US STOCKS-Wall Street to open higher on merger activity, earnings

miércoles 16 de julio de 2014 09:10 GYT
 

* Intel climbs in premarket on earnings, outlook

* Bank of America profit drops; stock slips before bell

* Time Warner rebuffs $80 bln bid from 21st Century Fox

* Futures up: Dow 65 pts, S&P 9 pts, Nasdaq 26.50 pts (Adds PPI data, updates prices)

By Chuck Mikolajczak

NEW YORK, July 16 (Reuters) - U.S. stock index futures rose on Wednesday, on a fresh round of merger news, as investors digested the latest batch of corporate earnings.

* Merger and acquisition activity continued to thrive on Wall Street. Time Warner shares jumped 15.3 percent to $81.86 before the bell as Twenty-First Century Fox confirmed it made an $80 billion takeover offer for the company that was turned down.

* A partnership struck between IBM and Apple Inc will serve to boost indexes. A deal was struck between the tech giants, in which IBM will exclusively sell iPhones and iPads loaded with applications geared at enterprise clients this fall. IBM shares gained 1.8 percent to $191.85 and Apple advanced 2.1 percent to $97.35 in premarket.   Continuación...