NEW YORK (TheStreet) -- AuRico Gold (AUQ) announced that it will acquire Northgate Minerals( NXG) for C$1.46 billion ($1.48 billion) to create a new intermediate gold producer.

Northgate Minerals shares were surging 48.3% to $4.67 in premarket trading Monday and AuRico shares were falling 0.9% to $13.80.

Bristol-Myers Squibb

(BMY) - Get Report

and

Pfizer's

(PFE) - Get Report

apixaban drug

showed promise

in preventing strokes in a clinical study, the companies said.

Separately, Pfizer's lung-tumor fighting drug, Crizotinib, has been approved by the Food and Drug Administration.

Pfizer shares were gaining 2.4% to $18.64 and Bristol shares were rising 1% to $29.

Wells Fargo

(WFC) - Get Report

,

JPMorgan

(JPM) - Get Report

and Lone Star Funds are the winners of the bids for a $9.5 billion pool of U.S. commercial real estate loans sold by

Anglo Irish Bank,

according to Reuters.

Wells Fargo shares were advancing 1.3% to $24.90 and JPMorgan shares were adding 1.4% to $36.70.

China Petroleum & Chemical Corp.

(SNP) - Get Report

reported a 12% rise in its net earnings for the first half of 2011. But the company, which is also known as Sinopec, reported a 12.2 billion renminbi operating

loss

in its refining business.

Looking ahead to the rest of the year, Sinopec said it expects international crude oil prices to fluctuate within a wider range. The company also said the rest of the year "is likely to be marked by turbulence in the international financial markets, bringing uncertainty to the global economic recovery."

Dresser-Rand Group

(DRC)

, an equipment services provider to the oil, gas and chemical industries, plans to repurchase up to $150 million of its common stock.

Insurers such as

Chubb

(CB) - Get Report

and

Allstate

(ALL) - Get Report

are expected to be in focus as investors assess the property damage in the East Coast from Hurricane Irene.

-- Written by Andrea Tse in New York.

>To contact the writer of this article, click here:

Andrea Tse

.

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