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MARKET CURRENTS

9:46 AM UniPixel (UNXL +5.3%) jumps out of the gate after announcing it has finished building out a 7.5K-square foot Texas office and web lab facility that will support its UniBoss touch sensor manufacturing ramp. The company adds its employee count is up to 32, and that a motion for summary judgment in its breach of contract dispute with CIT is currently pending. Shares have been mostly treading water in June after crashing in May. Comment! [Tech, On the Move]
9:44 AM Mexico is on the brink of ending a near 80-year monopoly in its oil and gas industry, as the government proposes opening up to profit-sharing deals and JVs to allow the exploration of increasingly difficult reserves. Pemex is known for inefficiency, corruption and large losses, but as a national symbol for many Mexicans, any moves are likely to involve liberalizing, not privatizing. Comment! [Energy, Global & FX]
9:44 AM Paris Air Show: United Tech (UTX) unit Pratt & Whitney wins order for 200 engines from International Lease Finance to power Embraer's E-Jets E2 planes, for 100 engines from Norwegian Air Shuttle for Airbus A320 aircraft, and for 60 engines from Air Lease Corp for A320/A321 jets. P&W now has over 4,500 orders and commitments. Comment!
9:43 AM RLJ Entertainment (RLJE +0.5%) adopts a 10b5-1 plan which will allow CEO Robert Johnson to purchase up to $2M worth of stock over the next two years. Comment!
9:36 AM At the open: Dow -0.02% to 15134. S&P -0.02% to 1651. Nasdaq -0.05% to 3480.
Treasurys: 30-year +0.18%. 10-yr +0.05%. 5-yr +0.05%.
Commodities: Crude +0.08% to $98.77. Gold +0.31% to $1372.35. Comment!
9:36 AM American Eagle Outfitters (AEO -0.9%) looks out of style to Citigroup which takes the company down to a Neutral rating from its previous perch of Buy. The retailer has trailed peers for the year with its comparable-store sales growth and its share price has trudged along accordingly. Comment! [Consumer]
9:35 AM Jefferies' Biren Amin hikes the price target on Celldex Therapeutics (CLD +0.7%) to $19 from $15 citing potential royalties from rindopepimut and CDX-011. Comment! [Healthcare, On the Move]
9:32 AM LinkedIn (LNKD) could be the latest social networking platform to receive tight iOS integration: code found in the first iOS 7 beta release suggest Apple is testing a single sign-on system for LinkedIn, similar to what it already provides for Facebook and Twitter. 9to5 Mac points out Apple began testing Facebook integration with versions of iOS 4, but the feature didn't arrive until iOS 6. Comment! [Tech]
9:30 AM Pluristem Therapeutics (PSTI +2.15%) suspends trials in Germany for its placenta-based cell treatment for artery disease after the FDA halted Phase II testing in the U.S. earlier this month following "a serious allergic reaction" in one patient. To expedite the FDA's review, process, Pluristem has sent the agency information that it thinks might be relevant. (PR) Comment! [Healthcare]
9:28 AM Revlon (REV) says CFO Steven Barnes has resigned effective today, but stresses the action has nothing to do with any accounting or financial issue. The company's current Chief Accounting Officer will take over the exec's duties on an interim basis. (SEC 8-K) Comment! [Consumer]