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

Thu, 26th Jun 2014 13:17

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

U.S. stock index futures were little changed on Thursdayafter Wall Street snapped a two-day losing streak, with themarket's focus on a batch of economic data including weeklyjobless claims: Dow Jones industrial average futures were up 0.03 percent at 16,776, S&P 500 futures were up0.01 percent at 1,949.75 and Nasdaq 100 futures were up0.07 percent at 3,817.5.

** IRON MOUNTAIN INC, Wednesday close $29.77, +18.17pct premarket

The document storage company said its board has approved itsconversion to a REIT for 2014 tax year after favorable IRSruling.

** WINNEBAGO INDUSTRIES INC, Wednesday close$23.8, +1.05 pct premarket

The largest U.S. motorhome maker reported its highestquarterly revenue since 2005 as Americans spend more onbig-ticket items in an improving economy. Winnebago reported an18 percent jump in deliveries in the third quarter ended May 31.Growth in the quarter was driven by higher rental sales and anincrease in retail consumer demand.

** CLIFFS NATURAL RESOURCES INC, Wednesday close$14.36, +1.88 pct premarket

The coal miner issued an open letter to shareholdersrejecting activist investor Casablanca Capital LP's claimsagainst the current management.

The hedge fund, which wants to replace Cliffs Natural'schief executive, responded by asking shareholders to vote forits board nominees.

** AES CORP, Wednesday close $15.32, +1.04 pctpremarket

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

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

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

** ELIZABETH ARDEN INC, Wednesday close $27, -12.26pct premarket

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

** AUXILIUM PHARMACEUTICALS INC, Wednesday close$21.23, +7.16 pct premarket

** QLT INC, Wednesday close $5.3997, +24.08 pctpremarket

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

** AGENUS INC, Wednesday close $3.43, +13.70 pctpremarket

The biotechnology company reported promising data frommid-stage trial of its experimental vaccine for treating genitalherpes. The company said more than half of those vaccinateddeveloped a robust immune response.

** ALCOA INC, Wednesday close $14.55, +4.26 pctpremarket

The aluminum giant has agreed to acquire aircraft partsmaker Firth Rixson from private equity firm Oak Hill CapitalPartners for $2.85 billion in cash and stock, the company saidon Thursday. The deal will grow Alcoa's aerospace segment, andboost the aluminum giant's production of nickel and titaniumgoods.

** C&J ENERGY SERVICES INC, Wednesday close$32.81, +6.86 pct premarket

** NABORS INDUSTRIES LTD, Wednesday close$27.3, +8.72 pct premarket

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

** BED BATH & BEYOND INC, Wednesday close$61.11, -7.94 pct premarket

The home goods retailer reported weaker-than-expectedresults and forecast. The company said it expects second-quarterearnings of $1.08-$1.16 per share, lower than average analystestimate of $1.20. Two brokerages cut price targets on thecompany's stock, citing weak earnings.

** PHILIP MORRIS INTERNATIONAL INC, Wednesday close$88.89, -2.24 pct premarket

The cigarette maker cut its earnings forecast for 2014 andsaid it is proving to be a "complex and truly atypical" year forthe company. Philip Morris and its rivals are grappling withdeclining sales in a number of markets due to increasinggovernment regulation and more health-aware consumers, as wellas smuggling and an economic downturn.

** ACCENTURE PLC, Wednesday close $83.06, +0.35 pctpremarket

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

** SERVICEMASTER GLOBAL HOLDINGS INC

The Terminix pest control owner's shares will debut onThursday. The company raised about $610.3 million after itpriced 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 theNasdaq after 17.8 million shares were priced at $24 per share,top end of the expected price range of $21-$24. The IPO raisedabout $427.2 million and the company is valued at $2.96 billionat IPO price.

** BARCLAYS PLC, Wednesday close $15.71

The New York State's attorney general has filed a securitiesfraud lawsuit against the Barclays, accusing the British bank ofgiving an unfair edge in the United States to high-frequencytrading clients even as it claimed to be protecting othercustomers from such traders.

** CONAGRA FOODS INC, Wednesday close $28.73

The food giant reported better-than-expected quarterlyrevenue as higher sales in commercial foods business made up forweakness in its consumer foods and private brands businesses.Excluding items, the company earned 55 cents per share, in linewith its lowered estimate. (Compiled by Amrutha Gayathri in Bangalore; Editing by JoyjeetDas)

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