PRE-MARKET | October 03, 2016 $AAPL, $GOOG, $TSLA, $WFC, $DB

by Alpha | Oct 3, 2016 | Market Update, Pre-Market

PRE-MARKET MOVERS

1. AAPL, VHC: $VHC Apple $AAPL loses patent retrial, owes $302.4 million to VirnetX – Cnet

2. JNS:  $JNS Henderson Group, Janus Capital Announce $6 Billion All-Share Merger – WSJ

3. CAB:  $CAB Bass Pro Said to Win Auction for Outdoor-Gear Rival Cabela’s – BBG

4. DERM:  $DERM CIMZIA® Phase 3 Trial Meets Co-primary Efficacy Endpoints – Pipeline Review

5. GCI, TRNC:  $TRNC Gannett $GCI, Tronc Said Near Deal to Merge – SI

6. GOOG, GOOGL, TWTR:  $TWTR Google $GOOG $GOOGL Said to Tap Lazard to Review Potential Bid for Twitter – BBG

7. TSLA:  $TSLA Tesla Sees Best-Ever Deliveries Amid Rocky Third Quarter – Forbes

8. NXPI, QCOM:  $NXPI NXP Said to Hire Qatalyst Amid Qualcomm $QCOM Acquisition Interest- BBG

9. PTC:  $PTC PTC Prelim. Q4 Bookings Outpace Views – SI

10. BP:  $BP BP shuts North Sea platform after oil leak – The Telegraph

11. LOGM:  $LOGM Barclays Upgrades LogMeIn to Overweight, $105 PT

12. NTES:  $NTES CLSA Upgrades to Outperform

13. AZN:  $AZN AstraZeneca signs $1.5 bln deal with Allergan – MarketWatch

14. CXRX:  $CXRX Concordia Exercises Option to Defer Half of Earn-Out; Will Continue to Review Alternatives – SI

16. DB: $DB Deutsche Bank Charged Over Paschi Accounts as Legal Hits Mount – BBG

17. DB:  $DB Cheaper DOJ settlement for Deutsche won’t remove worries about European banks – CNBC

18. WFC:  $WFC Illinois to yank billions from Wells Fargo amid scandal – CNNMoney

19. WFC:  $WFC Clinton expected to hit Wells Fargo in speech on ‘bad corporate actors’ – CNBC

20. CTXS:  $CTXS UBS Downgrades Citrix Systems to Sell, $81 PT

21. ING:  $ING ING Plans to Reduce Its Workforce by Up to 11% in Overhaul – BBG

22. HRTX:  $HRTX Heron Therapeutics says 3 members of mgmt team will be leaving the Co

23. KBR:  $KBR KBR Sharply Cuts Year’s Outlook on Unexpected Costs – WSJ

24. MACK:  $MACK Merrimack Pharmaceuticals CEO resigns as company cuts 22% of workforce – MArketWatch

UPGRADES

DOWNGRADES

Trending Social Alerts

1. TSLA:$TSLA Accumulators went wild on the upside on Friday showing huge buying as price dropped at the open…someone alw…

2. MACK:$MACK Announces Major Corporate Restructuring. CEO resigns. 22% workforce reduction

3. EBAY:$EBay shares sharply fall 2.8% in pre-market trading as Facebook announces new “Marketplace” feature

4. CAB:Hitting @BloombergTV in 15mn to discuss news we had on $CAB sale, #Google move and #Catalyst being hired by #NXP.

5. TM:BREAKING: Toyota’s September U.S. sales up 1.5% vs estimate of 1.7% • $TM

Trending News Headlines

Google is working with a financial adviser to consider a potential bid for Twitter Inc., as the social-media company continues to explore a sale, according to a person familiar with the arrangement.

This story is developing. Please check back for further updates.

Bass Pro Shops and Cabelas Incorporated (NYSE: CAB) announced that they have entered into a definitive agreement under which Bass Pro Shops will acquire Cabelas for $65.50 per share…

European Union governments complained U.K. Prime Minister Theresa May’s plan to begin Brexit negotiations by April still lacks detail and said she will not get the informal talks she’s seeking before then.

Russian President Vladimir Putin on Monday suspended an agreement with the United States for disposal of weapons-grade plutonium because of “unfriendly” acts by Washington, the Kremlin said.

We’re introducing Marketplace, a convenient destination on Facebook to discover, buy and sell items with people in your community.

Hillary Clinton on Monday will unveil a plan to make it easier for consumers to take legal action against “bad corporate actors.”

Technology News