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NEW YORK - Shares of Calpine Corp. rose in premarket trading Thursday after rival NRG Energy Inc. offered $11.3 billion in common stock to buy the merchant power producer.
Calpine shares surged as much as $2.17 to $23.45-a 10.2 percent spike above Wednesday's closing price of $21.28. NRG shares lost 2.8 percent to $41.29 in the early going.
Myriad Genetics Inc. said Thursday it will receive at least $100 million after striking a partnership to develop and market its Alzheimer's drug candidate Flurizan in Europe, sending the stock up 6.4 percent to $49 in premarket action.
Shares of United Airlines Inc. parent UAL Corp. rose 3.1 percent to $7.48. Wednesday, the stock plummeted 29 percent as oil rocketed past $133 a barrel and continued its climb to $135 Thursday, and after two analysts cut their earnings outlooks for the industry.
Network storage company NetApp Inc. lost 10.4 percent to $23.12 as investors reacted to a disappointing fiscal first-quarter outlook late Wednesday that fell short of Wall Street's expectations.
Investor Julian Roberts believes the poor economy could last as long as 10 to 15 years, according to CNBC.
Joey Chestnut set a new fast-eating record when he ate 45 pizza slices in 10 min...
Oil prices rebounded from a 13-month low to rise above $81 a barrel Monday in As...
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