BUZZ-U.S. Stocks on the Move-RadioShack, Tekmira, Salix, Iamgold

Fri Oct 3, 2014 8:00am EDT
 
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(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for more market insights, including options activity, ; for the Day Ahead newsletter, link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) U.S. stock index futures were higher on Friday as investors looked ahead to a jobs report that was expected to sharply rebound from the previous month, though indexes were on track for a second straight weekly decline. Dow Jones industrial average futures were up 0.50 percent at 16,807, S&P 500 futures were up 0.55 percent at 1,949.25 and Nasdaq 100 futures were up 0.49 percent at 3,997.5.

** RADIOSHACK CORP, Thursday close $0.99, +42.42 pct premarket

The company reached an agreement with a consortium led by its largest shareholder, Standard General LP, to refinance about $590 million of loans, according to Bloomberg.

Last week, Standard General said it was in talks to improve RadioShack's cash position ahead of the crucial holiday shopping season

** TEKMIRA PHARMACEUTICALS CORP, Thursday close $25.47, +4.99 pct premarket

The company said it had achieved a $1.5 million development milestone. Maxim raised its price target on the stock to $31 from $23.

  Continued...