|
In the agreement, about $590 million of loans
would be refinanced for the company to re-stock ahead of the
holiday season, Bloomberg reported. RadioShack last month said
it may need to file for bankruptcy protection if its cash
situation worsens.
The stock advanced nearly 60 percent to $1.57, putting it on
track for its biggest one-day advance in a history that goes
back to 1980. It has lost about 62 percent this year.
U.S. shares of Tekmira Pharmaceuticals Corp were also
higher before the bell, up 7 percent to $27.25 a day after it
said it had achieved a $1.5 million development milestone. In
addition, Maxim raised its price target on the stock to $31 from
$23.
The stock is up 17 percent this week, moving in heavy volume
after the first diagnosis of a patient with Ebola in the United
States. The company has an Ebola treatment in its pipeline.
Futures snapshot at 0741 EDT:
* S&P 500 e-minis were up 9.25 points, or 0.48 percent, with
125,587 contracts changing hands.
* Nasdaq 100 e-minis were gaining 16.75 points, or 0.42 percent,
in volume of 18,913 contracts.
* Dow e-minis were up 70 points, or 0.42 percent, with 18,223
contracts changing hands.
(Editing by Bernadette Baum)
[© 2014 Thomson Reuters. All rights
reserved.] Copyright 2014 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
 |
|
