Green Mountain Coffee Roasters was surging 28.2% to $55.94 after Starbucks said Thursday it will sell single-cup Starbucks coffee and Tazo tea for use in GMCR's Keurig brewing system. Starbucks was rising 6.5% to $36.80 in premarket trading Thursday.Meat processing company Smithfield Foods was popping 8.8% to $24.75 after reporting third-quarter earnings of 84 cents a share, surpassing expectations.
Human Genome Sciences was rising 7.9% to $27.70 and GlaxoSmithKline was up 1.1% to $38.99 after they said they will charge about $35,000 a year for their newly approved lupus drug Benlysta, a price slightly higher than investors were anticipating.
Spanish banks Banco Santander and Banco Bilbao Vizcaya Argentaria SA were falling 2.9% after Moody's downgraded Spain's government bond rating by one notch, to Aa2 from Aa1, with a negative outlook.
Santa Clara, Calif.-based National Semiconductor is expected to report third-quarter earnings of 24 cents a share after the markets close Thursday.
Sandpoint, Idaho-based women's apparel retailer Coldwater Creek posted a much wider quarterly loss than Wall Street was anticipating as same-store sales fell more than 20% from year-ago levels.
Radio broadcasting company Cumulus Media said it will buy all of outstanding common stock and warrants of radio broadcaster Citadel Broadcasting for $37 a share or about $2.4 billion.
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