Advertisement
UK markets closed
  • NIKKEI 225

    37,628.48
    -831.60 (-2.16%)
     
  • HANG SENG

    17,284.54
    +83.27 (+0.48%)
     
  • CRUDE OIL

    83.75
    +0.94 (+1.14%)
     
  • GOLD FUTURES

    2,344.30
    +5.90 (+0.25%)
     
  • DOW

    38,085.80
    -375.12 (-0.98%)
     
  • Bitcoin GBP

    51,825.61
    +643.25 (+1.26%)
     
  • CMC Crypto 200

    1,397.79
    +15.21 (+1.10%)
     
  • NASDAQ Composite

    15,611.76
    -100.99 (-0.64%)
     
  • UK FTSE All Share

    4,387.94
    +13.88 (+0.32%)
     

BUZZ-U.S. Stocks on the Move-Iron Mountain, Celgene, Elizabeth Arden

(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for more market insights, including options activity, ; for the Day Ahead newsletter, http://link.reuters.com/mex49s; for the Morning News Call newsletter, http://link.reuters.com/nex49s)

U.S. stock index futures were little changed on Thursday after Wall Street snapped a two-day losing streak, with the market's focus on a batch of economic data including weekly jobless claims: Dow Jones industrial average futures were up 0.03 percent at 16,776, S&P 500 futures were up 0.01 percent at 1,949.75 and Nasdaq 100 futures were up 0.07 percent at 3,817.5.

** IRON MOUNTAIN INC (NYSE: IRM - news) , Wednesday close $29.77, +18.17 pct premarket

The document storage company said its board has approved its conversion to a REIT for 2014 tax year after favorable IRS ruling.

ADVERTISEMENT

** WINNEBAGO INDUSTRIES INC (NYSE: WGO - news) , Wednesday close $23.8, +1.05 pct premarket

The largest U.S. motorhome maker reported its highest quarterly revenue since 2005 as Americans spend more on big-ticket items in an improving economy. Winnebago reported an 18 percent jump in deliveries in the third quarter ended May 31. Growth in the quarter was driven by higher rental sales and an increase in retail consumer demand.

** CLIFFS NATURAL RESOURCES INC (NYSE: CLF - news) , Wednesday close $14.36, +1.88 pct premarket

The coal miner issued an open letter to shareholders rejecting activist investor Casablanca Capital LP's claims against the current management.

The hedge fund, which wants to replace Cliffs Natural's chief executive, responded by asking shareholders to vote for its board nominees.

** AES CORP, Wednesday close $15.32, +1.04 pct premarket

The power company will sell its stakes in projects in the Philippines to Electricity Generating Public Co Ltd for $453 million.

** CELGENE CORP, Wednesday close $172.92, -49.80 pct premarket

The biotechnology company's shares reflect price adjusted for a two-for-one stock split. The stock split, which is the fourth since Celgene went public, increases the number of outstanding shares to about 798 million from about 399 million.

** ELIZABETH ARDEN INC (NasdaqGS: RDEN - news) , Wednesday close $27, -12.26 pct premarket

South Korea's LG Household & Health Care Ltd said it is no longer interested in acquiring Elizabeth Arden after the U.S. cosmetics firm announced this week it would embark on extensive restructuring due to mounting losses.

** AUXILIUM PHARMACEUTICALS INC (NasdaqGS: AUXL - news) , Wednesday close $21.23, +7.16 pct premarket

** QLT INC (NasdaqGS: QLTI - news) , Wednesday close $5.3997, +24.08 pct premarket

Drugmaker Auxilium said it would buy Canadian eye drug maker QLT in an all-stock deal to gain access to QLT's experimental treatment for retinal diseases caused by gene mutations. For QLT shareholders, the transaction represents a 25 percent premium based on a calculation of the closing prices of Auxilium and QLT shares on the Nasdaq on June 25.

** AGENUS INC (NasdaqCM: AGEN - news) , Wednesday close $3.43, +13.70 pct premarket

The biotechnology company reported promising data from mid-stage trial of its experimental vaccine for treating genital herpes. The company said more than half of those vaccinated developed a robust immune response.

** ALCOA INC (NYSE: AA - news) , Wednesday close $14.55, +4.26 pct premarket

The aluminum giant has agreed to acquire aircraft parts maker Firth Rixson from private equity firm Oak Hill Capital Partners (Other OTC: PGPHF - news) for $2.85 billion in cash and stock, the company said on Thursday. The deal will grow Alcoa's aerospace segment, and boost the aluminum giant's production of nickel and titanium goods.

** C&J ENERGY SERVICES INC (NYSE: CJES - news) , Wednesday close $32.81, +6.86 pct premarket

** NABORS INDUSTRIES LTD (NYSE: NBR - news) , Wednesday close $27.3, +8.72 pct premarket

Oilfield services provider Nabors will merge its well maintenance business with C&J Energy and receive $2.86 billion in cash and stock. After the deal, Nabors will own about 53 percent of the combined company, which will be listed on the New York Stock Exchange as C&J Energy Services Ltd.

** BED BATH & BEYOND INC (NasdaqGS: BBBY - news) , Wednesday close $61.11, -7.94 pct premarket

The home goods retailer reported weaker-than-expected results and forecast. The company said it expects second-quarter earnings of $1.08-$1.16 per share, lower than average analyst estimate of $1.20. Two brokerages cut price targets on the company's stock, citing weak earnings.

** PHILIP MORRIS INTERNATIONAL INC (NYSE: PM - news) , Wednesday close $88.89, -2.24 pct premarket

The cigarette maker cut its earnings forecast for 2014 and said it is proving to be a "complex and truly atypical" year for the company. Philip Morris and its rivals are grappling with declining sales in a number of markets due to increasing government regulation and more health-aware consumers, as well as smuggling and an economic downturn.

** ACCENTURE PLC (NYSE: ACN - news) , Wednesday close $83.06, +0.35 pct premarket

The consulting and outsourcing company reported a 7.5 percent rise in quarterly net revenue, led by faster growth in its consulting business. Net income rose to $881.8 million, or $1.26 per share, in the third quarter ended May 31 from $874.1 million, or $1.21 per share, a year earlier.

** SERVICEMASTER GLOBAL HOLDINGS INC

The Terminix pest control owner's shares will debut on Thursday. The company raised about $610.3 million after it priced its IPO of 35.9 million common shares at $17 each, slightly below the expected $18-$21. Servicemaster is valued at $2.17 billion at IPO price.

** GOPRO INC

The wearable sports camera maker's shares will debut on the Nasdaq after 17.8 million shares were priced at $24 per share, top end of the expected price range of $21-$24. The IPO raised about $427.2 million and the company is valued at $2.96 billion at IPO price.

** BARCLAYS PLC (LSE: BARC.L - news) , Wednesday close $15.71

The New York State's attorney general has filed a securities fraud lawsuit against the Barclays, accusing the British bank of giving an unfair edge in the United States to high-frequency trading clients even as it claimed to be protecting other customers from such traders.

** CONAGRA FOODS INC (NYSE: CAG - news) , Wednesday close $28.73

The food giant reported better-than-expected quarterly revenue as higher sales in commercial foods business made up for weakness in its consumer foods and private brands businesses. Excluding items, the company earned 55 cents per share, in line with its lowered estimate. (Compiled by Amrutha Gayathri in Bangalore; Editing by Joyjeet Das)