A Peek Into The Market Before The Trading Starts - Acacia Research (NASDAQ:ACTG)

Pre-open movers

US stock futures are higher this morning. Futures for the Dow Jones Industrial Average surged 42 points to 15,254.00 and S&P 500 index futures rose 4.70 points to 1,652.80. Nasdaq 100 futures gained 5.75 points to 3,004.00.

A Peek Into Global Markets

European markets were higher today. The STOXX Europe 600 Index rose 0.03%, London's FTSE 100 index gained 0.29%, French CAC 40 Index gained 0.36% and German DAX 30 index rose 0.13%. Asian markets ended higher, with Japan's Nikkei Stock Average jumping 0.67%, China's Shanghai Composite surging 1.38% and Australia's S&P/ASX 200 index rose 0.30%. Hong Kong's Hang Seng Index rose 0.17% and India's Sensex gained 0.19%.

Broker Recommendation

Analysts at Deutsche Bank downgraded TRW Automotive Holdings

TRW

from “buy” to “hold.” The target price for TRW Automotive Holdings is set to $67. TRW Automotive Holdings' shares closed at $61.50 yesterday.

Breaking news

Lentuo International LAS ("Lentuo" or the "Company") today announced that its Chief Financial Officer, Jianping Chen has been assigned to a leadership role in Lentuo's ongoing joint venture project with Itochu Corporation. To read the full news, click here.
Acacia Research Corporation ACTG announced today that its Brandywine Communications Technologies LLC subsidiary has entered into a license and settlement agreement with Mitel Network Corporation MITL. To read the full news, click here.
Tessera Technologies TSRA ("Tessera" or the "Company") today announced that with addition of the report from Egan-Jones Proxy Services (“Egan-Jones”), all of the leading proxy advisory firms including Institutional Shareholder Services Inc. (“ISS”), and Glass Lewis & Co., have recommended that dissident stockholder Starboard Value LP (“Starboard”) does not merit control of the Company's Board of Directors (the “Board”).To read the full news, click here.
Tesla Motors TSLA announced Friday in an SEC filing, it was offering 3,393,793 shares of common stock at a price of $92.24 per share. To read the full news, click here.

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