11:56 am Small-cap edge to to high, major averages drifting in upper end of range -- Dow -22, S&P -2.6, Nasdaq Comp -7.2 (:TECHX) :  

11:53 am European Markets Closing Prices (:SUMRX) : European markets are now closed; stock markets across Europe performed as follows:

• UK's FTSE:-0.4%
• Germany's DAX:-0.9%
• France's CAC:-0.4%
• Spain's IBEX:+0.3%
• Portugal's PSI:+0.7%
• Italy's MIB Index:+0.6%
• Irish Ovrl Index:-1.5%
• Greece ASE General Index: -2.5%

11:49 am Mazda Motor North America reports May 2015 US sales declined 0.4% YoY to 29,606 vehicles (MZDAY) :  

11:46 am T2 Biosystems announces data from an investigational study of its T2Candida panel, demonstrating that the panel provides accurate diagnosis of Candida (TTOO) : Data presented demonstrated that in each of the 15 confirmed candidemia pediatric patient samples in the study, T2Candida was able to accurately identify the Candida species in three to five hours compared to two to six days for blood culture. In addition, the protocol was adapted in this study to be able to detect results from just 2mL of blood compared to the 3mL that is currently required for testing. T2Candida Panel performance was established in adult subjects.

11:44 am Stocks/ETFs that traded to new 52 week highs/lows this session - New highs (83) outpacing new lows (67) (:SCANX) : Stocks that traded to 52 week highs: ADPT, ADXS, ALN, AMED, ANCX, ATTU, BRSS, CBPO, CBS.A, CE, CFG, CLCD, CLS, COLL, COWN, CRIS, CSGS, CTSH, CVRS, DOX, EBAY, EBF, ERN, FCAP, FENX, FEYE, FLML, FOE, FSI, FTAI, GDDY, GSBD, GSIG, GSL, HMHC, HZNP, IPAR, IVC, JNP, LOGI, LYTS, MNTA, MSBF, MW, NAT, NPTN, NVEE, NYCB, NYLD, OLED, OMG, OPK, PFNX, PPO, PROV, QCRH, RARE, REGI, RENN, RPTP, RTRX, RXDX, SBCP, SBSA, SCI, SEDG, SGEN, SGMS, SGU, SIEN, SNFCA, STNR, SUPN, TCX, TNK, TTMI, TV, UCBA, UEPS, WBS, YLCO, ZAGG, ZBRA

Stocks that traded to 52 week lows: AEGR, AHC, AMBR, ARO, ASM, AZUR, BKK, BLT, BWG, CLUB, CSTM, CTL, CTP, CUR, CVSL, CZR, EARN, EDD, EQGP, EZPW, FCFS, FHCO, FSNN, GRVY, HEAR, ICAD, IF, IMRS, INF, IO, ISH, LMIA, LTRX, MFV, MNI, MPA, MXWL, NCS, NMRX, NSPH, NTX, OB, OGE, OGEN, ONDK, PSUN, QUMU, RDEN, RELL, RFIL, RMGN, RNO, SHLO, SHOS, SMT, SSN, TRIV, UCP, UFPT, VCLT, VPV, VRA, WBK, YRCW, ZAZA, ZQK, ZSAN

ETFs that traded to 52 week highs: none

ETFs that traded to 52 week lows: LQD

11:31 am United Continental and Air China expand code-sharing to offer customers more flight choices between China and the U.S. (UAL) : United Airlines and Air China, members of Star Alliance announce plans to expand their code-sharing cooperation, covering an additional 22 routes in the China and U.S. markets. With this expansion, United and Air China will codeshare together on more than 110 routes, offering customers the most comprehensive route network between the U.S. and China.

11:27 am Currency Commentary: Euro Rallies on CPI, Greece Hopes (:SUMRX) :

• The Dollar Index slipped below the 97 level and is now testing 96 for support. The weakness is due to a surging euro which is rallying because of CPI data and rumors of a debt deal with Greece. The sell off in the DXY is a little surprising given its recent strength. But a failure to break above 97.80 support, coupled with a strong euro has led to some profit taking on the recent bounce. A poor April Factory Orders number has not helped the greenback but the dollar has been able to hold steady since the release of the news.
• The euro has been able to bounce and rally back above 1.11. Earlier this morning, there were upbeat headlines about Greek creditors agreeing to a deal and the Greek government sending its proposal. The issue, as has been from the beginning, is how far these two plans differ. Both sides continue to discuss the need to come to a resolution, but it does not appear either one is prepared to bend at the moment. In addition to the numerous Greece headlines we saw the latest round of CPI data from the EU. It came in hotter than expected which has once again led to speculation of an early end to the ECB purchase program. Premature to be sure, but the inflation data is trending up over the past couple of months. The gradual escalation was predicted by the ECB, so one should not get the feeling that these numbers are catching them off guard. In addition, they still remain well below the 2% level. 
• The pound is seeing a nice bounce off that 50- and 10-- sma (1.5167) area. Not a surprise given the recent selling and the dip in the USD. Economic data has also provided support with the Construction PMI, Net Lending, and Mortgage Approval numbers all outpacing expectations. 
• The yen is up on the day but remains weak overall. Yen is showing some signs of stabilizing at the moment at this 1.24 level. The country saw a an uptick in demand for its 10-year paper at an auction as bid cover rose to 2.7x compared to 2.2x at its prior sale/
• The RBA left its rate unchanged at 2.00% as widely expected. The Australian central bank said that " Having eased monetary policy last month, the Board today judged that leaving the cash rate unchanged was appropriate at this meeting". The RBA said it did expect further appreciation agaisnt the dollar. The Aussie has been holding the multi-year low levels in the 75-77 area for the past few months. It was seeing selling pressure into the meeting but has bounced on what is being viewed as relatively hawkish comments. 
• The Indian rupee is trading lower this morning after the RBI cut rates for the third time this year. The RBI has done a 25 bps cut in January, March and now June. The country's main rate now stands at 7.25%. Expectations are for another cut as the country looks to boost a slowing inflation number and growth. The rupee is trading in the 63 area which has set up as a consolidating area over the past two weeks (FOREX, BONDX).
  

11:26 am Mitsubishi Motors North America reports May 2015 sales increased 31.7% YoY to 9,575 units : Mitsubishi Motors North America release

11:25 am Archer-Daniels announces acquiring the tree nut and seed processing assets and operations in Modesto, California, from California Gold Almonds; financial terms not disclosed (ADM) : Under the terms of the deal, ADM is acquiring the lease to the brand-new Modesto processing plant, and taking ownership of assets-including processing equipment-at the facility.

11:23 am American Honda Motor reports May 2015 US sales increased 1.3% YoY to 154,593 vehicles (HMC) : American Honda Motor Co., Inc. today reported May 2015 Honda and Acura vehicle sales of 154,593 units, with Honda light trucks gaining 10.6 percent on sales of 63,979 units and Acura sedans increasing 43.5 percent on sales of 6,278 vehicles.

• Month-to-month American Honda total sales were up 1.3 percent year-over-year, with the Acura Division gaining 16.1 percent on sales of 17,042 vehicles in May and the Honda Division posting sales of 137,551 vehicles, a decrease of 0.3 percent for the month.
  

11:19 am Cadiz and Lucid Energy Inc. announce a joint venture collaboration to create power for the Cadiz Valley Water Conservation, Recovery & Storage Project (CDZI) : Cos announced that they have entered into a joint venture collaboration to create power for the Arizona & California Railroad Company as a component of the Cadiz Valley Water Conservation, Recovery & Storage Project. The joint venture will target the installation of a LucidPipe Power System in the Cadiz Water Project's planned 43-mile water conveyance pipeline, aimed at allowing new green power generation for expanding existing transloading operations and for other railroad purposes.

10:48 am Toyota Motor U.S.A. unit reports May 2015 sales declined 0.3% YoY to 242,579 units (TM) : Toyota Motor U.S.A. release

10:47 am Magnegas announces it has regained compliance with the Nasdaq minimum bid listing requirement (MNGA) :  

10:47 am Bristol-Myers and AbbVie (ABBV) announce that results from an interim analysis of its Phase III, randomized, open-label ELOQUENT-2 trial were published in the June 2 online edition of the NEJM (BMY) : The trial (n=646) evaluated elotuzumab, an investigational immunostimulatory antibody, in combination with lenalidomide and dexamethasone (ELd) versus lenalidomide and dexamethasone alone (Ld) for the treatment of relapsed or refractory multiple myeloma. The study met its co-primary endpoints demonstrating superior progression-free survival (PFS) and overall response rate (ORR.V).

• The ELd arm demonstrated a 30% reduction in the risk of disease progression or death compared to the Ld arm (HR 0.70, 95% CI, [0.57, 0.85]; p = 0.0004). The PFS rates in the ELd arm versus the Ld arm were 68% versus 57% at 1 year and 41% versus 27% at 2 years, respectively. A significant ORR also was observed with 79% (74% to 83%) in the ELd arm compared to 66% (60% to 71%) in the Ld arm (odds ratio, 1.9; 1.4 to 2.8; p=0.0002). The safety profile was consistent with previously-reported studies and there were minimal incremental adverse events (AEs) with the addition of elotuzumab to lenalidomide and dexamethasone. 
• Also presented in a poster session at ASCO on Sunday, May 31 were results from the Phase II study that evaluated elotuzumab in combination with bortezomib and dexamethasone (EBd, n=77) versus bortezomib and dexamethasone (Bd, n=75) alone in patients with relapsed or refractory multiple myeloma [Abstract #8573]. Consistent with data from ELOQUENT-2, results from the Phase II study demonstrated a 28% reduction in the risk for disease progression or death in the EBd arm compared to Bd alone (HR 0.72, 70% CI, 0.59, 0.88). One-year PFS rates were 39% (95% CI 28%, 50%) for EBd versus 33% (95% CI 22%, 44%) for Bd. One-year survival rates were 85% (95% CI 75%, 92%) in the EBd arm versus 74% (95% CI 62%, 83%) in the Bd arm. Grade 3-4 AEs were reported in 68% of patients in the EBd group and 60% in the Bd group, including infections (19% vs. 15%), thrombocytopenia (9% vs. 17%), and peripheral neuropathy (8% vs. 9%).
  

10:42 am U.S. Steel notches new session high (X) : Noted early relative strength in Steel SLX with X pacing the way. The new high for X in recent trade (25.22) left it slightly under last week's rebound attempt high at 29.30.

10:42 am PPG Industries and Innova Dynamics announce a strategic collaboration, where PPG will become the primary manufacturer of Innlay inks and pastes for Innova in the Asia Pacific Region (PPG) :  

10:38 am New bounce highs for major averages Dow -20, S&P -2.1, Nasdaq Comp -5 -- small and mid-caps reach positive territory (:TECHX) :  

10:27 am Nasdaq Comp -11 slightly extends push off low, Dow -37 and S&P -4.6 have not yet confirmed the move (:TECHX) :  

10:24 am Nissan Motor North America unit reports May 2015 US sales declined 0.8% YoY to 134,779 units (NSANY) :

• Nissan Division finished May with 124,305 sales. 
• Overall sales of Nissan crossovers, trucks and SUVs set a May record, up 17.6 percent. 
• Sales of the Nissan Rogue crossover increased 38.3 percent to 25,901, setting a May record. 
• Murano crossover sales increased 58.3 percent to 5,715. 
• Sales of the NV200 set an all-time record for any month at 1,631 units.

10:24 am Immunomedics announces that an interim analysis of Labetuzumab Govitecan produced encouraging survival results in patients with metastatic colorectal cancer (IMMU) : Co announced an interim analysis of a mid-stage clinical study showed that its antibody-drug conjugate, labetuzumab govitecan, produced encouraging survival results in patients previously treated with at least one prior irinotecan-containing regimen for their metastatic colorectal cancer. For the 33 patients who received the ADC at the 8 or 10 mg/kg dose levels, the interim median progression-free survival was 4.4 months, with 22% of these patients still benefiting from their cancer not progressing.

• In terms of treatment response, in 32 patients with at least one evaluation following treatments with labetuzumab govitecan at the 8 or 10 mg/kg level, 1 patient had a partial response and 24 patients reported stable disease as their best response, to give a combined disease control rate of 78%. 
• Labetuzumab govitecan was well tolerated by patients. At the optimal once-a-week doses of 8 and 10 mg/kg, grades 3 and 4 adverse events with occurrence of 5% or more included neutropenia, and mild diarrhea
  

10:12 am Immunomedics announces that sacituzumab govitecan demonstrated in a mid-stage clinical study promising anti-tumor activity in patients with metastatic lung cancer (IMMU) : In this study, treatment with sacituzumab govitecan produced tumor shrinkage of 30% or more in 6 of 19 patients with advanced NSCLC, or 32%. The disease control rate, which includes patients with treatment response within the range of 30% tumor shrinkage and 20% tumor growth, was 74%. An interim analysis of the length of time patients were living without their cancer progressing showed a median of 5.4 months, with 44% of patients still enjoying this survival benefit.

• Despite the aggressive nature of the disease, 30% of 20 patients with advanced SCLC responded to sacituzumab govitecan treatments with 30% or more tumor reduction. The disease control rate in this group of lung cancer patients was 55%. With 70% of patients having had their disease progressed, the interim progression-free survival is currently at 2.4 months. 
• For the 25 patients who responded to sacituzumab govitecan, all 11 SCLC patients and 12 of 14 NSCLC patients, or 86%, had a time to progression that was longer than their last therapy. These patients had previously failed a median of 2.5 (range 1-7) and 3 (range 1-8) cancer treatments, respectively.

10:07 am Stock indices extend push off early lows -- Dow -46, S&P -6, Nasdaq Comp -19 (:TECHX) : As noted earlier the S&P probed its 50 ema/sma at 2101/2099 (session low 2099) with the push off this support mildly extended in recent trade.

10:05 am Audi of America unit reports May 2015 US sales increased 7.5% YoY to 16,827 vehicles : Audi achieved its best-ever April sales in the brand's U.S. history. The previous April record was set in 2014 with sales of 15,653 vehicles. Through the first four months of 2015, Audi U.S. sales rose 11.9% from last year to 56,925 vehicles.

Audi of America release

10:05 am Hospira announces that its partner Celltrion, has received approval from the Brazilian agency ANVISA, for the use of Remsima in Brazil (HSP) :  

10:02 am Teva Pharma announces the launch of 1 mg, 2 mg, 3 mg, and 4 mg versions of the generic equivalent to Intuniv in the US (TEVA) :  

9:50 am Citrix Systems: Spike being attributed to takeover chatter; There was a Bloomberg article out on April 28 suggesting the co could be a M&A target (CTXS) :  

9:47 am Sector relative strength (:TECHX) : Sectors displaying relative strength has been led by: Steel SLX, Oil Service OIH, Mining XME, Casino, Gold Miners GDX, Coal KOL, Crude Oil USO, Gold GLD.

9:45 am Relative sector weakness (:TECHX) : Sectors that have underperformed thus far this morning include: Utility XLU, Airline JETS, Solar TAN, Semi SMH, Biotech IBB, Medical Supplies, Health XLV, Staples XLP, Trucking, Technology XLK.

9:39 am Opening Market Summary: Monday's Leaders Display Early Weakness (:WRAPX) : As expected, the major averages began the day with losses. The S&P 500 trades lower by 0.5% with nine sectors in the red.

The utilities sector (-1.2%) is the weakest performer in the early going, pressured by the increase in Treasury yields that has the 10-yr yield higher by five basis points at 2.24%. Meanwhile, another countercyclical group-health care (-0.9%)-also appears among the laggards.

Similar to health care, a few of yesterday's outperformers like industrials (-0.5%) and technology (-0.6%) have also struggled in the early going.

The Factory Orders report for April (Briefing.com consensus 0.0%) will be released at 10:00 ET.

9:38 am Weaker bias off the open for the major averages -- Dow -93, S&P -8.6, Nasdaq Comp -28 (:TECHX) : The S&P has slipped below a minor support and is probing its 50 day ema/sma in the 2101/2099 area. 

9:36 am ANI Pharma receives approval from the FDA of its Abbreviated New Drug Application for Oxycodone Hydrochloride Oral Solution 5mg/5mL; expects to begin shipping to its customers shortly (ANIP) :  

9:36 am Blackstone confirms it will sell the Center Parcs UK to Brookfield Property Partners (BPY); terms not disclosed (BX) :  

9:31 am Gamestop slightly lower at the open after acquiring Geeknet (GKNT) for ~$140 mln (GME) : See 9:25 comment.

9:31 am Unisys receives contract from Australia's New South Wales Government's Office of Finance and Services to provide IT services for clients of its current shared services provider (UIS) :  

9:30 am On the Wires (:WIRES) :

• ARI Network Services, Inc. (ARIS) announced that a leading European electric vehicle manufacturer will implement ARI's online eCatalog solution, PartSmart Web, on its dealer portal
  
• Wyndham Vacation Rentals, part of the Wyndham Worldwide (WYN), announced that it has acquired Vacation Palm Springs. The addition of the Palm Springs-based company, which manages more than 450 upscale vacation properties, marks Wyndham Vacation Rentals' first entry into California.
  
• Nasdaq (NDAQ) announced that Nasdaq Futures real-time market data will be available via the Bloomberg Professional service and the B-PIPE service, following the official launch of the NFX platform in mid-2015
  
• Intrexon Corporation (XON) announced the appointment of Olivier R. Jarry, M.B.A, as Senior Vice President, Consumer Sector
  
• Odyssey Marine Exploration (OMEX) has completed search and preliminary inspection operations on its "Olympus" Project. All shipwrecks have been located and Odyssey's marine operations team has conducted varying degrees of reconnaissance to collect data on each wreck including multibeam surveys, sub-bottom imaging and visual inspections with a remotely operated vehicle. The information gathered during the expedition is being analyzed to determine the financial and technical feasibility of recovery operations on one or more of the shipwrecks in the "Olympus" Project area.
  
• NetSol Technologies (NTWK) announced that Tesla Financial Services GmbH went live with NetSol's Business Process Outsourcing service to manage their entire finance and leasing back office process in Germany
  

9:30 am On the Wires (:WIRES) :

• HP (HPQ) announced that DreamWorks Animation (DWA) has selected HP to automate its IT infrastructure, by deploying the HP Datacenter Care-Infrastructure Automation solution
  
• Ellie Mae (ELLI) announced that Merrillville, Indiana-based Centier Bank has chosen Ellie Mae's Encompass all-in-one mortgage management solution as technology to support its mortgage business.
  
• Honeywell Aerospace (HON) announced it will supply its Primus Epic cockpit technologies to Dassault's Falcon 5X aircraft
  
• DirectView (DIRV) has begun beta testing its body worn camera systems integrated with mobile broadband technology. Co intends to test the camera in the coming weeks on a number of platforms including xG Technology (XGTI) xMax private mobile broadband technology.
  

9:29 am QTS Realty Trust prices its 7 mln share common stock offering at $37.00 per share (QTS) : Co is offering 5.75 mln shares, which was upsized from the previously announced 5 mln shares, and GA QTS Interholdco, the selling stockholder and an affiliate of General Atlantic LLC, is offering 1.25 mln shares, which was upsized from the previously announced 500,000 shares. As a result of the increase in the offering size, Co estimates that net proceeds to it, after deducting the underwriting discount and estimated offering expenses payable by the Co, will be ~$203.3 mln.

• Co intends to use the net proceeds of the offering of shares to fund a portion of the cash consideration payable by the Co in the acquisition of Carpathia Hosting, and prior to such use, to use a portion of the proceeds for general corporate purposes, including to repay amounts outstanding under its unsecured revolving credit facility.
  

9:26 am West Corp acquires substantially all of the assets of Intrafinity for ~$19 mln (WSTC) : Co announces it has completed the acquisition of substantially all of the assets of Intrafinity, doing business as SharpSchool, a leading provider of website and content management system software-as-a-service solutions for the K-12 education market. The purchase price was ~$19 mln. SharpSchool will be integrated into West's SchoolMessenger business.

9:26 am Wi-LAN signs a multi-year license agreement with Samsung Electronics (SSNLF), related to use of the Qimonda patent portfolio; co substantially raises revenue guidance (Shares Still Halted) (WILN) : Co subsidiary, Polaris Innovations Limited ("Polaris"), have signed a multi-year license agreement with Samsung Electronics (SSNLF) related to the Qimonda patent portfolio acquired by WiLAN from Infineon Technologies AG.

• Co stated: "The agreement with Samsung provides a promising start to this licensing program and confirms the value of the Qimonda portfolio. We believe that a significant percentage of the microchips currently being manufactured in the world today most likely are covered by claims associated with the patents in this portfolio. Consequently, our team will be working hard to finalize additional license agreements for the portfolio, since many companies will likely want to take a license." 
• Regarding 2015 guidance, co now expects Q2 revenue to be in excess of US $34 mln, up from 4/29 guidance for at least $18.3 mln and above the $25.20 mln Capital IQ Consensus Estimate
  

9:25 am Geeknet (halted) acquired by Gamestop (GME) for $20/share in cash (GKNT) :

• GameStop will acquire all of the outstanding shares of Geeknet's common stock for $20.00 per share in cash. 
• The transaction has been approved by the board of directors of both companies and will be completed by means of a tender offer. The transaction has a total equity value of ~$140 million, including $37 million of cash and cash equivalents as of March 31, 2015. 
• Geeknet also announced that it had terminated its previously announced merger agreement with Hot Topic (for $17.50/share). 
• On May 27, co said it had received an offer from a strategic buyer for $20/share.

9:16 am Ford Motor reports May 2015 US sales decliend 1% to 250,813 vehicles (F) :

• Retail sales of 171,535 vehicles decline 2 percent. Fleet sales of 79,278 vehicles are flat. 
• Sales of the all-new Ford Edge established a May sales record, with sales up 34 percent and turning in just 13 days on dealer lots. 
• The 2016 Explorer went on sale in May, and retail sales increased 24 percent. 
• Explorer is America's best-selling mid-size utility with its best May retail sales results since 2004.
  

Ford Motor release

9:12 am LRAD announces an order for $634K in LRAD 100X systems and accessories, from a police force in Asia; scheduled delivery is set for this fiscal year (LRAD) :  

9:11 am S&P futures vs fair value: -7.10. Nasdaq futures vs fair value: -13.70. (:WRAPX) : The stock market is on track for a modestly lower open as futures on the S&P 500 trade seven points below fair value.

Index futures held slim gains overnight, but slumped to lows once markets in Europe opened for action. Since then, futures have been able to recover the bulk of their losses, but they remain in negative territory amid continued uncertainty surrounding Greece. Last evening, leaders from France, Germany, and EU met to draft an agreement that would be presented to Greek representatives, but Greek leaders took the time to prepare a proposal of their own. At this time, it is uncertain if either version will be deemed appropriate by both sides.

Despite the lack of concrete progress, the euro has rallied to 1.1038, adding 1.0% against the greenback. Meanwhile, U.S. Treasuries and German bunds have retreated with the U.S. 10-yr yield higher by six basis points at 2.24% while Germany's 10-yr yield is higher by ten basis points at 0.65%. It is worth noting that a hotter than expected CPI reading for the eurozone (+0.3% year-over-year; expected 0.2%) has contributed to the slide in German bunds.

Today's economic data will be limited to the 10:00 ET release of the Factory Orders report for April (Brifing.com consensus 0.0%).

9:11 am Carlyle prices its 7 mln common unit offering, which is expected to close on June 5, 2015 (CG) : Co intends to use the net proceeds from the offering to purchase an equivalent number of outstanding Carlyle Holdings partnership units from existing unit holders, including certain of its directors and executive officers

9:07 am Westmoreland Coal and Westmoreland Resource Partners (WMLP) announces that WMLP will acquires all of Westmoreland Kemmerer, which operates the Kemmerer Mine in Wyoming (WLB) : Upon closing of the transaction, Westmoreland Coal will receive $135 million of cash, $20 million of WMLP common units, and $75 million of new WMLP Class A convertible units. The acquisition, which is expected to close in the third quarter, is expected to be immediately accretive to distributable cash flow on a per unit basis to Westmoreland Resource Partners (WMLP).

9:04 am Cyberonics announces FDA approval of the AspireSR generator for the VNS Therapy System, that provides stimulation to heart-rate increases associated with epilepsy (CYBX) :  

9:03 am Calavo Growers beats by $0.01, misses on revs (CVGW) : Reports Q2 (Apr) earnings of $0.49 per share, $0.01 better than the Capital IQ Consensus of $0.48; revenues rose 13.7% year/year to $221.6 mln vs the $231.21 mln consensus. 

• "The double-digit avocado volume growth which we have witnessed in the first six months of this year is expected to continue, and even accelerate, in the second half of this year. Mexico avocado operations are hitting on all cylinders-pricing and availability are trending favorably-and will be complemented by increased volume of pounds year-over-year in California, packing of which will ramp up during the third quarter."
  

9:03 am Synta Pharma announces ganetespib program updates; first patient enrolled in phase 2 portion of GANNET53 study of Ganetespib in ovarian cancer (SNTA) : Co announces that the first patient has been enrolled in the Phase 2 portion of the GANNET53 study, a randomized, pan-European study evaluating the combination of ganetespib and paclitaxel vs. paclitaxel alone in over 200 patients with metastatic, predominantly p53 mutant, platinum-resistant ovarian cancer. Enrollment in the Phase 2 portion follows the successful completion of Phase 1, the results of which were recently presented at the 2015 American Society of Clinical Oncology Annual Meeting in Chicago.

• Co also announced that results from the Phase 2 GALAXY-1 trial, a global, randomized, multi-center study designed to identify the patients with advanced non-small cell lung cancer most likely to benefit from second-line treatment with ganetespib in combination with docetaxel versus docetaxel alone, have been published in the journal Annals of Oncology.
  

9:03 am CBOE Holdings to acquire Livevol market data services and trading analytics platforms; no terms disclosed (CBOE) : CBOE announced today that it has entered into a definitive agreement to acquire the market data services and trading analytics platforms of Livevol, Inc. Financial terms of the deal were not disclosed. The acquisition will be funded with existing cash; and while it is not expected to be material in terms of revenue or earnings per share for 2015, the company expects the acquisition to be accretive to earnings per share in 2016.

9:03 am CytRx announces settlement of stockholder derivative lawsuit in Delaware (CYTR) :

• Co announced that it has reached an agreement to settle the stockholder derivative action pending in the Delaware Court of Chancery, which names as defendants a number of the Company's current and former directors and officers, and names the Company as a nominal defendant.
• The lawsuit, captioned In re CytRx Corp. Stockholder Derivative Litigation, C.A. No. 9864-VCL, relates to the Company's issuance and pricing of stock options to its directors and officers in December 2013.
• Although the individual defendants have denied any liability or wrongdoing in connection with the allegations contained in the lawsuit, they believe that it is in the best interests of the Company and its stockholders to settle the matter on reasonable terms to avoid potentially protracted and expensive litigation.
  

9:02 am Quantum Fuel announces a new order from a beverage distributor in the Southeast for its 21-inch tank back-of-cab system (QTWW) :  

9:02 am Delta Air Lines says May PRASM fell 5.5% y/y (DAL) : Consolidated passenger unit revenue (:PRASM) for the month of May decreased 5.5 percent year over year, with roughly half of the decline due to foreign exchange pressure and lower surcharges in international markets and the remainder from lower domestic yields. 

Delta now expects consolidated PRASM for the June quarter to decline approximately 4 to 5 percent, with the change from previous guidance a result of lower-than-expected close-in domestic business yields.

• Preliminary Financial and Operating Results
• May consolidated PRASM change year over year (5.5%) 
• May mainline completion factor 99.8% 
• May on-time performance (preliminary DOT A14) 87.3%
  

9:01 am Psychemedics announces the addition of 2 new drugs to its drug testing panels (PMD) : Co announces the addition of 2 new drugs to the company's drug testing panels. In response to growing abuse concerns, the addition of Oxymorphone was made to the synthetic opiate testing panel and D-Amphetamine/Adderall was added as an option to the Amphetamine panel.

9:00 am Diana Shipping announces that it took delivery of the m/v Medusa, a 2010 built Kamsarmax dry bulk vessel of 82,194 dwt (DSX) : The Company also announced that, through the same wholly-owned subsidiary, it entered into a time charter contract with Clearlake Shipping Pte. Ltd., Singapore, a member of the Gunvor Group, for the "Medusa". The gross charter rate is $7,450 per day, minus a 4.75% commission paid to third parties, for a period of minimum ten  months to maximum fourteen months. The charter commenced today.

• The employment is anticipated to generate approximately US$2.2 million of gross revenue for the minimum scheduled period of the charter.
  

8:59 am Dupont Fabros Tech announces launch of $250 mln offering of senior notes due 2025 (DFT) : The Company intends to use the net proceeds from this offering to repay outstanding borrowings under its unsecured credit facility and for general corporate purposes, including funding the Company's development activities.

8:54 am Follow-up: NBC news now reporting all the flights affected by earlier bomb threats were deemed to not be credible (SPY) : Airline stocks still showing modest losses... Airline stocks to watch: AAL, DAL, UAL, JBLU, RJET, LUV, SKYW, SAVE, VA, HA.

8:53 am S&P futures vs fair value: -4.60. Nasdaq futures vs fair value: -8.20. (:WRAPX) : The S&P 500 futures trade five points below fair value.

Tuesday was not a good day for markets in the Asia-Pacific region. Just about every market finished lower with one notable exception: China's Shanghai Composite, which jumped another 1.7% on the heels of Monday's 4.7% gain. India's Sensex led the declines with a 2.4% loss that followed an expected decision by the Reserve Bank of India to cut its repo rate for the third time this year by 25 basis points to 7.25%. Japan's Nikkei, meanwhile, saw its 12-session win streak come to an end.

• In economic data: 
  • Japan's Monetary Base +35.6% year-over-year (expected 34.3%; prior 35.2%) 
  • Hong Kong's April Retail Sales -2.2% year-over-year (consensus 0.7%; previous -2.9%) 
  • Australia's Q1 Current Account AUD -10.7 bln (expected AUD -10.8 bln; prior AUD -10.2 bln) and Q1 Net Exports Contribution 0.5% (expected +0.1%; prior +0.7%) 
  • South Korea's May CPI +0.3% month-over-month (expected +0.2%; prior +0.1%); +0.5% year-over-year (expected +0.5%; prior +0.4%). Separately, April Current Account KRW 8.14 bln (prior KRW 10.43 bln) 

------

• Japan's Nikkei declined 0.1%, bringing an end to its 12-session winning streak. The financial (-1.1%) and energy (-0.7%) sectors were the worst-performing areas. Mizuho Financial Group (-3.3%), Bridgestone Corp (-3.3%), and Taiyo Yuden Co (-3.1%) led declining issues while Chubu Electric Power (+4.5%), NTT Docomo (+3.9%), and JTEKT Corp (+3.8%) led the gainers. Out of the 225 index members, 87 ended higher, 134 finished lower, and 4 were unchanged. 
• Hong Kong's Hang Seng declined 0.5% with weakness in the consumer cyclical (-1.1%) and financial (-0.8%) sectors weighing on matters. Li & Fung (-5.9%), China Mengniu Dairy (-2.4%), and China Resources Land (-2.0%) paced declining stocks. China Shenhua Energy (+2.1%) was the best-performing issue and only stock to gain more than 1.0%. Out of the 50 index members, 11 ended higher, 35 finished lower, and 4 were unchanged. 
• China's Shanghai Composite increased 1.7% on the heels of Monday's 4.7% gain. Tuesday's gain came on the back of a last-hour rally in the market. Reportedly, the financial stability report from the People's Bank of China did not make note of stock prices being overvalued -- an omission that seemed to cheer stock market participants. Every sector in the Chinese market finished higher with gains ranging from 0.6% to 6.6%. 

Major European indices trade mostly lower with Germany's DAX (-0.6%) leading the retreat. All eyes remain on Greece after the country submitted another proposal to its creditors. Recall that leaders from France, Germany, and EU met last night to draft an agreement that would be presented to Greek representatives. At this time, it remains unclear which proposal will be deemed acceptable by both sides.

• Participants received several data points: 
  • Eurozone May CPI +0.3% year-over-year (expected 0.2%; prior 0.0%) while core CPI +0.9% year-over-year (expected 0.7%; previous 0.6%). Separately, April PPI -0.1% month-over-month (consensus 0.1%; prior 0.2%); -2.2% year-over-year (expected -2.0%; previous -2.3%) 
  • Germany's Unemployment Change -6,000 (consensus -10,000; prior -9,000) while the Unemployment Rate held at 6.4%, as expected 
  • UK's May Construction PMI 55.9 (expected 55.0; prior 54.2) while April BoE Consumer Credit GBP1.173 billion (expected GBP1.00 billion; prior GBP1.294 billion) 
  • Spain's Unemployment Change -118,000 (expected -115,500; prior -118,900) 

------

• Germany's DAX is lower by 0.6% with about 2/3 of the index in the red. Daimler is the weakest performer, down 2.0% while health care names also lag. Bayer, Fresenius SE, and Merck are down between 1.1% and 1.6%. Financials outperform with Commerzbank and Deutsche Bank trading higher by 2.3% and 1.3%, respectively. 
• UK's FTSE has given up 0.1% with miners and consumer names on the defensive. Glencore and Fresnillo are both down near 1.0% while British American Tobacco, Imperial Tobacco, J Sainsbury, and Tesco show losses between 0.9% and 2.4%. 
• In France, the CAC has returned to its flat line after showing earlier weakness. Financials have contributed to the rebound with BNP Paribas and Credit Agricole both up near 2.3%. Industrials remain weak with Peugeot, Michelin, Scheinder Electric, and Legrand down between 1.3% and 1.6%. 
• Spain's IBEX outperforms with a gain of 1.0% amid broad strength. Bank shares lead with Banco Sabadell, Santander, Banco Popular, Caixabank, and Bankia up between 1.5% and 2.3%.

8:52 am On the Wires (:WIRES) :

• Alcoa (AA) announced it is investing $22 million in Hot Isostatic Pressing technology for its facility in Whitehall, Michigan.
  
• MeadWestvaco Corporation (MWV) announced a licensing agreement with Burgopak whereby MWV Healthcare will market Burgopak's medication adherence packaging, serving the pharmaceutical and animal health markets in the United States.
  
• XenoPort, Inc. (XNPT) announced that pooled data analyses for HORIZANT Extended-Release Tablets, will be presented at the upcoming 29th Associated Professional Sleep Societies annual SLEEP meeting in Seattle.
  
• Ardmore Shipping Corporation (ASC) announced that the Company took delivery of the newbuilding Ardmore Sealion on May 26, 2015. The 49,999 deadweight tonne, eco-design IMO 3 product and chemical tanker was constructed at the SPP Shipbuilding Co. Upon delivery, the Ardmore Sealion immediately contributed to growth in earnings and cashflow by commencing her initial employment in the Ardmore fleet.
  
• Synchrony Financial (SYF) announced a multi-year extension of its private label credit card financing program with ABC Warehouse
  
• CenturyLink, Inc. (CTL) announced that Karen Puckett, CenturyLink's President of Global Markets, will retire from the company effective August 31, 2015

8:52 am On the Wires (:WIRES) :

• OTI PetroSmart a subsidiary of On Track Innovations (OTIV) and Wayne Fueling Systems announced the expansion of the EasyFuel Plus implementation into Africa, South America and Asia. Under the agreement, OTI's EasyFuel Plus components are rebranded as Wayne products and integrated into the Wayne Fusion site automation server to help provide Wayne's customers with a cost-effective fleet management system.
  
• Tech Data Corporation (TECD) announced an exclusive agreement with Saratoga Speed to provide its full portfolio of products to the company's channel of solution providers in the United States
• Asure Software (ASUR) announced a partnership with DoubleHorn, which will sell Asure's services as part of its SaaS-based cloud brokerage services.
  
• Leading Brands (LBIX) announces that it has filed patent applications in both the United States and Canada for its WaterBox product
  
• Vuzix Corporation (VUZI) announced that its M100 Smart Glasses are being used in the HP (HP) solution, Visual Remote Guidance
  

8:42 am Gapping down (:SCANX) : Gapping down
In reaction to disappointing earnings/guidance: SOL -6.3%, DAKT -5.4%, QUNR -2.4%, ODFL -2.1%, (announces May 2015, LTL tons per day have increased 9.6% Y/Y; co revises expectations for Q2 LTL to +9.5-10% Y/Y)

Select Airline related names showing weakness: DAL -1.9%, UAL -1.7%, LUV -1.1%

Other news: HERO -8.1% (announced rate reductions for Hercules 261, Hercules 262 and Hercules 266 contracts), RGLS -6.6% (Kleanthis G. Xanthopoulos to step down as President and CEO; Paul Grint appointed President and CEO), TUBE -5.5% (filed for $75 mln offering of common stock), CG -3.8% (files for offering of common units representing limited partner interests; announces an offering of 7 mln common units), IBN -3% (Sensex down 2.5% overnight), AER -2.7% (announced launch of an underwritten secondary offering by AIG of 50 mln ordinary shares; co to repurchase $750 mln of the shares being sold by AIG), CERU -2.6% ( announces that full data from a Phase 1b/2 investigator-sponsored trial of CRLX101 in combination with Avastin (bevacizumab) in metastatic renal cell carcinoma, or RCC, was presented), BXMT -2.6% (announces pricing of its 10 mln offering of common stock), QTS -2.1% ( announces public offering of 5.5 mln shares of common stock), FGP -1.7% (co has commenced an underwritten public offering of 6.325 mln common units; also announced its operating subsidiary will offer $400 mln in aggregate principal amount of senior unsecured notes due 2023), IFN -1.5% (Sensex down 2.5% overnight), CEL -1% (announces controlling sharehoder announcement regarding co's possible rights offering)

Analyst comments: CTRP -4.1% (downgraded to Hold at Stifel), IRM -1.4% (downgraded to Underperform from Hold at Jefferies), INTC -0.9% (downgraded to Market Perform from Outperform at BMO Capital)

8:39 am Gapping up (:SCANX) : Gapping up
In reaction to strong earnings/guidance: CBRL +4.5%, HTGM +4.2%, (also HTG Molecular Diagnostics and MD Anderson Cancer Center enter into a sponsored research agreement to investigate new molecular diagnostics for lung cancer ), CONN +4.1%, PVH +3.5%, DG +3%, MDT +0.6%, AMWD +0.4%

M&A news: TA +10.8% (enters sale leaseback transactions wtih Hospitality Properties Trust (HPT); expects net proceeds of $352 million),JUNO +1.7% (acquisition of X-BODY, Inc for initial consideration of approx $21 mln in cash and 439,265 shares ofJuno stock)

Select EU financial related names showing strength: SAN +2.3%, CS +2.3%, ING +1.9%, DB +1.7%, NBG +1.5%

Select oil/gas related names showing strength: MPET +6.8%, STO +2.3%, TOT +1.9%, SDRL +1.7%, RIG +1.6%, WLL +0.8%

Other news: AVEO +10.5% (Cigna (CI) announces will now cover Biodesix' Veristat),DRNA +8.2% (presented preliminary safety and efficacy data from DCR-MYC Phase 1 study in patients with advanced solid tumors at ASCO: Evidence of clinical anti-tumor activity seen in two patients with advanced pancreatic neuroendocrine tumors),HTGC +7.2% (announced that Robert Lake has joined the Co as chief credit officer),YGE +5.8% (announces it has been chosen as a preferred supplier to Vivint Solar (VSLR)),PLUG +5.6% (announces an expansion contract with Walmart (WMT) Canada),YOKU +4.9% (partners with Disney (DIS) for its Marvel marketing platform in China),NQ +2.6% (still checking),TS +2.5% (issues restatement for 2014),CS +2.4% (still checking),PBR +1.6% (announced the pricing of its 100-year Global Notes denominated in USD),BBRY +1.3% (slightly rebounding following yday's decline)

Analyst comments: VICL +11.9% (initiated with a Buy at ROTH Capital; tgt $4.65),ZION +5.6% (upgraded to Buy from Neutral at Guggenheim; upgraded to Buy from Underperform at Credit Agricole),SN +2.3% (upgraded to Buy from Accumulate at KLR Group ),BIG +1.8% (upgraded to Overweight from Equal Weight at Barclays),ONTY +1.3% (postive comments at Mizuho),TTMI +1% (resumed with a Overweight at JP Morgan),WLL +0.7% (initiated with a Buy at Evercore ISI),BUD +0.5% (upgraded to Positive from Neutral at Susquehanna)

8:35 am European Markets Update: DAX -0.6%, FTSE -0.1%, CAC UNCH, IBEX +1.0% (:SUMRX) : Major European indices trade mostly lower with Germany's DAX (-0.6%) leading the retreat. All eyes remain on Greece after the country submitted another proposal to its creditors. Recall that leaders from France, Germany, and EU met last night to draft an agreement that would be presented to Greek representatives. At this time, it remains unclear which proposal will be deemed acceptable by both sides.

• Participants received several data points: 
• Eurozone May CPI +0.3% year-over-year (expected 0.2%; prior 0.0%) while core CPI +0.9% year-over-year (expected 0.7%; previous 0.6%). Separately, April PPI -0.1% month-over-month (consensus 0.1%; prior 0.2%); -2.2% year-over-year (expected -2.0%; previous -2.3%) 
• Germany's Unemployment Change -6,000 (consensus -10,000; prior -9,000) while the Unemployment Rate held at 6.4%, as expected 
• UK's May Construction PMI 55.9 (expected 55.0; prior 54.2) while April BoE Consumer Credit GBP1.173 billion (expected GBP1.00 billion; prior GBP1.294 billion) 
• Spain's Unemployment Change -118,000 (expected -115,500; prior -118,900) 

------

• Germany's DAX is lower by 0.6% with about 2/3 of the index in the red. Daimler is the weakest performer, down 2.0% while health care names also lag. Bayer, Fresenius SE, and Merck are down between 1.1% and 1.6%. Financials outperform with Commerzbank and Deutsche Bank trading higher by 2.3% and 1.3%, respectively. 
• UK's FTSE has given up 0.1% with miners and consumer names on the defensive. Glencore and Fresnillo are both down near 1.0% while British American Tobacco, Imperial Tobacco, J Sainsbury, and Tesco show losses between 0.9% and 2.4%. 
• In France, the CAC has returned to its flat line after showing earlier weakness. Financials have contributed to the rebound with BNP Paribas and Credit Agricole both up near 2.3%. Industrials remain weak with Peugeot, Michelin, Scheinder Electric, and Legrand down between 1.3% and 1.6%. 
• Spain's IBEX outperforms with a gain of 1.0% amid broad strength. Bank shares lead with Banco Sabadell, Santander, Banco Popular, Caixabank, and Bankia up between 1.5% and 2.3%.
  

8:34 am Jumei International acquires a minority stake in It'S SKIN, a Korean beauty brand; terms not disclosed (JMEI) :  

8:33 am Wi-LAN acquires Qimonda AG's patent portfolio from Infineon Technologies AG for $33 mln (WILN) : The portfolio, of over 7,000 patents and applications, includes technologies related to DRAMs, FLASH memories, semiconductor processes, semiconductor manufacturing, lithography, packaging, semiconductor circuitry and memory interfaces. The portfolio has broad relevance to many semiconductor products. The issued patents in the portfolio have an average remaining life of over 8 years.

8:32 am Fiat Chrysler US May sales +4% to 202.2K units (FCAU) : FCA US LLC today reported U.S. sales of 202,227 units (+4% YoY), and the group's best May sales since 2005.

• The Chrysler, Jeep and Ram Truck brands each posted year-over-year sales gains in May compared with the same month a year ago. 
• The Chrysler brand's 32 percent increase was the largest sales gain of any FCA US brand during the month. The group extended its streak of year-over-year sales gains to 62-consecutive months. 
• Seven FCA US vehicles set records in the month of May, including the Chrysler 200 which recorded its best monthly sales ever, up 537%. 
• Jeep brand sales increased 13 percent, the brand's best monthly sales ever and its 20th-consecutive month of year-over-year sales gains.
  

FCAU release

8:32 am Clean Diesel Technologies reports compelling vehicle test results for Spinel Technology; Tests on two car models show Spinel eliminating over 90% of PGMs on underfloor catalysts (CDTI) : The data demonstrated that a Spinel underfloor catalyst with 97% less platinum group metal (PGM) achieved emissions control performance equivalent to the OEM catalyst. The Spinel catalyst PGM loading was 2g/ft3 compared to 59g/ft3 for the OEM catalyst. The Spinel catalyst at 2g/ft3 also provided equivalent performance to the OEM catalyst at 22g/ft3 on a 2014 Toyota Camry with a 2.5 liter naturally-aspirated engine -- a PGM savings of 91%. For many passenger cars, these levels of PGM reduction could translate into double-digit dollar cost savings per vehicle, reinforcing Spinel's value proposition for OEMs.

8:32 am Global Partners: Capitol Petroleum Group announces the sale today of a large portion of its portfolio to GLP for $156 mln (GLP) :  

8:31 am AMAG Pharma announces the appointment of Julie Krop, M.D as Chief Medical Officer (AMAG) : Co also announces the hiring of Audrey Wu as vice president of commercial strategy and marketing for the company's maternal health business. Krop joins AMAG from Vertex Pharmaceuticals (VRTX), where she most recently served as vice president, clinical development

8:31 am Marathon Patent Group' subsidiary, E2E Processing, enters into settlement and license agreement with Nordstrom (JWN) (MARA) : Co announces that on May 19, 2015, its subsidiary E2E Processing entered into settlement and license agreement with Nordstrom (JWN). The consideration to be paid to E2E by Nordstrom, along with all other terms of the license agreement, is confidential.

• E2E had previously asserted infringement related to U.S. Patent 6,981,222, entitled "End-to-end transaction processing and statusing system and method". The E2E portfolio consists of four issued patents that disclose systems for achieving process improvements in the production and Enterprise Resource Planning space.
  

8:30 am Griffon announces Brian G. Harris has been named Senior Vice President and Chief Financial Officer, effective August 1, 2015 (GFF) : Co announced that Brian G. Harris has been named Senior Vice President and Chief Financial Officer, effective August 1, 2015. Mr. Harris has served as Vice President and Controller of Griffon since November 2012, and as Chief Accounting Officer since July 2009. Mr. Harris will succeed Douglas J. Wetmore, currently Executive Vice President and Chief Financial Officer, who will be retiring effective July 31, 2015.

8:26 am S&P futures vs fair value: -7.30. Nasdaq futures vs fair value: -13.30. (:WRAPX) : U.S. equity futures continue holding modest losses while European markets have been able to climb off their lows.

Yesterday, the Dollar Index (96.75, -0.64) spiked more than 1.0% following a set of better than expected data in the U.S. Today, however, the index has given up 0.7% with the euro adding 1.0% against the greenback (1.1035) amid optimism that Greece will be able to come to terms with its creditors. That being said, rumors about a deal being 'close' have been a near-daily occurrence.

U.S. Treasuries hover near their lows with the 10-yr yield higher by four basis points at 2.22% while Germany's 10-yr bund has also sold off, sending its yield higher by nine basis points to 0.64%.

8:26 am European Yields (BONDX) : Sovereigns Try for Second Leg Lower

• In the past 36 hours, the German 10-year Bund yield has spiked from 0.47% to as high as 0.67%. While that number is still below the high of 0.80% set on May 7th, Italian and Spanish 10-year yields have made fresh 6-month highs this morning, trading as high as 2.11% and 2.08%, respectively
• The economic data in the periphery has been improving relative to the European core, and were Italy, Spain, and Germany not in a currency union, the changing growth dynamic would justify Italian and Spanish yields making new highs while German Bund yields did not. As these countries are, however, bound into a monetary union (for now), improving prospects for economic growth and prices in the eurozone as a whole should be reducing the credit risk of European sovereign debt. If that is the case, then Bono/Bund and BTP/Bund spreads might be expected to come in rather than getting wider since May 7th. More to come on this
• The sellers of sovereign debt were encouraged by eurozone CPI data that came out higher than expected
• Headline CPI grew by 0.3% in May after remaining unchanged in April. Expectations were for 0.2%
• Core CPI grew 0.9%
• Yield Check:
• France, 10-yr OAT: +10 bps to 0.95%
• Germany, 10-yr Bund: +9 bps to 0.63%
• Greece, 10-yr note: -8 bps to 11.20%
• Italy, 10-yr BTP: +12 bps to 2.07%
• Portugal, 10-yr note: +10 bps to 2.82%
• Spain, 10-yr Bono: +12 bps to 2.03%
• U.K., 10-yr Gilt: +8 bps to 1.94%

8:26 am On the Wires (:WIRES) :

• Aduro Biotech (ADRO) announced that Liana Wu has joined the company as vice president, commercial.
  
• NXT-ID (NXTD) announces that its Wocket smart wallet store has officially opened sales of the company's product to the general public
  
• Proteon Therapeutics (PRTO) announced the addition of Scott Toner as Senior Vice President of Marketing.
• Intercontinental Exchange (ICE) announced that ICE Low Sulphur Gasoil futures reached record open interest of 723,246 contracts on June 1, 2015. The previous record of 721,784 contracts was set on February 23, 2011.
  
• Nordson ASYMTEK, a Nordson company (NDSN) announced the sale of two Spectrum II S2-922 in-line dispensing systems to GN ReSound, a large manufacturer of hearing healthcare solutions
  

8:25 am On the Wires (:WIRES) :

• NCR Corporation (NCR) announced that Dunkin' Donuts (DNKN) has opened its first site in Brazil using NCR restaurant technology and cloud solutions
  
• Kennedy Wilson (KW) announced that the company completed the acquisition of a majority interest in Vintage Housing Holdings. VHH owns certain interests in 30 multifamily properties totaling 5,485 units in the Western U.S. For its 61% equity ownership in VHH, Kennedy Wilson invested approximately $78 million, valuing the underlying portfolio at approximately $486 million
  
• Raytheon Company (RTN) announced that is has secured the competitively-awarded second increment of the Defense Threat Reduction Agency maritime border security contract for the Republic of the Philippines. Under the $25 million contract, Raytheon will deliver sensing, command and control, and communications systems along with the training and sustainment services necessary to operationalize maritime border security capabilities
  
• Zayo Group Holdings (ZAYO) announced plans to extend its long haul dark fiber network to a route between Atlanta and Washington, D.C.
  
• CoreSite Realty Corporation (COR) announced the development of its seventh silicon valley data center, SV7, on its Santa Clara campus.
  
• Cypress Semiconductor (CY) announced that its first and second generation USB Power Delivery controllers passed the USB Implementers Forum certification test procedure for USB Power Delivery E-Marker capabilities.
  
• American Realty Capital Properties (ARCP) announced the hiring of Lauren Goldberg as Executive Vice President, General Counsel and Secretary.
  

8:25 am Harmony Gold provides update on restructuring of its Doornkop mine (HMY) : The co advises that in line with its market update on the 8th of May 2015 to restructure its Doornkop mine, management is continuing its consultation process with organised labour and other relevant stakeholders to explore a possible restructuring of the mine. Given the current gold price environment and the significant capital investment required to sustain operations at this shaft, all indications are that Doornkop will continue to make a loss in the foreseeable future unless it is restructured. Doornkop incurred an operating loss after capital of R210 million during financial 2014 and a further loss of R98 million during the nine months ended 31 March 2015

8:22 am Corp. Exec. Board to offer $250 mln in aggregate principal amount of senior notes due 2023 (CEB) : The co is simultaneously pursuing an amendment to its existing term loan and revolving credit facilities that would, among other things, reduce pricing, increase the size of its revolving credit facility and extend the final maturity of each of the Existing Credit Facilities to 2020. CEB intends to use the net proceeds from the offering of the Notes, together with the proceeds of new term loans under the Amended Credit Facilities and cash on hand, to repay $504.5 million principal of term loans outstanding under the Existing Credit Facilities. Following consummation of the offering of the notes and use of proceeds therefrom, CEB expects to have approximately $500.3 million of indebtedness outstanding.

8:20 am Equity futures ticking lower in recent trade as CNBC/NBC reports multiple bomb threats against U.S. aircraft (SPY) :

• Airline stocks to keep eye on: AAL, DAL, UAL, JBLU, RJET, LUV, SKYW, SAVE, VA, HA. 
• U.S. global Jets ETF = JETS
  

8:17 am India ETFs and related equities likely to see weakness following 2.4% decline in Sensex on expected rate cut (INDA) : India's Sensex led the declines in Asia, with a 2.4% loss that followed an expected rate cut by the Reserve Bank of India.

It was a trend-down day for the Sensex, that began at the start of trading and continued after the Reserve Bank of India cut the repo rate 25 basis points as expected to 7.25%. That was the third cut this year in the repo rate. Leading the declines were the financial (-3.5%), consumer cyclical (-2.4%), and basic materials (-2.4%) sectors.

The iShares MSCI India fund (INDA) tracks the investment results of the MSCI India Index. Wisdomtree India Earnings (EPI) is another liquid India-focused ETF. 

Finally, India-related equities that could see weakness today include the following: ICICI Bank (IBN), Cognizant Technology Solutions Corporation (CTSH), Infosys (INFY), HDFC Bank (HDB), Wipro (WIT), WNS (WNS), Dr. Reddy's Laboratories (RDY), The India Fund, Inc. (IFN), India Globalization Capital, Inc. (IGC), Tata Motors (TTM), Rediff.com India (REDF), Sify Technologies (SIFY).

8:14 am On the Wires (:WIRES) :

• Essent Guaranty, a unit of Essent Group (ESNT) and MortgageFlex Systems,  announced that Essent MI is now available to lenders through MortgageFlex's LoanQuest mortgage loan origination system
  
• Perma-Fix Environmental Services (PESI) announced that Perma-Fix Medical SA, a Polish subsidiary of the company, completed a successful scale-up of its process to produce Technetium-99m from Molybdenum-99. The tests confirmed that the Company's proprietary resins could withstand high levels of radiation, up to 2 curies, while producing usable doses of Tc-99m
  
• Dermira (DERM) announced that clinical data from its DRM01 Phase 2a trial in acne will be presented at the 23rd World Congress of Dermatology, being held June 8-13, 2015, in Vancouver, Canada
  
• Celestica Inc. (CLS) announced the preliminary results of its "modified Dutch auction" to purchase for cancellation up to $350 million of its subordinate voting shares. Shareholders of Celestica had the opportunity to tender Shares at a price of their choice between $11.70 and $13.30 per share, and approximately 28,498,588 Shares were properly tendered to the offer
  
• Jacobs Engineering Group (JEC) announced it was awarded an engineering, procurement and construction management contract from Celanese Corporation for the construction of a vinyl acetate ethylene emulsions production plant at Jurong Island, Singapore. Under the terms of the contract, Jacobs is responsible for the detailed engineering and design of the project; plus procurement of major equipment and management of construction services.
  

8:11 am PPG Industries has acquired Consorcio Latinoamericano; terms not disclosed (PPG) : Consorcio Latinoamericano operates a network of 57 paint stores in Central America.

8:06 am Cracker Barrel beats by $0.12, reports revs in-line; guides Q4 EPS in-line (raises FY15 EPS); reaffirms FY15 rev guidance; increases quarterly dividend 10%; declares $3 special dividend (CBRL) :

• Reports Q3 (Apr) earnings of $1.49 per share, $0.12 better than the Capital IQ Consensus of $1.37; revenues rose 6.3% year/year to $683.7 mln vs the $680.04 mln consensus. 
• Comparable store restaurant sales increased 5.2%, including a 3.4% increase in average check. Average menu prices for the quarter were approximately 2.5% higher than in the prior year quarter. Comparable store retail sales increased 4.5% for the quarter.
• Co issues in-line guidance for Q4, sees EPS of $1.75-1.85 vs. $1.78 Capital IQ Consensus.
• Co issues guidance for FY15, raises EPS to $6.60-6.70 from $6.40-6.50 vs. $6.55 Capital IQ Consensus; reaffirms FY15 revs of $2.80-2.85 bln vs. $2.84 bln Capital IQ Consensus; projected increases in comparable store restaurant sales of between 4.5% and 5.0%, and comparable store retail sales of between 3.5% and 4.0%. 
• Board of Directors increased the quarterly dividend to $1.10 per share on the Company's common stock, which represents a 10% increase over the Company's previous quarterly dividend of $1.00. The Board of Directors also declared a special dividend of $3.00 per share on the Company's common stock. Both the quarterly dividend and the special dividend are payable on August 5, 2015, to shareholders of record on July 17, 2015. 
  

8:04 am Nektar Therapeutics and MD Anderson Cancer Center announce phase 1/2 clinical research collaboration for NKTR-214 (NKTR) : The agreement covers a Phase 1/2 study to evaluate NKTR-214 in a variety of tumor types as a monotherapy and in combination with other therapies, including PD-1 pathway inhibitors. Nektar and MD Anderson expect to initiate the first dose-escalation clinical study later this year. The two organizations will also conduct translational research to identify predictive biomarkers that can be used in the future development of NKTR-214.

8:04 am Neurocrine Biosci announces Eric Benevich has joined the company as Chief Commercial Officer (NBIX) : Benevich was most recently at Avanir Pharmaceuticals as Vice President of Marketing where he was responsible for NUEDEXTA and commercialization of their CNS pipeline.

8:04 am Blackstone Mortgage Trust announces pricing of its 10 mln offering of common stock, with expected gross proceeds of $296.5 mln (BXMT) : Co announced the pricing of an underwritten public offering of 10,000,000 shares of its class A common stock. The underwriters have been granted a 30-day option by the Company to purchase up to an additional 1,500,000 shares. Total estimated gross proceeds of the offering are $296.5 million or approximately $341.0 million if the underwriters exercise their option to purchase additional shares in full. The Company intends to use the net proceeds from the offering to originate and purchase additional commercial mortgage loans and other target assets and investments consistent with its investment strategies and investment guidelines, and for working capital and other general corporate purposes.

8:03 am Spectrum Brands announces intention to replace its existing term loan facility (SPB) : Co announces that it intends to replace all of its outstanding indebtedness under its existing term loans and asset based lending revolving credit facility with a new senior secured credit facility consisting of term loans in the amount of $1,450 mln, 300 mln and CAD$75 mln and a US$500 mln revolving credit facility. Co said it expects that the refinancing will allow it to consolidate the tranches, and extend the maturities, of its existing credit facilities and increase operating liquidity.

8:02 am PMC-Sierra announces appointment Edward Sharp as Chief Strategy and Technology Officer (PMCS) : Prior to joining PMC, Sharp was vice president of NetApp's (NTAP) Emerging Products Group.

8:02 am Capitala Finance announces the successful exit and reinvestment of portfolio company, Corporate Visions (CPTA) :

• Co announced a $7.1 mln realized gain from the full realization of its investment in Corporate Visions, a marketing and sales messaging, tools and training company.
• On May 29, 2015, Capitala sold its common equity investment in CVI for cash proceeds of $9.7 mln, generating a $7.1 mln realized gain. In addition, Capitala was repaid at par, $11.5 mln, in respect of its senior subordinated note.
• The co has re-invested $17.3 mln of its proceeds in CVI, consisting of $15.8 mln of senior subordinated debt and $1.5 mln of common equity.
  

8:01 am China Cord Blood Special Committee appoints Independent Financial Advisor (Cleary Gottlieb Steen & Hamilton) and Legal Counsel (Maples & Calder) to evaluate non-binding 'going private' proposal (CO) :

• As previously announced, the  board of directors formed the Special Committee to review and evaluate the April 27, 2015 non-binding proposal from Golden Meditech Holdings to acquire all of the outstanding ordinary shares of the Company not already directly or indirectly owned by Golden Meditech in a "going private" transaction.
• The Special Committee is considering Golden Meditech's proposal as well as the Company's other alternatives. The Special Committee has not set a definitive timetable to complete its evaluation of Golden Meditech's proposal or any other alternative and does not currently intend to announce developments unless and until an agreement has been reached. There can be no assurance that the Special Committee will recommend Golden Meditech's proposal, nor can there be any assurance as to when, if ever, or on what terms any alternative transaction will be consummated.
  

8:01 am Yingli Green Energy subsidiary Yingli Green Energy Americas, announces it has been chosen as a preferred supplier to Vivint Solar (VSLR) (YGE) :  

8:01 am OFS Capital announces that it has sold the majority of its lower-yielding senior club loan portfolio, for ~$67.3 mln to Madison Capital Funding (OFS) : The sale price is ~$0.6 million higher than the March 31, 2015 aggregate fair value of the loans sold. OFS Capital Corporation applied ~$52.4 million from the sales proceeds to pay in full and retire its senior secured revolving credit facility. OFS Capital Corporation expects to deploy the remaining cash proceeds to originate higher-yielding direct loans.

8:01 am Norsat announces ramp in orders for positive train control market; expects a significant increase in PTC revenue in 2015 compared to 2014 (NSAT) :

• Co announced that it has recently received orders in excess of $800,000 for its mobile, wayside and base station antennas for exclusive use in positive train control (PTC) applications.
• This latest order is a positive sign in the railroad sector as it brings total 2015 year to date commitments from customers to purchase ~$1.3 million worth of Norsat's ruggedized communication antennas, including base station, locomotive and waystation antennas, in the continuation of the rollout of the government-mandated PTC initiative.
• As previously disclosed, these new orders follow a lull in 2014 orders as the rail carriers and U.S. government worked through a series of regulatory and financial hurdles further implementing the PTC program.
  

8:01 am ManTech awarded task order to provide systems engineering solutions to the Department of Homeland Security's Science and Technology Directorate (MANT) : Co announces The U.S. Department of Homeland Security (DHS) has awarded it a task order under its Systems Engineering and Technical Assistance contract to provide systems engineering services. The task order has a 1-year base period of performance with two 1-year options and a contract ceiling of $29.2 million.

• Under the task order, MANT will provide systems engineering services; including development and assessments of program requirements; concepts of operations; and alternatives, cost-performance tradeoff, and life-cycle cost analyses. Co will also develop system engineering, risk management, configuration management, quality control, and integrated logistics support plans; provide technology insertion and process improvement assessments; and perform a variety of additional systems engineering services.
  

8:01 am Alaska Air reports May 2015 operational results; reported a 10.4% increase in traffic on a 12.0% increase in capacity compared to May 2014 (ALK) : Co reports May operational results; on a combined basis:

• Air Group reported a 10.4% increase in traffic on a 12.0% increase in capacity compared to May 2014. 
• Load factor decreased 1.2 points to 84.5%. 
• These statistics include flights operated by Alaska and those under capacity purchase agreements, including Horizon, SkyWest and PenAir.
  

8:01 am IHS names Jerre Stead CEO; reaffirms guidance (IHS) : Co announced that its board of directors has appointed Chairman Jerre Stead as Chief Executive Officer (CEO), effective immediately. This appointment follows the resignation of Scott Key as the company's President and CEO, and his resignation from the IHS board of directors. 

Co also reaffirms 2015 guidance: 

• Revenue in a range of $2.27 billion to $2.31 billion, Capital IQ consensus $2.28 bln
• including 5-6 percent subscription organic growth and negative non-subscription organic growth; 
• Adjusted EBITDA in a range of $715 million to $735 million;
• Adjusted EPS in a range of $5.77 to $5.97 per diluted share, Capital IQ consensus $5.85.
  

8:00 am Iao Kun Group announces unaudited Rolling Chip Turnover for the month of May 2015 at the co's VIP rooms in Macau was $0.68 bln, down 57% year-over-year (IKGH) : Co announces unaudited Rolling Chip Turnover for the month of May 2015 at the co's VIP rooms in Macau was $0.68 bln, down 57% year-over-year, compared to $1.59 bln for the month of May 2014. Win rate for the month of May 2015 was 1.86%.

8:00 am Partner Comms announces that it has filed a shelf prospectus with the Israeli Securities Authority and the Tel Aviv Stock Exchange; no size disclosed (PTNR) :  

7:58 am NXP Semi subsidiaries NXP B.V. and NXP Funding announce an offering of $500 mln in senior unsecured notes due 2020 and $500 mln in senior unsecured notes due 2022 (NXPI) : The Notes will be fully and unconditionally guaranteed, jointly and severally, on a senior basis by certain of NXP's wholly-owned subsidiaries located in the Netherlands and the United States.

• Co intends to use the net proceeds from the offering of the Notes, together with cash on hand and/or other available financing resources, to finance the cash portion of the merger consideration payable pursuant to the terms of the merger agreement entered into between NXP and Freescale Semiconductor, to refinance certain of Freescale's indebtedness that becomes due as a result of the Merger, to effect the repayment of any amounts drawn under Freescale's outstanding revolving credit facility and  to pay certain transaction costs.
  

7:56 am S&P futures vs fair value: -5.10. Nasdaq futures vs fair value: -7.30. (:WRAPX) : U.S. equity futures trade modestly lower amid cautious action overseas. The S&P 500 futures trade five points below fair value after climbing off their lows at the start of the European session.

Today's economic data will be limited to the 10:00 ET release of the Factory Orders report for April (Briefing.com consensus 0.0%).

Treasuries sit on their lows with the 10-yr yield higher by five basis points at 2.23%.

In U.S. corporate news of note:

• Conn's (CONN 36.35, +0.81): +2.3% after beating bottom-line estimates on below-consensus revenue. 
• Dollar General (DG 74.99, +2.18): +3.0% in reaction to its bottom-line beat. 
• Medtronic (MDT 78.00, +1.30): +1.7% after beating earnings estimates and guiding fiscal-year 2016 earnings on the low end of analyst expectations. 

Reviewing overnight developments:

• Asian markets ended mostly lower. Japan's Nikkei -0.1%, Hong Kong's Hang Seng -0.5%, and China's Shanghai Composite +1.7% 
  • In economic data: 
    • Japan's Monetary Base +35.6% year-over-year (expected 34.3%; prior 35.2%) 
    • Hong Kong's April Retail Sales -2.2% year-over-year (consensus 0.7%; previous -2.9%) 
    • Australia's Q1 Current Account AUD -10.7 bln (expected AUD -10.8 bln; prior AUD -10.2 bln) and Q1 Net Exports Contribution 0.5% (expected +0.1%; prior +0.7%)
    • South Korea's May CPI +0.3% month-over-month (expected +0.2%; prior +0.1%); +0.5% year-over-year (expected +0.5%; prior +0.4%). Separately, April Current Account KRW 8.14 bln (prior KRW 10.43 bln) 
  • In news: 
    • The Reserve Bank of Australia held its cash rate steady at 2.00% as expected 
    • The Reserve Bank of India cut its repurchase rate to 7.25% from 7.50% as expected. The central bank also cut its reverse repurchase rate to 6.25% from 6.50%, and left its Cash Reserve ratio unchanged at 4.00% 

• Major European indices trade mostly lower. Germany's DAX -0.5%, UK's FTSE -0.2%, and France's CAC +0.1%. Elsewhere, Italy's MIB +1.1% and Spain's IBEX +1.1% 
  
  • Participants received several data points: 
    
    • Eurozone May CPI +0.3% year-over-year (expected 0.2%; prior 0.0%) while core CPI +0.9% year-over-year (expected 0.7%; previous 0.6%). Separately, April PPI -0.1% month-over-month (consensus 0.1%; prior 0.2%); -2.2% year-over-year (expected -2.0%; previous -2.3%) 
    • Germany's Unemployment Change -6,000 (consensus -10,000; prior -9,000) while the Unemployment Rate held at 6.4%, as expected 
    • UK's May Construction PMI 55.9 (expected 55.0; prior 54.2) while April BoE Consumer Credit GBP1.173 billion (expected GBP1.00 billion; prior GBP1.294 billion) 
    • Spain's Unemployment Change -118,000 (expected -115,500; prior -118,900) 
  • Among news of note: 
    
    • All eyes remain on Greece after the country submitted another proposal to its creditors. Recall that leaders from France, Germany, and EU met last night to draft an agreement that would be presented to Greek representatives. At this time, it remains unclear which proposal will be deemed acceptable by both sides.

7:42 am Overnight Treasury Summary (BONDX) : Treasuries Fall in Sympathy with European Sovereigns

• The Treasury complex is set to open lower this morning after the 10-year German Bund yield rose 10 basis points overnight and Spanish and Italian 10-year yields breached the 2.00% level. The yield curve is steeper, but the 2-year yield continues to participate in the losses, its yield coming within a whisker of making a multi-month high
• Yield Check:
• 2-yr: +2 bps to 0.66%
• 5-yr: +4 bps to 1.59%
• 10-yr: +5 bps to 2.24%
• 30-yr: +5 bps to 2.98%

• International News:
• German unemployment fell by 6K workers in May, worse than expectations and the 9K worker decline in April
• The U.K.'s Construction PMI rose to 55.9 in May, ahead of expectations and the 54.2 reading from April
• Eurozone CPI grew a higher-than-expected 0.3% y/y in May. Prices were flat in April
• The Reserve Bank of Australia kept its main policy rate at 2.00%. The central bank is concerned about property prices, but the Australian economy still has spare capacity and the bank will therefore maintain an easing bias, according to observers
• The meeting last night between Greece's creditors was supposed to produce a sort of ultimatum plan to submit to Greece, but the meeting has ended only with an agreement that "intensive work" is needed on Greece
• The news reports regarding the meeting have kept equity markets volatile overnight
• EUR/USD: +1.12% to $1.1038

• Data out Today:
• April Factory Orders (10:00 ET)
• May Auto and Truck Sales (17:00 ET)

7:32 am CME Group announces May 2015 volume averaged 14.1 million contracts/day, up 8% Y/Y (CME) : Co announced that May 2015 volume averaged 14.1 million contracts per day, up 8% from May 2014.

• Total volume for May 2015 was more than 281 million contracts, of which 88% was traded electronically. 
• Options volume in May averaged 2.6 million contracts per day, up 13% versus May 2014, with electronic options growing 33% over the same period.
  

7:32 am AMC Entertainment announces $600.0 mln aggregate principal senior subordinated notes offering (AMC) : Co intends to use the net proceeds from this private offering to pay the consideration for the tender offer to purchase all of its outstanding $600.0 mln aggregate principal amount of 9.75% Senior Subordinated Notes due 2020, plus any accrued and unpaid interest and related transaction fees and expenses.

7:31 am Juno announces acquisition of X-BODY, Inc for initial consideration of approx $21 mln in cash and 439,265 shares of Juno stock (JUNO) : Co announced that it has acquired X-BODY, Inc., a privately held biotechnology company with nine employees based in Waltham, Massachusetts.

• The acquisition brings in-house to Juno a discovery platform that interrogates the human antibody repertoire, rapidly selecting fully human antibodies with desired characteristics. 
• The initial consideration for the X-BODY acquisition was approximately $21 million in cash and 439,265 shares of Juno stock. 
• Juno has also agreed to make success-based payments in cash to the sellers upon the achievement of certain research, clinical, and regulatory milestones for products that are generated using the X-BODY technology, as well as certain additional cash payments following commercialization.
  

7:31 am Tenet Healthcare announces it will sell $500 mln in senior secured notes in a private placement, in combination with an offering of $1.5 bln in senior unsecured notes (THC) : In addition, THC Escrow Corporation II, will offer to sell $1.9 billion in senior unsecured notes through a private placement.The secured notes will be guaranteed by certain of our subsidiaries and secured by a pledge of the capital stock and other ownership interests of certain of co's subsidiaries.

• The net proceeds of the Tenet secured notes will be used to repay the $400 million aggregate principal amount of term loans outstanding under our Interim Loan Agreement, dated March 23, 2015, and for general corporate purposes, which may include payment of a portion of the cash consideration in respect of the purchase of equity interests in the joint venture with United Surgical Partners International. 
• The gross proceeds of the THC unsecured notes will be used in part to pay the cash consideration in respect of the Purchase, to pay the cash consideration in respect of our previously announced acquisition of 100% of the issued A shares, B1 shares and B2 shares of European Surgical Partners Ltd,  for the refinancing of indebtedness of USPI, and to pay related transaction fees and expenses
  

7:31 am PNM Resources reaffirms 2015 EPS guidance of $1.50-1.62, Capital IQ consensus $1.56 (PNM) : Co management will meet with analysts and investors today at the RBC Capital Markets' Global Energy and Power Executive Conference in New York City. Management is expected to affirm the company's 2015 consolidated ongoing earnings guidance range of $1.50 to $1.62 per diluted share during the meetings.

7:30 am Markit announces it has agreed to acquire Information Mosaic, a leading software provider for corporate actions and post trade securities processing; terms not disclosed (MRKT) : The transaction is expected to close in 3Q15, subject to customary conditions, and is not expected to have a material impact on our financial results this year.

7:30 am PMFG Inc announces $4.3 mln in contracts for SCR equipment, combustion systems, and SNCR's for its petrochemical facilities in the U.S (PMFG) : Co announced that it has been awarded two contracts totaling $4.3 mln for SCR equipment, combustion systems, and SNCR's for petrochemical facilities in the U.S. 

• The Company expects to recognize revenue for this project over the balance of fiscal year 2015 and through the first half of fiscal year 2016.
  

7:30 am POZEN forms an Irish subsidiary and enters into an intangible property transfer arrangement (POZN) : Co has formed POZEN Limited, a wholly owned Irish subsidiary and has entered in an Intangible Property Transfer Arrangement between POZEN Inc. and POZEN Limited.

• The company has been evaluating its strategic options since recovering the U.S. commercial rights on YOSPRALA in November 2014 and recently announced hiring Adrian Adams as Chief Executive Officer and Andrew Koven as President and Chief Business Officer to lead the strategic effort. In anticipation of the approval and commercialization of YOSPRALA, the potential for significant global business and commercial activities and the expected financial benefits arising therefrom, the company is developing a plan to expand its geographic footprint and increase its foreign presence, including potential international sales, manufacturing and product development.
  

7:25 am On the Wires (:WIRES) :

• ViZn Energy Systems  announced that it has entered into a strategic relationship with Jabil Circuit (JBL)  to manufacture ViZn's redox flow batteries in Jabil's manufacturing facilities.
  
• Cipher Pharmaceuticals Inc. (CPHR) announced the appointments of Louise Blythe as Vice President, Regulatory Affairs and Brian Rosenberger as Vice President, Alliance and Strategic Portfolio Management. In addition, the Company announced the promotions of Joan Chypyha to President and General Manager, Canada and Joe Pecora to President and General Manager, USA. Co also announced that Vaniqa, which was recently licensed from Almirall S.A., has been launched on the Canadian market, achieving its first sale earlier this week.
  
• Thompson Creek Metals Company (TC) announced an update on mill operations and throughput at Mount Milligan Mine. Additional improvements are expected to be completed in the second half of this year, during the month of May, daily mill throughput averaged 50,686 tonnes, and tonnage per operating hour averaged 2,198, compared to 39,569 tonnes and 1,889 tonnes per hour, respectively, for the first quarter of 2015. Mill availability in May was approximately 96%, compared to 87% in the first quarter.
  
• Sigma-Aldrich Corporation (SIAL) announced it has entered into an agreement with XCell Science to launch genetically engineered human neural differentiated cells and accompanying culture media developed to advance the research of neurological diseases.
• Insys Therapeutics (INSY) announced it has submitted a New Drug Application to the U.S. FDA for its proprietary Dronabinol Oral Solution for anorexia associated with weight loss in patients with AIDS; and nausea and vomiting associated with cancer chemotherapy in patients who have failed to respond adequately to conventional antiemetic treatments.
  
• Trevena (TRVN) announced that the U.S. PTO has granted it a U.S. Patent that covers TRV734, compositions comprising TRV734, and methods of using TRV734, and is expected to provide patent coverage for TRV734 until at least 2032
  

7:24 am Medtronic beats raised EPS expectations, rev in-line with upside preannouncement; guides FY16 EPS towards low end of expectations (MDT) : Reports Q4 (Apr) earnings of $1.16 per share, excluding non-recurring items, $0.05 better than the Capital IQ Consensus of $1.11; adj. revenues rose 0.6% year/year to $7.3 bln.

• Co preannounced rev of ~$7.3 bln vs. $7.07 bln consensus with EPS at upper end of $1.08-1.13 vs. $1.03 consensus on May 19.

Co issues guidance for FY16, sees EPS of $4.30-4.40 vs. $4.40 Capital IQ Consensus; co expects full-year underlying operational revenue growth in the range of 4 to 6 percent, and in addition, the co expects an incremental 1.0 to 1.5 percent of full- year revenue growth due to the extra selling week in the first quarter of fiscal year 2016. These revenue growth rates are on a comparable, constant currency basis, and exclude an estimated $1.3 to $1.5 billion negative foreign currency impact based on current exchange rates.

7:13 am Dollar General beats by $0.03, reports revs in-line; reaffirms FY16 guidance (DG) :

• Reports Q1 (Apr) earnings of $0.84 per share, $0.03 better than the Capital IQ Consensus of $0.81; revenues rose 8.8% year/year to $4.92 bln vs the $4.94 bln consensus. 
• Same-store sales increased 3.7% vs. estimates near 4%, resulting from increases in both customer traffic and average transaction amount. 
• Same-store sales increases were balanced across both consumable and non-consumable categories. In consumables, higher volume of tobacco products, perishables, health care items, and candy and snacks drove the growth in same-store sales. Same-store sales growth within non-consumables was strongest in apparel with seasonal and home also posting solid gains. 
• Co reaffirms guidance for FY16, sees EPS of $3.85-3.95 vs. $3.94 Capital IQ Consensus Estimate; sees FY16 revs +8-9% to $20.4-20.6 bln vs. $20.52 bln Capital IQ Consensus; comps +3-3.5%.
  

7:08 am Carpenter Tech announces that its Board has appointed Tony Thene as President, CEO and member of the Board, effective July 1, 2015 (CRS) : Thene succeeds Gregory A. Pratt who will remain on the Board of Directors with additional responsibilities as interim Executive Chairman of the Board. Thene currently serves as Senior Vice President and Chief Financial Officer of the co, where he has served since January 31, 2013

7:05 am Asian Markets Close: Japan's Nikkei -0.1%; Hong Kong's Hang Seng -0.5%; China's Shanghai Composite +1.7% (:SUMRX) : Tuesday was not a good day for markets in the Asia-Pacific region. Just about every market finished lower with one notable exception: China's Shanghai Composite, which jumped another 1.7% on the heels of Monday's 4.7% gain. India's Sensex led the declines with a 2.4% loss that followed an expected decision by the Reserve Bank of India to cut its repo rate for the third time this year by 25 basis points to 7.25%. Japan's Nikkei, meanwhile, saw its 12-session win streak come to an end.

Economic data

• Japan
• Monetary Base +35.6% year-over-year (expected 34.3%; prior 35.2%)
• Australia
• Reserve Bank of Australia holds cash rate steady at 2.00% as expected
• Q1 Current Account AUD -10.7 bln (expected AUD -10.8 bln; prior AUD -10.2 bln)
• Q1 Net Exports Contribution 0.5% (expected +0.1%; prior +0.7%)
• South Korea
• May CPI +0.3% month-over-month (expected +0.2%; prior +0.1%); +0.5% year-over-year (expected +0.5%; prior +0.4%)
• April Current Account KRW 8.14 bln (prior KRW 10.43 bln)
• India
• Reserve Bank of India cuts repo rate to 7.25% from 7.50% as expected
• Cash Reserve ratio left unchanged at 4.00%
• Reverse repo rate cut to 6.25% from 6.50%

Equity Markets

• Japan's Nikkei declined 0.1%, bringing an end to its 12-session winning streak. The financial (-1.1%) and energy (-0.7%) sectors were the worst-performing areas. Mizuho Financial Group (-3.3%), Bridgestone Corp (-3.3%), and Taiyo Yuden Co (-3.1%) led declining issues while Chubu Electric Power (+4.5%), NTT Docomo (+3.9%), and JTEKT Corp (+3.8%) led the gainers. Out of the 225 index members, 87 ended higher, 134 finished lower, and 4 were unchanged.
• Hong Kong's Hang Seng declined 0.5% with weakness in the consumer cyclical (-1.1%) and financial (-0.8%) sectors weighing on matters. Li & Fung (-5.9%), China Mengniu Dairy (-2.4%), and China Resources Land (-2.0%) paced declining stocks. China Shenhua Energy (+2.1%) was the best-performing issue and only stock to gain more than 1.0%. Out of the 50 index members, 11 ended higher, 35 finished lower, and 4 were unchanged.
• China's Shanghai Composite increased 1.7% on the heels of Monday's 4.7% gain. Tuesday's gain came on the back of a last-hour rally in the market. Reportedly, the financial stability report from the People's Bank of China did not make note of stock prices being overvalued -- an omission that seemed to cheer stock market participants. Every sector in the Chinese market finished higher with gains ranging from 0.6% to 6.6%.
• India's Sensex declined 2.4% in a trend-down day that began at the start of trading and continued after the Reserve Bank of India cut the repo rate 25 basis points as expected to 7.25%. That was the third cut this year in the repo rate. Leading the declines were the financial (-3.5%), consumer cyclical (-2.4%), and basic materials (-2.4%) sectors. Axis Bank (-4.4%), State Bank of India (-4.3%), and ITC Ltd (-4.0%) were the biggest individual losers. Bharti Airtel (+0.4%) was the only stock to finish higher.
• Australia's S&P/ASX 200 declined 1.7% and finished near its lows for the session after the Reserve Bank of Australia held the cash rate steady at 2.00% as expected. The metals & mining (-2.2%), materials (-2.2%), and resources (-2.2%) sectors were the worst-performing areas.
• Regional advancers: None
• Regional decliners: Taiwan -0.1%, South Korea -1.1%, Singapore -1.5%, Malaysia -0.1%, Thailand -1.3%, Philippines -1.5%, Vietnam -0.8%
• Closed for holiday: Indonesia (Vesak Day)

FX

• USD/CNY -0.02% at 6.1982
• USD/INR +0.4% at 63.876
• USD/JPY -0.01% at 124.77
  

7:03 am ZIOPHARM announces that appointment of Caesar Belbel as Chief Operating Officer, effective immediately (ZIOP) : Belbel joined ZioPharm Oncology in September 2011 as Executive Vice President and Chief Legal Officer. Prior to joining ZIOPHARM, from 2003 to 2011, he was Executive Vice President and Chief Legal Officer of Clinical Data

7:03 am Rhino Resource Partners announces that it is temporarily idling a majority of its Central Appalachia coal operations, due to ongoing weakness in coal markets (RNO) : Co stated: ""We are taking difficult actions that are necessary due to the persistent weakness in the coal markets. Demand for Central Appalachia steam coal has fallen to unprecedented levels as utilities choose low-priced natural gas for electricity generation and other coal-fired capacity is shuttered due to governmental regulations. Met coal prices remain at depressed levels due to persistent worldwide oversupply and weak demand from China. Future market conditions will determine the duration that our Central Appalachia operations remain idle."

7:02 am Acadia Healthcare announces three acquisitions; narrows guidance to include them and recent offering (ACHC) : Co announces three acquisitions -- two in the United Kingdom and one in the United States - which include 17 inpatient behavioral health facilities with ~500 beds.

• Aggregate cash consideration for these facilities is ~$145 million, the operations of which produced total revenue of ~$82 million in 2014. 
• Acadia completed the two acquisitions in the U.K. on June 1, 2015, and expects to complete the Belmont purchase on July 1, 2015. 
• Acadia also updated its 2015 financial guidance to reflect these three acquisitions, as well as the Company's public offering of 5,175,000 shares of common stock completed May 11, 2015. 
• Acadia's guidance for 2015 adjusted earnings per diluted share is in a range of $2.12 to $2.15, compared with the previous range of $2.11 to $2.15 (consensus $2.14).

7:02 am Dipexium Pharmaceuticals receives EMA scientific advice on clinical and regulatory pathway for Locilex in EU; plans to file MAA, not expected to require any new clinical trials (DPRX) : Co announced that it has received advice from the European Medicines Agency's (EMA.TO) Committee for Medicinal Products for Human Use (CHMP) with regard to the clinical and regulatory aspects of Dipexium's planned submission of a Marketing Authorization Application (MAA) for Locilex for topical treatment of patients with diabetic foot infection (DFI) in European Union.

• Based upon the clinical and regulatory advice received, Dipexium plans to file an MAA under EMA's centralized process without the need to conduct European clinical trials.

7:02 am Actavis and Perrigo (PRGO) receive FDA approval of Guaifenesin/Pseudoephedrine (ACT) : Actavis received U.S. FDA approval for its Abbreviated New Drug Application (ANDA) for guaifenesin/pseudoephedrine tablets, and Perrigo (PRGO) will begin shipments in time for the cough/cold season to its retail and wholesale customers in the U.S. The product will be packaged and marketed under store and proprietary brands and will be a high quality, value alternative to Mucinex D tablets.

7:02 am Par Petroleum announces new supply and offtake agreement for its refinery (PARR) : Hawaii Independent Energy, its wholly-owned subsidiary, entered into a Supply and Offtake Agreement with J. Aron & Company, the commodity trading arm of Goldman Sachs (GS).

• The agreement provides for HIE to purchase from Aron mutually agreed crude oil cargos for use in its Hawaii refinery with a nameplate capacity of 94,000 barrels per day. Aron, in turn, will purchase the refined products HIE produces at market prices. HIE will repurchase the refined products from Aron and sell to its customers. The term of the agreement will run through May 2018 with two one-year extension options. The agreement also allows for deferral of payments to Aron of up to $125 million or 85% of certain receivables and company owned inventory. This arrangement with Aron is expected to result in ~$20 million in additional cash and liquidity under current market conditions. Added benefits include increased liquidity, reduction in HIE's crude acquisition costs, and increased flexibility to manage market price fluctuations.
  

7:02 am Ultragenyx Pharma announces positive 16-week interim data from its pediatric Phase 2 Study of KRN23, demonstrating a potential conditional approval pathway in Europe (RARE) : Co announced positive 16-week data from the ongoing pediatric Phase 2 study and provided a regulatory update for its recombinant human monoclonal antibody KRN23 against fibroblast growth factor 23  for the treatment of X-linked hypophosphatemia.

• After 16 weeks of dose-titration, all 36 patients had increases in serum phosphorus levels from baseline. In the monthly dosing group, mean serum phosphorus at peak increased by 1.03 mg/dL, from 2.27 mg/dL at baseline to 3.30 mg/dL, which is in the normal range (3.2--6.1 mg/dL). At the end of the 16-week titration period, 71% of patients receiving monthly dosing reached the normal serum phosphorus range with a mean dose of 0.84 mg/kg per treatment. Of the patients who had reached week 22, 9 out of 12 (75%) reached the normal range after further dose titration. 
• In the biweekly dosing group, mean serum phosphorus increased by 0.59 mg/dL, from 2.48 mg/dL at baseline to 3.07 mg/dL, and was stable throughout the dosing cycle. The proportion of patients reaching the normal serum phosphorus range was 50% at the end of 16 weeks with a mean dose of 0.48 mg/kg per treatment biweekly. Of the patients who had reached week 24, 7 out of 9 (78%) reached the normal range after further dose titration.
• No serious adverse events have been reported and there have been no discontinuations from the pediatric Phase 2 study for any reason. The most common adverse events considered to be treatment related were injection site reactions in 8 patients (22%), injection site erythema in 4 patients (11%), and injection site rash, injection site swelling, and limb pain in 3 patients (8% each). All of these treatment-related adverse events were considered mild in severity.
  
• Based on the positive 16-week results and the EMA feedback, Ultragenyx is expanding the pediatric Phase 2 study by up to 16 patients to generate additional safety and efficacy data
  

7:01 am Kratos Defense and Security announces the award of a 2 year, $4.5 mln contract in support of certain directed energy programs for a US Gov't customer (KTOS) :  

7:01 am JinkoSolar Holding to supply 80MW solar modules to China Southern Power Grid Synthesis Energy Co. (JKS) : Co announced that it has signed an agreement to supply 80 MW photovoltaic modules for distributed rooftop projects to China Southern Power Grid Synthesis Energy Co., Ltd. According to the terms of the agreement, JinkoSolar will supply 80MW solar modules to CSE for a number of distributed rooftop solar projects located in Guangdong and Hainan provinces. JinkoSolar has already delivered the first shipment of PV modules.

7:00 am Plug Power announces an expansion contract with Walmart (WMT) Canada, to provide 124 GenDrive fuel cells for its new High Velocity Distribution Center building in Alberta, Canada (PLUG) :  

6:58 am On the Wires (:WIRES) :

• Ipsen (IPSEY) confirmed its eligibility for the PEA-PME scheme, in accordance with the French decree of 4 March 2014. The Group complies with the thresholds set by the legislator for eligibility to the PEA-PME scheme, namely having less than 5 000 employees and total revenue below 1,500 million or total assets below 2,000 million. As a consequence, investment in company shares can be made through PEA-PME accounts.
  
• Synthetic Biologics (SYN) announced that Klaus Gottlieb, MD, FACG, has joined the Company as Vice President, Clinical & Regulatory Affairs, effective June 22, 2015
  

6:46 am Corvel Q4 EPS $0.27 vs. $0.39 last year; rev +2% to $122 mln (no estimates) (CRVL) :  

6:41 am American Woodmark beats by $0.12, misses on revs (AMWD) : Reports Q4 (Apr) earnings of $0.68 per share, excluding non-recurring items, $0.12 better than the Capital IQ Consensus of $0.56; revenues rose 9.5% year/year to $206.9 mln vs the $209.71 mln consensus. The Company experienced growth in both the remodeling and new construction channels during the fourth quarter of fiscal year 2015, with new construction growth exceeding 15%.

6:41 am Tata Motors reports May 2015 total commercial and passenger vehicle sales (including exports) increased 6% to 75,641 vehicles (TTM) : Tata Motors release

6:39 am Frontier Communications announces a $750 mln offering of common stock and $1.75 bln in mandatory convertible preferred stock (FTR) : Co intends to use the proceeds from the offerings to finance a portion of the cash consideration payable in connection with Frontier's previously announced acquisition of the wireline properties of Verizon Communications Inc. in California, Florida and Texas and to pay related fees and expenses. The acquisition is expected to close in the first half of 2016

6:29 am On the Wires (:WIRES) :

• Hughes Network Systems, a unit of Echostar Corporation (SATS) announced that IPSAT Sdn Bhd, headquartered in Petaling Jaya, Malaysia, has purchased a Hughes HX broadband satellite system comprising a hub and remote terminals. Implementation of the hub is underway in Malaysia and is expected to be completed in June 2015.
• Provectus Biopharmaceuticals (PVCT) announced that it has retained Allison+Partners as its new media relations consultant.
• Ericsson (ERIC) announced that it has signed a seven-year playout services contract with the BBC, The contract was awarded following a long and competitive tender process and includes playout and media management services for the BBC's portfolio of TV channels in the UK (BBC One, BBC Two, BBC Four, CBeebies and CBBC) and its interactive Red Button service. The contract also includes playout and media management for the BBC World News
• Vyper Adamas announced a teaming agreement with Spartan Chassis, a business unit of Spartan Motors, (SPAR) which calls for Spartan to produce high-quality, custom Vyper platforms for defense and commercial applications.
• Ford (F) announced that in response to customer demand for products, the company this year will produce close to 40,000 extra units by idling select plants for only one week during what has been the traditional two-week summer shutdown. As part of Ford's annual production schedule, its North American manufacturing facilities will shut down from June 29 to July 10, 2015 for building maintenance and machine retooling. The increased production was included in the financial guidance Ford confirmed in its first-quarter earnings report on April 28, 2015.

6:29 am Perrigo announces an agreement to acquire a portfolio of OTC brands from GlaxoSmithKline (GSK) Consumer Healthcare; accretion to 2015 EPS expected, financial details not disclosed (PRGO) : Perrigo will acquire the following assets in an all-cash transaction:

• GSK's NiQuitin nicotine replacement therapy business, primarily in the European Economic Area and Brazil, and Novartis's legacy Australian NRT business, including the Nicotinell brand
• Several assorted OTC brands including Coldrex (cold and flu treatment) across the EEA, and Panodil, Nezeril, and Nasin in Sweden
• Novartis's legacy cold sore management products primarily in the EEA, marketed under the brand names Vectavir, Pencivir, Fenivir, Fenlips and Vectatone.
  
• The acquisition is expected to be immediately accretive to Perrigo's calendar 2015 adjusted earnings per share, excluding estimated intangible amortization and transaction-related costs. The transaction has been unanimously approved by the Boards of Directors of Perrigo and GSK, and is expected to close in the third quarter of 2015
  
• Net sales of the acquired brands in 2014 were ~$110 million
  

6:14 am Conn's beats by $0.02, misses on revs (CONN) : Reports Q1 (Apr) earnings of $0.43 per share, $0.02 better than the Capital IQ Consensus of $0.41; revenues rose 8.9% year/year to $365.1 mln vs the $376.47 mln consensus.

• Co preannounced comps down 4.3%
  
• Furniture unit volume increased 12.4% offset by a 2.9% decrease in average selling price
• Mattress unit volume increased 17.3% and the average selling price was flat
• Home appliance unit volume increased 13.3%, offset by a 3.7% decrease in average selling price. 

Outlook
The following are expectations for the business for the second quarter of fiscal 2016:

• Percent of bad debt charge-offs (net of recoveries) to average outstanding balance between 11.5% and 12.0%; and 
  
• Interest income and fee yield between 16.5% and 17.0% (as a point of reference, generally for every 100 basis point change in the provision rate, yield is impacted by ~15 basis points). 
  

Co is reaffirming expectations for the business for fiscal year 2016:

• Change in same stores sales to range from flat to up low single digits
• Retail gross margin between 40% and 41%
• Opening of 15 to 18 new stores

6:05 am Novartis presents data at EULAR and WCD for secukinumab showing significant improvement in ankylosing spondylitis signs and symptoms (NVS) : Co announced today that important new data will be presented on secukinumab in ankylosing spondylitis at the forthcoming European League Against Rheumatism 2015 Annual Scientific Meeting, from 10-13 June in Rome, Italy. Additionally, new data on Cosentyx. 

• At the EULAR congress, data from the pivotal Phase III MEASURE 2 study will demonstrate that secukinumab improves the signs and symptoms of AS disease activity through one year of treatment, confirming previous one-year data from the MEASURE 1 study. AS is a long-term, painful and progressively debilitating inflammatory disease that leads to excessive formation of new bone, particularly in the joints of the spine, which can fuse together.
• Highlights of dermatology data at WCD include results of Cosentyx in difficult-to-treat and debilitating types of psoriasis of the palms and soles, and nails. Palmoplantar and nail psoriasis have a more severe impact on patients than psoriasis that is limited to other parts of the body.[5],[6] Results showing quality of life improvements in Xolair-treated patients with Chronic Spontaneous Urticaria, a condition characterized by persistent itching, swelling and rash, and which is known as Chronic Idiopathic Urticaria in the US and Canada, will also be presented at the congress. 

6:04 am GTX announces regaining compliance with the Nasdaq $1/share minimum trading price requirement (GTXI) :  

6:03 am Global Net Lease confirms a tender offer for up to ~11.9 mln common stock shares, at a price of $10.50/share (GNL) : Co intends to fund the tender offer with cash on hand and funds available under its existing unsecured revolving credit facility

6:01 am Alamos Gold announces a Turkish High Administrative Court overturns a previous lower court ruling, that cancelled Alamos' permits by the Ministry of the Environment and Urbanization (AGI) : The Environmental Impact Assessment certificate for the Kirazli gold project has now been reinstated.

6:01 am Lombard Medical announces that it has signed a three-year group purchasing agreement with Novation to offer its Aorfix Endovascular Stent Graft to Novation members and affiliates (EVAR) :  

5:51 am S&P futures vs fair value: -10.90. Nasdaq futures vs fair value: -28.40. :

5:50 am European Markets : FTSE...6889.74...-63.80...-0.90%.  DAX...11352.53...-83.50...-0.70%.

5:50 am Asian Markets : Nikkei...20543.19...-26.70...-0.10%.  Hang Seng...27466.72...-130.40...-0.50%.

5:19 am Amgen enters into a collaboration with Roche (RHHBY) on a Phase 1b study to evaluate the safety and efficacy of talimogene laherparepvec in combination with Roche's atezolizumab in patients with triple-negative breast cancer and colorectal cancer with liver metastases (AMGN) : The rationale for combining these two investigational agents is to activate an anti-tumor immune response with talimogene laherparepvec and to block inhibitory T cell checkpoints with atezolizumab, to potentially increase the anti-tumor activity relative to each agent alone.

5:19 am Qunar provides updates on recent events in-lieu of its earnings announcements; rejected take-over offer from Ctrip.com (CTRP); entered partnership with Baidu (BIDU) (QUNR) : Co provided an update on some recent events following its quarterly report

• On May 8, 2015, co received an unsolicited offer from Ctrip.com (CTRP) to acquire all of our outstanding shares. Co declined to pursue it in a letter response dated June 1, 2015. 
• On June 1, 2015, Baidu (BIDU) and co agreed to terminate the Zhixin cooperation agreement with immediate effect. 
• Co believesthe termination is in the best interests of the shareholders of both companies. Under this agreement, in consideration of the Zhixin page views Baidu delivered to us in 2014, Baidu was granted warrants exercisable for 11.45 million of our class B ordinary shares and Baidu fully exercised such warrants. There will be no additional warrants granted to Baidu under this agreement. 
• In connection with the termination of the Zhixin cooperation agreement, Baidu agreed to pay us a fee of RMB207 million. 
• On June 1, 2015, Co also entered into a business cooperation agreement with Baidu, under which Baidu has agreed to grant Qunar an exclusive right to integrate hotel information and products into the PC and mobile app versions of Baidu Maps. 
• Under this agreement, Qunar will display location-based hotel data through the Baidu Maps interface. This agreement will expire in May 2016 subject to the renewal negotiation between both parties.

5:15 am Genmab A/S has entered into an agreement for an exclusive license from Bristol-Myers Squibb (BMY) to a panel of human antibodies targeting CD19 together with associated intellectual property (GNMSF) : The CD19 protein expressed on certain hematologic cancer cells is seen as a promising target for the treatment of these cancers. Genmab will make a one-time $4 million licensing payment to Bristol-Myers Squibb (BMY) upon execution of the license. Other financial terms of the agreement were not disclosed. 

5:03 am On The Wires (:WIRES) :

• Qumu (QUMU) announced the Qumu Developer Portal. The portal contains a collection of resources for the Qumu developer community. 
• Akamai Technologies (AKAM) and Trustwave announced a new strategic alliance designed to help businesses more effectively fight a wide range of malicious online activities through vulnerability assessment, denial of service prevention and incident response. 
• Brite Semiconductor, an emerging ASIC design services firm headquartered in Shanghai, China, announced the collaborative development of a design platform roadmap with key industry partners, including Semiconductor Manufacturing International (SMI).
  
• Progress (PRGS) announced the release of two new drivers for its DataDirect enterprise data connectivity suite. The new drivers for MongoDB and SparkSQL add to an already robust portfolio of drivers to better enable integration and support of more than 200 of the most popular data sources.
  

4:55 am Medigus receives additional supply order from NASA for its micro ScoutCam (:MDGS) : Co announced that the National Aeronautics and Space Administration (:NASA) has awarded them with an additional supply order of Medigus' micro ScoutCam technology, consisting of specially designed miniature video cameras and advance video processing equipment, for use on NASA's Robotic Refueling Mission

• Pursuant to the order, Medigus will develop specially designed cameras, with a CMOS sensor, based on NASA's specifications. Medigus will supply NASA with the specially designed cameras for implementation on the next generation of the VIPIR.
  

4:27 am Cellcom Israel announces controlling sharehoder announcement regarding co's possible rights offering (CEL) : Following the co's announcement earlier regarding the Board's instruction to the Company to consider the possibility of a rights offering, Discount Investment Corporation, the Company's controlling shareholder, has announced that if such Rights Offering will be effected by the Company, DIC intends to exercise all subscription rights offered to it and purchase additional shares if possible, pursuant to the Rights Offering, for a total investment amount which will not exceed NIS 100 million.

3:49 am On The Wires (:WIRES) :

• Astellas Pharma (ALPMY) and Anokion SA announced an agreement to collaborate in the fields of type 1 diabetes and celiac disease. 
• STMicroelectronics (STM) announced that its Cardiff satellite SoC is powering the new Skyworth Digital HD set-top box. 
• Intel (INTC) announced products and solutions that will deliver new user experiences and support the computing ecosystem's expansion into new areas. 
• Cray (CRAY) announced the establishment of its European, Middle East and Africa headquarters at the Company's new office in Bristol, United Kingdom. 
• Ruckus Wireless (RKUS) announced that it is working with Smartac Group China Holdings to help build Ruckus Smart WiFi networks covering more than 300 passenger stations for three major railroad systems in China-Beijing, Guangzhou, and Lanzhou. 
• Super Micro Computer (SMCI) debuted its new MicroBlade system and 2U Ultra 4-Way SuperServer alongside the industry's widest range of server, storage and networking solutions this week at Computex in Taipei, Taiwan.
  

3:38 am Brookfield Property Partners acquires Center Parcs UK from Blackstone (BX) (BPY) : Blackstone (BX) and Brookfield Property Partners L.P. (BPY) announce that a Brookfield-managed fund has agreed to acquire Center Parcs UK for an undisclosed sum from funds managed by Blackstone's private equity and real estate businesses. The transaction is due to complete by the end of July.

2:47 am On The Wires (:WIRES) :

• Qualcomm (QCOM) announced that its subsidiary, Qualcomm Atheros, is launching the industry's first hybrid wireless range extender utilizing Qualcomm Atheros' leading HomePlug AV2 multi-input/multi-output Powerline and 802.11ac Wi-Fi technologies. 
• In response to customer demand for Ford's (F) newest products, the company this year will produce close to 40,000 extra units by idling select plants for only one week during what has been the traditional two-week summer shutdown. 
• Level 3 Communications (LVLT) and Optus Wholesale and Satellite announced that Level 3 is providing deep-edge caching services that will enable Optus to locally cache high-demand content on its network. 
• CGG (CGG) announced that it has completed in record time the fast-track results for a 1,748-square-kilometer BroadSeis 3D marine acquisition and depth imaging project for one of the world's largest international oil companies. 
• Sigma Designs (SIGM) announced the launch of a highly integrated, single chip low power G.hn CG5300 family of chipsets minimizing overall bill of material cost, form factor and design costs.

2:12 am Youku Tudou partners with Disney (DIS) for its Marvel marketing platform in China (YOKU) : Youku Tudou (YOKU) has partnered with Disney (DIS) to be the exclusive online movie marketing platform in China for its Marvel collection of movies and TV series. This cooperation will see the Disney's Marvel brand and Youku Tudou's position to drive online marketing through promotion of trailers, online ticketing, live events and original programming dedicated to silver screen movies.

1:33 am On The Wires (:WIRES) :

• Chevron (CVX) advised that the Big Foot tension-leg platform will be moved to sheltered waters from its location in the deepwater U.S. Gulf of Mexico following damage to subsea installation tendons. The tendons were pre-installed in preparation for connection to the Big Foot TLP. Between Friday, May 29 and Sunday, May 31, 2015, several tendons lost buoyancy.
• Calix (CALX) announced a trio of new products which will leverage standards-based G.fast technology to bring a gigabit experience to subscribers located in multi-dwelling unit, multi-tenant unit, and high-density single family unit dwellings. 
• HP (HPQ) announced that its currently shipping portfolio of Windows-based PCs are expected to be able to upgrade to Windows 10 when available on July 29, 2015. 
• LaunchPad Medical announced that it has entered into a definitive agreement to license Stryker's (SYK) bone adhesive technology.  LaunchPad has received an exclusive worldwide license from Stryker for this technology which is covered by four issued and three pending U.S. patents and includes data from multiple pre-clinical animal studies.
• Qualcomm Technologies, a subsidiary of Qualcomm (QCOM), and Allwinner Technology announced that they will be collaborating to further extend QTI's Snapdragon processors into the connected tablet segment which is experiencing strong growth.
  

1:02 am Air Lease amends and extends its $2.66 bln senior unsecured revolving credit facility (AL) : Co announced it amended and extended its four-year unsecured revolving credit facility with JPMorgan Chase Bank, as administrative agent and the lenders named therein whereby the Company extended the maturity date from May 5, 2018 to May 5, 2019 and increased the revolving commitments thereunder by an additional $350 million. The Syndicated Unsecured Revolving Credit Facility remains priced at LIBOR plus 125 basis points with a 25 basis point facility fee, subject to reductions based on improvements in the Company's credit ratings.

12:59 am Qunar commences public offering of 8,000,000 ADSs; further details unavailable (QUNR) :  

12:54 am TravelCenters of America enters sale leaseback transactions wtih Hospitality Properties Trust (HPT); expects net proceeds of $352 million (TA) : TravelCenters of America (TA) announced that it has entered agreements with Hospitality Properties Trust (HPT) for sale leaseback transactions for 30 travel centers totaling approximately $397 million. Under these agreements TA also will purchase from HPT five travel centers now leased by TA and subleased to TA franchisees for approximately $45 million. The net proceeds to be realized by TA of approximately $352 million (before transaction costs) are expected to produce gains on sales for financial reporting purposes of approximately $137 million.