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
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
said it is in constructive discussions with several bidders for its Nokia
Networks joint venture. The report came after the
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had withdrawn from their bidding plans for the joint venture.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.
, the world's No. 1 automaker, said Friday it expects profit for the year ending in March 2012
Shares were down 0.2% to $81.80.
Natural gas producer
was up 0.1% to $29.78 ahead of its annual shareholders' meeting Friday.
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.
is in talks
display advertising company
for about $400 million,
The New York Times
reported. Google shares were flat at $516.35.
agreed to sell its global wire business to Seoul, South Korea-based tire reinforcements company
for about $50 million.
-- Written by Andrea Tse in New York.
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