Oxford, MS 3/31/2011 (Penny PayDay) -- Shares of conglomerate holding company Berkshire Hathaway were falling 2.2% to $83.62 in premarket trading Thursday following the surprise resignation of David Sokol, one of Warren Buffett's top lieutenants.Biotech company Dendreon was popping 4.1% to $37 after the U.S. Centers for Medicare and Medicaid Services said it was leaning toward backing coverage of the company's Provenge treatment for prostate cancer.
Drybulk cargo transporter DryShips was rising 2.4% to $5.05 after reporting an increase in fourth-quarter earnings. Adjusted earnings were 24 cents a share, 2 cents below expectations.
The Federal Reserve Bank of New York has declined insurer American International Group's $15.7 billion offer to buy a subprime mortgage portfolio the government purchased from the insurer in the early days of the financial crisis. AIG was falling 1.3% to $35.60.
Software giant Microsoft was rising 0.4% to $25.70 after filing a complaint with European antitrust authorities about internet search giant Google's dominance in that region . Google was rising 0.4% to $584.33.
Used-car retailer CarMax was rising 0.2% to $34.65 after reporting fourth-quarter earnings of 39 cents a share, beating estimates by a penny.
Consumer giant Johnson & Johnson was up 0.2% to $59.50 after saying it would be overhauling its McNeil division in the wake of the company's massive over-the-counter drug recalls.
Chocolate maker Hershey said late Wednesday it will raise wholesale prices on most of its products sold in the U.S.
Automaker Nissan has refuted news reports saying that the company's leadership is eyeing a joint holding company for the Renault-Nissan alliance.
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