GO
Loading...

Early movers: BBRY, ONYX, NRG, JPM & more

Check out which companies are making headlines before the bell on Friday:

BlackBerry - The troubled smartphone maker is looking to the possibility of going private, according to Reuters, citing several sources familiar with the matter. The company's CEO Thorsten Heins and the board is increasingly coming around to the idea that taking BlackBerry private would give breathing room to fix problems out of the public eye, sources said.

Onyx Pharmaceuticals - The pharmaceutical company said its process of seeking a buyer for the company is "ongoing" with multiple parties engaged. Separately, the company reported a narrower-than-expected loss as revenue more than doubled on sales of cancer drugs.


NRG Energy - The energy company posted earnings of 39 cents on sales of $2.93 billion, topping expectations for 23 cents a share on revenue of $2.29 billion.

JPMorgan - The Department of Justice has ramped up a probe into Bear Stearns mortgage dealings in the run-up to the financial crisis, adding to JPMorgan's legal woes, according to Reuters, citing sources.

Facebook - UBS increased its price target on the social-networking giant to $45 from $36 with a "buy" rating, saying the company's second-quarter operating momentum has continued into the third quarter.

3M - Jefferies raised its target price on the diversified manufacturer to $140 from $128 with a "buy" rating.

Gap - Canaccord Genuity lifted its price target on the clothing retailer to $45 from $41 with a "hold" rating.

—By CNBC's JeeYeon Park (Follow JeeYeon on Twitter: @JeeYeonParkCNBC)

Questions? Comments? Email us at marketinsider@cnbc.com

  • Patti Domm

    Patti Domm is CNBC Executive Editor, News, responsible for news coverage of the markets and economy.

  • A CNBC reporter since 1990, Bob Pisani covers Wall Street from the floor of the New York Stock Exchange.

  • CNBC Personal Finance Correspondent

  • JeeYeon Park is a writer for CNBC.com. Follow her on Twitter: @JeeYeonParkCNBC

  • Rick Santelli joined CNBC Business News as an on-air editor in 1999, reporting live from the floor of the Chicago Board of Trade.

  • Senior Producer at CNBC's Breaking News Desk.