buy of Wise Metals Intermediate Holdings.
** UNITED CONTINENTAL HOLDINGS INC, $62.91, +6.11 pct
J.P. Morgan Securities raised price targets on major U.S. airlines including United Continental. “Cost convergence, fare unbundling, widespread consolidation, diminished new entrant activity and return-oriented management teams have combined to form an industry in the US that is actually managing itself for the first time we can recall,” analysts wrote in the note.
** GUESS INC, $20.2, -8.89 pct
The apparel retailer reported lower-than-expected third-quarter sales and profit on Wednesday, citing lower store traffic and bigger discounts in North America.
The company also cut its full-year profit and operating margin forecasts.
** ENBRIDGE INC, $53.69, +12.13 pct
The largest Canadian pipeline raised its quarterly dividend by 33 percent to 47 Canadian cents per share on Wednesday and said it would transfer C$17 billion ($14.96 billion) Canadian liquids pipelines assets and some renewable energy assets to Canadian affiliate.
** PLUG POWER INC, $3.7339, +6.68 pct
** BALLARD POWER SYSTEM INC, $2.18, +2.83 pct
** FUELCELL ENERGY INC, $1.7007, +1.84 pct
Plug Power signs a $20 million multi-year contract with a major North American telecommunications provider for fuel-cell systems and hydrogen services.
** NATURAL RESOURCE PARTNERS LP, $10.6, -6.69 pct
The company down after sale by an existing holder. Sources citing Citigroup priced unregistered 1,750,000 units at $11.00, a 3.1 pct discount to the stock’s Wednesday’s close.
Peers Arch Coal, Peabody Energy and Alpha Natural Resources also down.
** KROGER CO, $60.87, +3.77 pct
The biggest U.S. supermarket operator reported a 21 percent jump in quarterly profit, helped by the acquisition of Harris Teeter Supermarkets Inc.
** SINOCOKING COAL AND COKE CHEMICAL INDUSTRIES, $3.18, +5.30 pct
The company said it started building second above-ground plant for conversion of carbon dioxide into clean-burning syngas. The plant expected to double total syngas output to 50,000 cubic meters per hour; expects to complete construction by end of March, 2015.
** PETROBRAS SA, $8.86, -4.42 pct
Brazil’s comptroller general opens cases on Wednesday against 8 engineering conglomerates suspected of bribery and fraud in deals with Petrobras.
** BARNES & NOBLE INC, $21.17, -4.81 pct
The bookseller said it would buy Microsoft Corp’s 17 percent stake in its Nook business. Barnes & Noble said its total revenue fell 2.6 percent to $1.69 billion in the second quarter.
** EXPRESS INC, $13.15, -9.25 pct
The company’s same-store sales fell 5 percent, more than the 2.5 percent fall expected by analysts. The apparel retailer also cut its full-year profit forecast to 69-76 cents per share from 85-95 cents.
** AVAGO TECHNOLOGIES LTD, $102.14, +7.37 pct
At least 10 brokerages raise price target by as much as $25 to as high as $125 after the company reported better-than-expected fourth-quarter revenue on Wednesday.
** CTI BIOPHARMA CORP, $2.255, +3.92 pct
The drug developer said it received $15 million in milestone payment from Teva Pharmaceutical on sales of cancer drug Trisenox.
** RYANAIR HOLDINGS, $68.4999, +7.82 pct
Europe’s largest low-cost carrier raised its profit forecast for the second time in a month on Thursday after passenger numbers jumped 22 percent in November, a rise which it said was due in part to the improvements it has made to its much-criticized customer service.
Low-cost airlines: Passenger numbers on the rise
** CACHE INC, $0.2408, +7.07 pct
The women’s apparel retailer said it received an inquiry from a third party for potential sale of company. The company said its board will explore and evaluate strategic alternatives including possible merger or sale.
** GILDAN ACTIVEWEAR INC, $53.95, -7.41 pct
The Canadian apparel maker’s quarterly profit missed expectation, hurt by weaker-than-expected sales growth in its branded apparel business.
** MOBILEYE NV, $43.47, +3.97 pct
Deutsche Bank raises rating on the stock to “buy” from “hold”, saying that company is exceeding expectations on contract wins based on industry research.
** CLIFFS NATURAL RESOURCES INC, $8.01, -6.86 pct
The U.S. miner said it terminated $600 million cash tender offer and postponed debt refinancing, citing adverse market conditions. Securities tendered in these offers will not be accepted and no payment will be made. (Compiled by Amrutha Penumudi in Bengaluru; Editing by Sriraj Kalluvila)