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U.S. stock index e-mini futures edged slightly lower on Tuesday: Dow Jones industrial average futures were down 0.09 percent at 16,930, S&P 500 futures were down 0.11 percent at 1,968.75 and Nasdaq 100 futures were down 0.05 percent at 3,902.25.
** TESLA MOTORS INC, Monday close $222.66, -0.54 pct premarket
The U.S. electric car maker is being sued in China for trademark infringement, a surprise development that casts a shadow over CEO Elon Musk’s ambition to expand rapidly in the world’s biggest auto market.
** AMERICAN APPAREL INC, Monday close $0.885
Investment firm Standard General LP said Monday it gained voting control of ousted Chief Executive Officer Dov Charney’s shares in the firm and will back the retailer in its battle against bankruptcy.
** MACQUARIE INFRASTRUCTURE CO LLC, Monday close $61.17
The company said it would buy the 50 percent stake in liquids storage provider International-Matex Tank Terminals (IMTT) that it does not control for $1.03 billion in cash and stock.
** GRUPO TELEVISA SA, Monday close $35.51
The Mexican broadcaster and the world’s biggest provider of Spanish-language content said on Monday its net profit rose 21 percent in the second quarter, driven by higher pay-TV, Internet and phone sales.
** FIFTH STREET FINANCE CORP, Monday close $9.97
The investment adviser raised its monthly dividend by 10 percent to 9.17 cents per share for September, from 8.33 cents per share for August.
** BLUEBIRD BIO INC, Monday close $37.62
The drug developer commenced a $100 million common stock offering. BofA Merrill Lynch, Cowen & Co and Citigroup are the joint book-running managers of the offering.
Bluebird had a market capitalization of about $922 million as of Monday.
** PETSMART INC, Monday close $68.95
Longview Asset Management LLC became the latest shareholder calling for the company’s board to consider selling itself, even as the retailer said on Monday it was reviewing potential changes in its capital structure.
** ALLERGAN INC, Monday close $165.85
William Ackman’s Pershing Square Capital Management proposed on Monday a slate of six directors for the board of Allergan as the hedge fund presses forward with its $53 billion takeover bid with Valeant Pharmaceuticals International Inc for the Botox maker.
** ALCOA INC, Monday close $14.74, +0.14 pct premarket
The aluminum maker kicks off the U.S. corporate earnings season after North American markets close, announcing its results for the second quarter. Investors may look for comments from Alcoa executives on possible plans to diversify away from the commodity aluminum business at a time when the market is highly over supplied. (Compiled by Avik Das in Bangalore; Edited by Maju Samuel)