NOTE TO SUBSCRIBERS: Reuters is converting some short-form
coverage of hot stocks, including Market Pulse, into the new
Stocks Buzz product. From June 16, items that were previously
published only as a compilation will be published as standalone
items featuring the BUZZ tag. They will also be accessible via
the STXBZ news code. A collated version will continue to appear
on the WATCH/US named-item code under the headline "BUZZ-U.S.
stocks on the move".
U.S. stocks slipped on Wednesday, with the Dow and S&P 500
pulling back from record levels, though strength in a number of
large-cap tech names kept the Nasdaq near breakeven territory.
The Dow Jones industrial average was down 0.65 percent at
16,835.76, the S&P 500 was down 0.46 percent at 1,941.84
and the Nasdaq Composite was down 2.9 points, or 0.07
percent, at 4,335.10.
** GENERAL MOTORS CO, $36.02, -1.04 pct
General Motors Chief Executive Mary Barra will testify on
June 18 at a U.S. House of Representatives subcommittee hearing
on the automaker's defective ignition switch that has been
linked to at least 13 deaths, the subcommittee said on
** AMERICAN AIRLINES GROUP INC, $42.41, -2.86 pct
** DELTA AIR LINES INC, $40.57, -3.22 pct
** UNITED CONTINENTAL HOLDINGS INC, $45.11, -5.55
** JETBLUE AIRWAYS CORP, $10.4, -2.16 pct
** SOUTHWEST AIRLINES CO, $26.95, -1.25 pct
Shares of airlines companies fell on Wednesday after
Lufthansa cut back profit targets for the next two
** EXTENDED STAY AMERICA INC, $22.75, -4.09 pct
The hotel chain announced late on Tuesday a secondary
offering of 21 million shares by selling shareholders.
** NORTHWEST BIOTHERAPEUTICS, $6.53, +13.96 pct
The biotechnology company said its immune therapy
DCVax-Direct has shown promising responses in an ongoing early
and mid-stage trial. Tumor cell death and tumor shrinkage was
noticed in 13 of the 20 patients, who received at least three of
the 6 total injections.
DCVax-Direct is an immune therapy for all types of
inoperable solid tumor cancers and is administered by direct
injection into the patient's tumors.
** BOEING CO, $134.05, -2.33 pct
Brokerage RBC Capital Markets downgraded its rating on the
stock of the aircraft maker to "sector perform" from
"outperform". RBC said "with build rates rising, no new aircraft
launches (which stimulate orders) and slots sold out for many
years, Boeing faces an uphill task to meet or beat" its
** DIGITALGLOBE INC, $31.32, +2.42 pct
The satellite imagery provider said the U.S. government had
approved its longstanding request to sell higher-resolution
images, a move that could unlock $400 million in additional
market opportunities for the company.
** OREXIGEN THERAPEUTICS INC, $5.705, -16.23 pct
The company said the U.S. Food and Drug Administration
delayed a decision on the marketing application for its obesity
drug, contrave, by three months.
** BALTIC TRADING LTD, $6.35, -4.37 pct
** DRYSHIPS INC, $3.39, -1.45 pct
** GLOBUS MARITIME LTD, $3.63, +2.25 pct
The Baltic Exchange's main sea freight index, which
tracks rates for ships carrying dry bulk commodities, fell 31
points, or 3.09 percent on Wednesday dragging down stocks of dry
** BOYD GAMING CORP, $11.68, +4.38 pct
The casino operator said on Tuesday its unit Borgata would
receive a tax refund of $88.3 million as part of an agreement to
settle portions of tax appeal complaints filed by Borgata,
related to property tax assessments for tax years 2011 through
** REVOLUTION LIGHTING TECHNOLOGIES INC, $2.22,
The LED lighting maker said it won an order from real estate
investment trust SL Green Corp to install more than
6,000 units of its LED products at nine properties of SL Green.
** MONTAGE TECHNOLOGY GROUP LTD, $21.49, +8.65 pct
Shanghai Pudong Science And Technology Investment Co.
offered to buy the Shanghai-based chipmaker for $22.6 per share,
valuing Montage's equity at about $693 million.
** LULULEMON ATHLETICA INC, $44.18, -2.86 pct
Founder and biggest shareholder, Chip Wilson, lashed out at
the yogawear retailer's board on Wednesday, announcing he had
voted not to re-elect the yogawear retailer's new chairman,
Michael Casey, and one other director.
** BARRICK GOLD CORP, $16.37, +0.68 pct
** NEWMONT MINING CORP, $23.06, +1.23 pct
** ELDORADO GOLD, $6.22, +0.97 pct
** AGNICO EAGLE MINES LTD, $31.77, +0.83 pct
** COEUR MINING INC, $7.54, +1.34 pct
** NEW GOLD INC, $5.67, +2.90 pct
** SILVER WHEATON CORP, $21.68, +1.83 pct
** SEABRIDGE GOLD INC, $8.3, +6.55 pct
Gold added 0.3 percent to $1,264.00 an ounce, holding
above a four-month low of $1,240.61 hit last week and
benefitting from struggling equity markets and a slightly weaker
** OCERA THERAPEUTICS, $7.935, +13.20 pct
JMP Securities Analysts started coverage of the drug
developer with an "outperform" rating, saying they believe the
company's forthcoming studies have a good chance of success.
Ocera is developing OCR-002 for reducing ammonia toxicity in
patients with liver damage. Analysts estimated the market for
the drug could exceed $500 million.
** ORASURE TECHNOLOGIES INC, $7.55, +4.43 pct
The diagnostics maker said it entered into an agreement with
drugmaker AbbVie Inc to jointly promote OraSure's
OraQuick HCV Rapid Test in the United States. The test is used
to evaluate individuals at risk for hepatitis C.
** TABLEAU SOFTWARE INC, $63.07, +2.79 pct
Information Technology consultancy firm Brillo entered into
a strategic partnership with Tableau to use its data analysis
software to serve enterprise customers.
** MILLENIAL MEDIA INC, $4.405, +4.63 pct
The mobile advertising services provider said it hired Marc
Theermann from Google Inc as executive president of
business strategy to oversee the company's advertising
development efforts. At Google, Theermann was head of mobile
platform sales, managing the publisher sales organizations for
its mobile ad products.
** JPMORGAN CHASE & CO, $57.06, -1.45 pct
Chief Financial Officer Marianne Lake affirmed the The
investment bank's earlier statements that second-quarter capital
markets revenue would likely be down about 20 percent from a
** BANCORP INC, $11.59, -28.46 pct
The lender said it will be restricted from issuing
non-benefit relodable prepaid card programs until it complies
with obligations issued by the Federal Deposit Insurance Corp,
under the Bank Secrecy Act (BSA). The bank said it would incur
additional expenses associated with these actions.
Brokerage BTIG downgraded the stock to "neutral" from "buy",
citing uncertainity over the timing of a potential approval of
the company's BSA report.
** CBS CORP, $61.97, +1.37 pct
The owner of the most watched U.S. television network said
it would divest its 81 percent stake in CBS Outdoor Americas Inc
, its outdoor advertising unit, over three days from
July 7. The company's shareholders would be able to exchange all
or some of their Class B common stock for CBS Outdoor shares at
a 7 percent discount.
** SANDISK CORP, $99.55, +2.48 pct
Bofa Merrill Lynch raised its rating to "buy" from
"underperform" on the memory chipmaker's stock, according to
** BANK OF AMERICA CORP, $15.58, -2.14 pct
The bank and the U.S. Department of Justice have reached an
impasse in negotiating a multibillion-dollar settlement related
to BofA's mortgage investments, the New York Times reported
citing people briefed on the matter.
** MORGAN STANLEY, $31.62, -1.43 pct
The company will "probably" close sales of two physical
commodities businesses in the third quarter, CEO James Gorman
** BP PLC, $50.775, -0.34 pct
** AEROVIRONMENT INC, $34.8, -1.78 pct
British Petroleum has been authorized to use unmanned
aircraft to survey pipelines and other infrastructure on
Alaska's North Slope, the first commercial drone flights over
U.S. land, government authorities said on Tuesday, giving a
boost to the tiny aircraft's manufacturer AeroVironment.
** EXELON CORP, $36.01, -3.09 pct
The utility company said it would offer 50 million shares of
its common stock and 20 million equity units for sale. The net
proceeds would be used to partly finance the acquisition of
Pepco Holdings Inc.
Each equity unit will comprise a contract to purchase Exelon
common stock by June 1, 2017 and a 1/20 undivided beneficial
ownership interest in $1,000 principal amount of Exelon's junior
subordinated notes due 2024.
** HILTON WORLDWIDE HOLDINGS INC, $22.8, -2.69 pct
The hotel operator said some of its shareholders were
selling 90 million Hilton shares at $23.04 per share, a slight
discount to the stock's Tuesday close of $23.43. The company
said it would not receive any proceeds from the sale.
** BIOFUEL ENERGY CORP, $7.6601, +32.64 pct
The ethanol producer said it would buy real-estate assets
controlled by Greenlight Capital Inc and real estate investor
James Brickman for $275 million in cash and stock.
** MICRON TECHNOLOGY INC, $30.96, +4.91 pct
Credit Suisse raised its price target to $50 from $30 on the
chipmaker's stock, citing enterprise demand for its DRAM memory
chips used in personal computers.
Prices for DRAM chips made by Micron, Samsung Electronics Co
Ltd and SK Hynix Inc have bounced back
from a deep memory chip price slump in 2012 that led some
chipmakers to throttle back production.
** H&R BLOCK INC, $32.03, +4.23 pct
The tax preparer's fourth-quarter earnings rose to $3.29 per
share from $2.42, after the company exited unprofitable retail
partnerships and improved its online tax-preparation software
** RAMBUS INC, $13.09, +5.91 pct
The technology licensing company raised its second-quarter
revenue forecast to $75 million-$77 million, from its previously
stated range of $69 million-$74 million.
Rambus also entered into a patent license agreement with
Qualcomm Global Trading Pte Ltd, a unit of Qualcomm Inc
. The agreement gives Qualcomm Inc and its units access
to patented memory, interface, and security technologies from
Rambus. The company said other terms of the agreement were
** SYNAPTICS INC, $84.2275, +26.62 pct
The touchscreen chipmaker said it would buy the sole
supplier of display chips for the iPhone for $475 million,
potentially winning back Apple Inc as a customer. The
company also raised its revenue forecast for the fourth quarter
ending June 30.
** ULTA SALON COSMETICS AND FRAGRANCE INC, $97.75,
The beauty products retailer reported better-than-expected
first-quarter profit and revenue on Tuesday helped by higher
e-commerce sales and forecast current-quarter sales above
analysts' average estimate.
At least two brokerages raised their price targets on the
stock on Wednesday.
** UNITED NATURAL FOODS INC, $62.9411, -8.12 pct
The U.S. food distributor reported first-quarter results in
line with analysts' average estimates on Tuesday and said it
expects earnings of $2.47-$2.50 per share for the year ending
Aug. 2, down from the $2.45-$2.51 it expected earlier.
The company said the updated outlook reflects acquisition
costs related to its agreement to buy Tony's Fine Foods for
about $195.3 million.
** PROSPECT CAPITAL CORP, $10.285, +4.74 pct
The business development company said it will not need to
restate historical financial statements to consolidate some
wholly owned subsidiaries, based on discussions with the office
of the chief accountant of the Securities and Exchange
(Reporting By Shubhankar Chakravorty in Bangalore; Editing by