MARKET PULSE-Jos A Bank, Mattel, PepsiCo, Sotheby's, Endologix

Fri Feb 28, 2014 7:45am EST

U.S. stock index futures were little changed on Friday. Dow Jones industrial average futures were down 0.04 percent at 16,266, S&P 500 futures were down 0.13 percent at 1,851.5 and Nasdaq 100 futures were down 0.09 percent at 3,698.

** JOS. A. BANK CLOTHIERS INC, Thursday close $60.3, +2.99 pct after market

** MEN'S WEARHOUSE INC, Thursday close $50.42, +2.92 pct premarket

Jos. A. Bank rejected Men's Wearhouse Inc's revised takeover offer calling it inadequate, but said it was willing to talk with its larger rival about a higher bid.

** MECHEL OAO, Thursday close $1.88, -22.87 pct premarket

Shares of the indebted Russian coal miner and steelmaker collapsed by more than a third in Moscow on Friday. Mechel, which invested heavily in expansion before the 2008 financial crisis forced it to borrow heavily to support itself, blamed the slump on speculation, saying the company's financial position was stable. Two traders and two analysts said the move was probably caused by a so-called margin call, in which a bank sells shares held as security against loans. The low liquidity of Mechel's shares in Moscow exaggerated the move, they added.

** MERCADOLIBRE INC, Thursday close $94.23, +13.19 pct premarket

The Argentina-based e-commerce company posted better-than-expected quarterly results helped by a 30 percent jump in sales.

** ENDOLOGIX INC, Thursday close $17.87, -19.98 pct after market

The medical device maker forecast full-year revenue below the average analyst estimate due to slow growth in device sales in the United States.

** OMNIVISION TECHNOLOGIES INC, Thursday close $16.2, +14.20 pct premarket

The digital imaging chipmaker posted better-than-expected third-quarter results, helped by stronger demand for its PureCel sensors. The company also forecast fourth-quarter profit and revenue largely above the average analyst estimate.

** RENEWABLE ENERGY GROUP INC, Thursday close $11.89, +7.23 pct premarket

The biodiesel producer posted better-than-expected fourth-quarter results, boosted by a 90 percent increase in biodiesel sales. Quarterly revenue rose 68 percent to $390.6 million, the company said late on Thursday.

** SALESFORCE.COM INC, Thursday close $66.22, +0.65 pct premarket

The world's biggest maker of online sales software raised its full-year revenue forecast and said it aims to improve its adjusted operating margin, after quarterly revenue grew more than expected on strong sales at ExactTarget, an email marketing firm it acquired in June.

** COLONY FINANCIAL INC, Thursday close $22.74, -2.42 pct premarket

The real estate investment firm said it had priced its enlarged offering of 13 million shares of common stock, but did not offer details. The company plans to use the proceeds for debt repayment, working capital and general corporate purposes.

** NOVAVAX INC, Thursday close $6.65, +5.26 pct after market

The biopharmaceutical company said it extended the base period of its contract with the U.S. Department of Health and Human Services, enabling it to receive the remainder of its $97 million in funding until September, from the original period ending February.

The contract was awarded in February 2011 by the Biomedical Advanced Research and Development Authority to develop seasonal and pandemic influenza vaccines.

** PEPSICO INC, Thursday close $79.07

The soda maker said its board had again rejected activist investor Nelson Peltz's renewed call to split the company's beverage business from its flourishing snacks division. Ian Cook, presiding director of the company's board, said in a letter to Peltz on Thursday that the board and management were "comfortable" and in "complete alignment" in rejecting his proposal.

** GENERAL ELECTRIC CO, Thursday close $25.5

The diversified conglomerate is preparing to sell its fuel-dispenser making energy unit in a deal expected to fetch more than $500 million, people familiar with the matter said on Thursday.

** MATTEL INC, Thursday close $37.15

The world's No. 1 toymaker said it agreed to buy Canada's Mega Brands Inc for about $460 million, including debt, to expand its construction and arts and crafts offerings. Mattel, known for its Barbie and Hot Wheels brands, offered C$17.75 per Mega Brands share, representing a premium of 36 percent to the stock's Thursday close.

** SOTHEBY'S, Thursday close $50.37, -2.32 pct after market

Billionaire hedge fund manager Daniel Loeb is mounting a proxy fight at the auction house, with the goal of winning three board seats after the company's promise to return $450 million to shareholders failed to appease activist investors.

** MYLAN INC, Thursday close $56.27

The U.S. generic drugmaker provided a 2014 forecast above the average analyst estimate and said it planned a major transaction this year that would add to future earnings.

** APPLE INC, Thursday close $527.67

A German court on Friday dismissed a lawsuit filed against Apple by German patent manager IPCom claiming 1.57 billion euros ($2.15 billion) in damages.

** GAP INC, Thursday close $43.68

The fashion company reported on Thursday a higher-than-expected holiday quarter profit, helped by January sales gains, but said it expected unfavorable currency exchange rates to hit its full-year profit.

** FREEPORT-MCMORAN COPPER & GOLD, Thursday close $33.47

The U.S. miner said its Indonesian unit may need to declare force majeure on copper concentrate sales if a dispute with the government over export taxes drags on for a prolonged period. Freeport and fellow U.S. miner Newmont Mining Corp have refused to pay an escalating export tax introduced last month as part of package of new mining rules aimed at forcing miners to build smelters and process raw materials in Indonesia.

** JAMES HARDIE INDUSTRIES PLC, Thursday close $61.619

The world's biggest fiber cement products maker said on Friday that it would pay a special dividend to investors as it booked a 64 percent rise in third-quarter profit thanks to the stronger U.S. housing market.

** MORGAN STANLEY, Thursday close $30.36

The U.S. investment bank said Gokul Laroia will become co-chief executive for the Asia-Pacific region, replacing William Strong who will retire from the firm in May, according to an internal memo obtained by Reuters on Friday.

** BLACKROCK INC, Thursday close $305.81

The world's largest money manager has named former NYSE Euronext executive Philippe Matsumoto as treasurer and head of corporate insurance, the New York-based company said on Thursday.

** GENERAL MOTORS CO, Thursday close $36.77

** FORD MOTOR CO, Thursday close $15.39

The U.S. automakers, this week, ramped up deep discounts on many of their U.S. models, extending those offers through March in an effort to lure customers back into winter-ravaged showrooms. Some of the heaviest discounts are being offered by Ford and Chevrolet dealers on full-size pickups.

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