(For faster updates on individual market-movers, Eikon usersplease use search string "STXBZ US"; for the Day Aheadnewsletter, http://link.reuters.com/mex49s; for the Morning NewsCall newsletter, http://link.reuters.com/nex49s)U.S. stocks opened sharply higher on Wednesday after Greek PrimeMinister Alexis Tsipras said he was prepared to accept most ofcreditors' bailout terms with some modifications. The Dow Jonesindustrial average was up 0.93 percent at 17,783.76, theS&P 500 was up 0.80 percent at 2,079.53 and the NasdaqComposite was up 0.93 percent at 5,033.168.
** CHUBB CORP, $127.26, +33.76 pct
** ACE LTD, $109.92, +8.10 pct
Property and casualty insurer ACE said it would buy smallerrival Chubb for $28.3 billion to diversify its portfolio andreduce exposure to rock-bottom catastrophe insurance rates.
The deal is at a premium of 30 percent to Tuesday's closingprice for Chubb stock, based on the offer price of about $124.13per share.
** BIOCEPT INC, $2.9388, +15.25 pct
The medical test maker launched a new blood test that couldidentify patients who would respond to breast and lung cancertreatments.
** CONSTELLATION BRANDS INC, $119.225, +2.76 pct
The company reported a better-than-expected quarterlyprofit, helped by higher sales of its Corona and Modelo beers,and said it would buy the Meiomi wine brand for about $315million.
** TETRALOGIC PHARMACEUTICALS CORP, $3.49, +49.15pct
The drug developer said patients given its experimental drugbirinapant in combination with azacitidine showed completeresponse to treatment in mid-stage study.
** GENERAL MILLS INC, $54.81, -1.63 pct
The maker of Cheerios cereal and Betty Crocker cake mixessaid fourth-quarter profit halved as it recorded a $260 millioncharge to write down the value of one of its frozen and cannedvegetable businesses.
** XENON PHARMACEUTICALS INC, $8.8933, -22.87 pct
The drug developer said two strengths of its experimentalointment for pain did not significantly reduce pain in patientssuffering from osteoarthritis.
** BALLARD POWER SYSTEMS INC, $1.6899, -19.14 pct
The Canadian fuel cell products maker announced anoffering of 8.1 million of its U.S.-listed shares at $1.60 pershare, a 23.5 percent discount to the stock's Tuesday close.
The offering size represents 6 percent of the company'soutstanding shares as of May 13, according to Thomson Reutersdata.
** PATTERSON COS INC, $49.2, +1.13 pct
The company said it would sell its business that makesproducts to help patients' recover to private equity firmMadison Dearborn Partners for $715 million.
** VALLEY NATIONAL BANCORP, $10.42, +1.07 pct
JP Morgan raised its rating on the bank's stock to"neutral", according to Theflyonthewall.com.
** AXCELIS TECHNOLOGIES INC, $3.0786, +4.01 pct
Benchmark Co started coverage of the company's stock with a"buy" rating. Analyst Mark Miller expects the company to post aprofit this year and the next after three straight years oflosses.
** MELCO CROWN ENTERTAINMENT, $20.68, +5.35 pct
** LAS VEGAS SANDS, $54.52, +3.71 pct
** WYNN RESORTS LTD, $104.77, +6.18 pct
Casino stocks rose for a second straight day following abetter-than-expected showing for monthly gaming revenue inMacau.
Macau's gaming revenue dropped slightly less than the 39-40percent analysts had forecast though it still suffered its 12thstraight monthly decline.
** GREENBRIER CO INC, $48.34, +3.18 pct
The company's third-quarter profit missed estimates for thefirst time in five quarters. Quarterly sales growth also fellshort of market estimates, partly due to an abrupt decline inscrap metal prices.
** GENERAL ELECTRIC CO, $26.71, +0.53 pct
The head of General Electric's finance unit said Tuesday heexpects the pace of GE Capital asset sales will accelerate inthe third quarter as the U.S. conglomerate eyes unloading aneven bigger chunk of assets.
"We're going to pick up the pace in the third quarter," GECapital Chief Executive Keith Sherin told Reuters in aninterview.
** AT&T INC, $35.58, +0.17 pct
** DIRECTV, $93.65, +0.93 pct
AT&T's proposed $48.5 billion acquisition of DirecTV isexpected to get U.S. regulatory approval as soon as next week,according to people familiar with the matter, a decision thatwill combine the country's No. 2 wireless carrier with thelargest satellite-TV provider.
** NIKE INC, $109.22, +1.11 pct
The world's largest sports shoe company said Chairman andco-founder Phil Knight would step down next year.
Knight recommended that Chief Executive Mark Parker succeedshim as chairman. Parker has been CEO since 2006.
** AMAZON.COM INC, $439.04, +1.14 pct
Amazon launched its one-hour delivery service, Prime Now,for select areas of London on Tuesday and said it would expandthe program to additional cities in the United Kingdom by theend of the year.
For a fee of 6.99 pounds, Amazon Prime members can haveorders worth 20 pounds ($31.43) or more delivered in one hour,the company said on its UK website on Tuesday.
** AMYRIS INC, $1.9, -2.56 pct
The renewable chemicals and fuels company said on Tuesday ithad reached a deal with Total SA. Total will own 75percent of the JV after the restructuring.
** KANDI TECHNOLOGIES GROUP INC, $9.1299, +0.99 pct
The Chinese electric vehicle maker said its joint venture,Kandi Electric Vehicles Group Co Ltd, received a Chinesegovernment subsidy payment of 271.1 mln yuan ($43.7 mln). Kandisaid it received the payment for "pure electric vehicle" salesin the second half of 2014. Kandi Electric Vehicles is a 50-50joint venture between Kandi and Chinese automaker GeelyAutomobile Holdings Ltd. ($1 = 6.20 yuan)
** MARTEN TRANSPORT LTD, $22.2, +2.30 pct
The trucking company will replace restaurant chain operatorCracker Barrel Old Country Store Inc in the S&PSmallCap 600 index after close of trading on July 1. CrackerBarrel will replace Dresser-Rand Group Inc in the S&PMidCap 400 index. Germany's Siemens AG has agreed tobuy U.S. oilfield equipment maker Dresser-Rand for $7.6 bln.
** BANCO SANTANDER SA, $7.1, +1.28 pct
The Spanish bank and British mobile bankingsoftware provider Monitise have formed a joint ventureto invest in financial technology businesses, they said onWednesday. (Compiled By Manya Venkatesh in Bengaluru; Editing by SimonJennings)