BUZZ-U.S. STOCKS ON THE MOVE-NephroGenex, Tekmira, Resolute Energy
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U.S. stock indexes rose slightly on Wednesday, putting major indexes on track to end 2014 near record levels, though energy shares once again fell alongside crude oil prices. The Dow Jones industrial average was up 0.18 percent at 18,014.78, the S&P 500 was up 0.10 percent at 2,082.43 and the Nasdaq Composite was up 0.37 percent at 4,795.129.
** NEPHROGENEX INC, $15.8776, +241.45 pct
The kidney disease drug developer's lead drug was found to be safe in patients with diabetic nephropathy in a cardiac safety study.
** MEADOWBROOK INSURANCE GROUP INC, $8.48, +18.93 pct
Chinese conglomerate Fosun International Ltd is making its first foray into the U.S. insurance market and buying the property and casualty insurer, a deal that it said would help it secure funds for further acquisitions.