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U.S. stocks were little changed on Thursday in the wake of a mixed bag of economic data, with the Dow and S&P 500 holding just below record highs. The Dow Jones industrial average was down 0.14 percent at 18,199.67, the S&P 500 was down 0.22 percent at 2,109.17 and the Nasdaq Composite was up 0.04 percent at 4,969.15.
** CLEAN DIESEL TECHNOLOGIES INC, $2.09, +5.03 pct
Cowen and Co started coverage of the emission control system maker’s stock with an “outperform” rating and set a target price of $3, saying the company was able to make cheaper catalysts used in emission control systems.
** WALTER INVESTMENT MANAGEMENT CORP, $19.67, -13.16 pct
The mortgage servicer reported a fourth-quarter adjusted loss of 6 cents per share compared with market estimates of a profit of 63 cents. Total revenue fell 21 percent, hurt by a decline in servicing fees.
** NORTH ATLANTIC DRILLING LTD, $1.61, -4.17 pct
A $480.6 mln goodwill impairment charge pushed the rig contractor to a fourth-quarter even as revenue slid 18 percent and costs tripled.
** BARNES & NOBLE INC, $25.98, +7.13 pct
The bookseller said it would spin off its college bookstore unit to focus on its retail business. The spinoff is expected to be completed by the end of August.
** ATOSSA GENETICS INC, $2.41, +50.63 pct
The cancer test maker’s FullCYTE Breast Aspirator, used to collect fluid from breasts for tests, will be sold by unit of Henry Schein Inc.
** AVAGO TECHNOLOGIES LTD, $127.67, +13.30 pct
** EMULEX CORP, $7.99, +25.63 pct
Avago Technologies offered to buy Emulex for $8 per share in cash, valuing the deal at $606 million. The offer represented a premium of 26 percent to Emulex’s Wednesday close.
** COLLABRX INC, $1.46, -34.53 pct
The cancer data analysis provider priced an offering of 2.4 million shares at $1.27 per share, a 43 percent discount to their Wednesday close. The company had 7.35 million shares outstanding.
** CYBERONICS INC, $75.63, +25.28 pct
The medical device maker has agreed to buy Sorin SpA in an all-stock deal that the Italian company said values it at about $1.4 billion.
** UIL HOLDINGS CORP, $51.1, +20.72 pct
Spanish utility Iberdrola SA will buy UIL Holdings for about $3 billion to create a new listed power and electric utility and expand in the United States.
** BANK OF AMERICA CORP, $16.27, -1.33 pct
The bank on Wednesday said it reached a $300 million settlement of a lawsuit brought by lenders that helped finance construction of the failed Fontainebleau Resort and Casino in Las Vegas, which filed for bankruptcy protection in June 2009.
** FRONTLINE LTD, $2.77, +13.99 pct
Operating profit at the Norwegian tanker firm beat forecasts and the company said it expected earnings to improve further this year, benefiting from an oil glut that has pushed down prices of the commodity.
** SALESFORCE.COM INC, $69.86, +11.12 pct
The cloud software company raised its full-year revenue forecast, betting on strong demand for its web-based sales and marketing software and services.
** BALLARD POWER SYSTEMS INC, $2.3801, -13.14 pct
The fuel cell maker reported a bigger fourth-quarter loss and lower revenue, hurt by lower-than-expected sales in its telecom backup power business and termination of licensing contracts in China.
** MAGNEGAS CORP, $0.97, +14.12 pct
Two Rivers Demolition Inc, a Northern California-based provider of demolition services, chose MagneGas for fuel for its demolition project.
** TASER INTERNATIONAL INC, $23.23, -14.12 pct
The stun gun and wearable camera maker reported a lower-than-expected fourth-quarter profit, hurt by increased costs.
** LKQ CORP, $24.43, -12.28 pct
The vehicle parts supplier reported a lower-than-expected fourth-quarter profit and revenue, hurt by falling scrap metal prices and a stronger dollar.
** POPEYES LOUISIANA KITCHEN INC,$61.35, -7.37 pct
The quick-service restaurant chain operator said it expects same-store sales growth of 3.5-4.5 percent for 2015 compared with a 6.2 percent rise in the previous year.
** AMC NETWORKS INC, $71.74, +3.72 pct
The television network reported a better-than-expected quarterly profit and revenue as strong ratings for shows such as its hit zombie drama “The Walking Dead” and its acquisition of BBC America helped the cable TV network’s domestic performance.
** NEWFIELD EXPLORATION CO, $33.5, -6.94 pct
The oil and gas producer said it will offer 18 million shares of its common stock. The company had 137.4 million shares outstanding, according to Thomson Reuters data.
** 3D SYSTEMS CORP, $32.21, +7.30 pct
The 3D printer maker’s quarterly revenue jumped 21 percent.
** SEARS HOLDINGS CORP, $35.45, -6.46 pct
The owner of Sears department stores reported a narrower quarterly loss as it continued to slash costs and said it would launch a planned property trust by June, raising at least $2 billion for the struggling U.S. retailer.
** TOWN SPORTS INTERNATIONAL HOLDINGS INC, $7.07, +4.74 pct
The fitness club owner said its board was evaluating a sale of the company and retained Deutsche Bank Securities Inc to assist the process.
** NOBLE ENERGY INC, $47.75, -4.14 pct
The oil and gas producer plans a public offering of 21 million shares. The company had 362 million shares outstanding.
** MOBILEYE NV, $36.92, +4.62 pct
The driver-assistance system maker posted fourth-quarter revenue and profit above estimates, helped by strong demand for its camera-based systems that help drivers avoid collisions.
** WESTERN REFINING INC, $45.31, +3.83 pct
The company reported a better-than-expected adjusted quarterly profit on Thursday as lower crude oil prices helped improve refining margins.
** GENETIC TECHNOLOGIES LTD, $6.61, +2.96 pct
The Australia-based molecular diagnostics company appointed Eutillio Buccilli as CEO following the resignation of Allison Mew. Buccilli joined the company in June 2014 as CFO.
** KOHL‘S CORP, $73.17, +3.20 pct
The department store operator said sales and general administrative expenses will increase more in the first quarter than the rest of the year on higher store expenses and investment.
** GOGO INC, $17.938, +2.56 pct
The in-flight Internet provider gave a full-year revenue forecast range that was largely above analysts’ average expectation, driven by a surge in demand from commercial and business aviation clients.
** TORONTO-DOMINION BANK, $43.91, +1.08 pct
Canada’s second-largest lender reported a marginally higher quarterly profit, held back by its wholesale banking business.
** MERCADOLIBRE INC, $129.875, -3.24 pct
Piper Jaffray raised its price target on the Latin American online retailer’s stock to $165 from $155, while Stifel Nicolaus raises it to $160 from $155.
“The company’s business model of tying a marketplace together with payments and a third-party shipping platform is yielding increasing market share in a growing secular theme,” Piper Jaffray analysts wrote. (Compiled by Sneha Banerjee in Bengaluru; Editing by Joyjeet Das)