U.S. stock futures were flat to weaker Wednesday ahead of a report on employment and the Fed’s assessment of the economy, as calm was restored to markets after the Dubai debt jitters.
S&P 500 futures slipped six-tenths of a point to 1107.80 and Nasdaq 100 futures fell 2 points to 1790.00. Futures on the Dow Jones Industrial Average fell 5 points.
U.S. stocks climbed on Tuesday as fears over Dubai continued to ebb, pushing the Dow Jones Industrial Average up 126.74 points, its best finish since Oct. 2, 2008. The Nasdaq Composite rose 31 points and the S&P 500 climbed 13 points.
Bank of America’s (BAC) board appears to be looking for a clone of current CEO Ken Lewis, in which case its timing is unfortunate. Two CEO candidates said Bank of America Corp. should consider breaking itself up, though the board has rejected that idea, according to a report in The Wall Street Journal. Bank of America Corp. (NYSE:BAC, $15.90, +$0.05, 0.32%) fell 0.19 percent to $15.87 on Wednesday morning pre-market trading session, while on Tuesday, shares of Bank of America climbed 0.32 percent and closed on $15.90, BofA dropped 7.88 percent in the past one month trading.
Google is offering news publishers a way to attract paying subscribers without having to remove their content from Google News search results, after some media companies accused it of profiting from their online news. Google Inc. (NASDAQ:GOOG, $589.87, +$6.87, 1.18%) jumped 0.17 percent to $590.90 on Wednesday morning pre-market trading session, even on Tuesday, shares of Google were up 1.18 percent and closed on $589.87.
Men’s apparel retailer JoS. A. Bank Clothiers Inc. (JOSB) Wednesday reported an increase in third quarter earnings, which also topped analysts’ estimates, as net sales grew more than 8% year over year. Net income for the quarter increased 26% to $11.73 million or $0.63 per share from $9.30 million or $0.50 per share in the year-ago quarter. Jos. A. Bank Clothiers, Inc. (NASDAQ:JOSB, $42.80, +$1.99, 4.88%) rose 2.45 percent to $43.85 on Wednesday morning pre-market trading session, even on Tuesday, shares of Jos. A. Bank climbed 4.88 percent and closed on $42.80.
Shanda Games Ltd. (GAME) posted a 39% increase in earnings as the Chinese online-game developer continued to add paying subscribers. The company was spun off Sept. 25 from Shanda Interactive Entertainment Ltd. (SNDA), which said its third-quarter profit grew 29% and its adjusted earnings topped Wall Street’s expectations. Shanda Games Limited (NASDAQ:GAME, $10.61, +$0.37, 3.61%) dropped 1.70 percent to $10.43 on Wednesday morning pre-market trading session, while on Tuesday, shares of Shanda Games were up 3.61 percent and closed on $10.61.
Dyax Corp. (DYAX) said the Food and Drug Administration approved its drug to treat a rare swelling disorder known as hereditary angioedema in patients age 16 and older. Dyax Corp. (NASDAQ:DYAX, $3.50, -$0.23, -6.17%) rose 28.57 percent to $4.50 on Wednesday morning pre-market trading session, while on Tuesday, shares of Dyax declined 6.17 percent and closed on $3.50.
Santarus Inc, a specialty pharmaceutical company, said it got marketing approval from U.S. health regulators for an over-the-counter version of Schering-Plough Corp (SGP)’s heartburn drug Zegerid. Upon approval of the drug Zegerid, Santarus earned a $20 million milestone and may receive up to an additional $37.5 million in sales milestones, the company said in a statement. Santarus, Inc. (NASDAQ:SNTS, $4.29, +$0.30, 7.52%) jumped 26.57 percent to $5.43 on Wednesday morning pre-market trading session, even on Tuesday, shares of Santarus were up 7.52 percent and closed on $4.29.
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