Advertisement
UK markets close in 4 hours 23 minutes
  • FTSE 100

    8,112.97
    +34.11 (+0.42%)
     
  • FTSE 250

    19,824.24
    +222.26 (+1.13%)
     
  • AIM

    755.42
    +2.30 (+0.31%)
     
  • GBP/EUR

    1.1663
    +0.0007 (+0.06%)
     
  • GBP/USD

    1.2516
    +0.0005 (+0.04%)
     
  • Bitcoin GBP

    51,245.28
    +503.29 (+0.99%)
     
  • CMC Crypto 200

    1,384.59
    -11.95 (-0.86%)
     
  • S&P 500

    5,048.42
    -23.21 (-0.46%)
     
  • DOW

    38,085.80
    -375.12 (-0.98%)
     
  • CRUDE OIL

    84.04
    +0.47 (+0.56%)
     
  • GOLD FUTURES

    2,360.10
    +17.60 (+0.75%)
     
  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     
  • HANG SENG

    17,651.15
    +366.61 (+2.12%)
     
  • DAX

    18,051.36
    +134.08 (+0.75%)
     
  • CAC 40

    8,039.84
    +23.19 (+0.29%)
     

BUZZ-U.S. Stocks on the Move-Unipixel, Servicemaster, Barclays

(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)

Wall Street opened little changed on Thursday with focus on financial stocks following a fraud lawsuit against British bank Barclays (LSE: BARC.L - news) . The Dow Jones industrial average was down 0.61 percent at 16,765.4, the S&P 500 was down 0.60 percent at 1,947.71 and the Nasdaq Composite was down 1.05 points, or 0.02 percent, to 4,378.71.

** UNIPIXEL INC, $8, +16.28 pct

The touchscreen sensor maker said it started pilot production of its new InTouch Sensors, overcoming technical challenges.

ADVERTISEMENT

Cowen & Co raised price target on the company's stock to $7.50 from $5.00. Analyst Robert Stone said a modest penetration of the touch device market could support strong sales growth.

** IRON MOUNTAIN INC (NYSE: IRM - news) , $35.59, +19.55 pct

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

** CLIFFS NATURAL RESOURCES INC (NYSE: CLF - news) , $14.6, +1.67 pct

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.

** CELGENE CORP, $85.6686, -0.92 pct

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) , $22.64, -16.15 pct

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) , $21.51, +1.32 pct

** QLT INC (NasdaqGS: QLTI - news) , $6.3928, +18.39 pct

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) , $3.62, +5.54 pct

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) , $14.92, +2.54 pct

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) , $32.9, +0.27 pct

** NABORS INDUSTRIES LTD (NYSE: NBR - news) , $29.04, +6.37 pct

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) , $55.35, -9.43 pct

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) , $86.41, -2.79 pct

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) , $80.18, -3.47 pct

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, $17.3, +1.76 pct

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, $14.39, -8.40 pct

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. (Compiled by Amrutha Gayathri in Bangalore; Editing by Joyjeet Das)