NEW YORK (TheStreet) -- Live Nation Entertainment(LYV) - Get Report was surging 9.7% to $11.30 in premarket trading Friday amid reports that it and its largest shareholder Liberty Media (LINTA) were talking about taking private the music concerts producer private.

Athletic apparel company

Lululemon Athletica

(LULU) - Get Report

reported first-quarter earnings of 46 cents a share, including 2 cents a share to reflect tax credits, vs. the average analyst estimate of 38 cents a share. Shares were up 5.4% to $90.80.

Mobile phone company


(NOK) - Get Report

said it is in constructive discussions with several bidders for its Nokia



Networks joint venture. The report came after the

Financial Times

reported that private-equity firms

Kohlberg Kravis Roberts



had withdrawn from their bidding plans for the joint venture.

Shares of Nokia were trading sideways at $6.29. Siemens shares were down 1.1% to $131.26.


(TM) - Get Report

, the world's No. 1 automaker, said Friday it expects profit for the year ending in March 2012

to fall 31%.

Shares were down 0.2% to $81.80.

Natural gas producer

Chesapeake Energy

(CHK) - Get Report

was up 0.1% to $29.78 ahead of its annual shareholders' meeting Friday.

National Semiconductor


shares were trading sideways at $24.57 after the company reported fourth-quarter earnings of 26 cents a share vs. the average analyst estimate of 27 cents a share.

Search giant


(GOOG) - Get Report

is in talks

to buy

display advertising company


for about $400 million,

The New York Times

reported. Google shares were flat at $516.35.


(GT) - Get Report

agreed to sell its global wire business to Seoul, South Korea-based tire reinforcements company


for about $50 million.

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-- Written by Andrea Tse in New York.

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