BUZZ-U.S. STOCKS ON THE MOVE-GE, Extreme Networks, Excel Trust, Quantum

(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter, http://link.reuters.com/mex49s; for the Morning News Call newsletter, http://link.reuters.com/nex49s) U.S. stocks were poised to edge up at the open on Friday as investors lauded GE's decision to divest the bulk of its high-risk GE Capital business. Dow Jones industrial average e-mini futures were up 0.15 percent at 17,913, S&P 500 futures were up 0.11 percent at 2,088 and Nasdaq 100 futures were down 0.03 percent at 4,397.75.

** GENERAL ELECTRIC CO, Thursday close $25.73, +7.35 pct premarket

The company said it would sell nearly all of its real estate portfolio to investors including Blackstone Group and Wells Fargo (Hanover: NWT.HA - news) & Co for $26.5 billion, in the biggest commercial real estate deal since 2007.

** ASTRAZENECA (NYSE: AZN - news) , Thursday close $70.16, -1.94 pct premarket

The company said its diabetes drug Onglyza appears to be associated with an increased rate of death. A clinical study known as SAVOR found in 2013 that Onglyza might be linked to heart failure, where the heart fails to pump blood adequately.

** QUANTUM CORP, Thursday close $1.49, +20.81 pct premarket

The data storage company estimated fourth-quarter profit and revenue above analysts' expectations and said its results for the March-ended quarter, helped by strong branded revenue, which rose to more than $120 million from $102 million a year earlier.

** GALENA BIOPHARMA INC (NasdaqCM: GALE - news) , Thursday close $1.4, -7.14 pct premarket

The drugmaker said the FDA issued a warning on its Portland, Oregon facility, citing deficiencies in the company's response to earlier inspections on post-marketing adverse drug experiences. The FDA's observations included manufacturing practices for Abstral and Zuplenz, the company's only approved products.

** EXCEL TRUST INC, Thursday close $13.84, +14.31 pct premarket

** BLACKSTONE GROUP LP, Thursday close $39.2,+3.32 pct premarket

Real estate investment trust Excel said it would be bought by Blackstone Property Partners LP, part of Blackstone (NYSE: BX - news) , for about $2 billion in cash.

** EXTREME NETWORKS INC (NasdaqGS: EXTR - news) , Thursday close $3.24, -26.54 pct premarket

Needham & Co cut its rating on the network equipment maker to "hold" from "buy" due to a "loss of confidence" in management's ability to execute and lack of momentum in revenue and cost stories.

** HORIZON PHARMA PLC (NasdaqGS: HZNP - news) , Thursday close $27.32, +3.40 pct premarket

The Ireland-based drugmaker said its experimental neuromuscular disorder drug got fast track designation from the U.S. FDA. The drug, Actimmune, is being developed to treat Friedreich's ataxia, a degenerative disorder.

** MEDICINES CO, Thursday close $27.82, -7.01 pct premarket

Several brokerages cut price targets on the drugmaker's stock after company forecasts lower-then-expected first-quarter net revenue, hurt by lower sales of its anticoagulant injection, Angioma.

CEO Clive Meanwell attributed the revenue shortfall to customers buying less Angiomax amid generic timing uncertainty.

** NETFLIX INC (Xetra: 552484 - news) , Thursday close $439.5, +2.84 pct premarket

Citigroup (NYSE: C - news) upgraded the streaming video service provider to "buy" from "neutral" and raised its price target to $525 from $409. Analysts said Netflix's line-up is stronger in 2015.

** CITRIX SYSTEMS INC (NasdaqGS: CTXS - news) , Thursday close $64.655, -5.93 pct premarket

The cloud-computing software maker estimated that it earned lower revenue and adjusted profit in first quarter than it had forecast. The company said it underestimated the impact of restructuring activities, included job cuts, and of foreign exchange.

At least four brokerages cut price targets on the stock. Piper Jaffray cut to $54, the lowest, and Mizuho Securities by $5, the steepest.

** PACIFIC GAS & ELECTRIC CORP, Thursday close $52.78, -0.11 pct premarket

The company must pay a record $1.6 billion in penalties stemming from a natural gas pipeline explosion in 2010 that killed eight people near San Francisco, California's chief utility regulator ordered on Thursday.

** AMAZON.COM INC, Thursday close $383.54, +0.20 pct premarket

The company has won approval from U.S. federal regulators to test a delivery drone outdoors, less than a month after the e-commerce powerhouse blasted regulators for being slow to approve commercial drone testing.

** EBAY INC (Xetra: 916529 - news) , Thursday close $57.01, +0.25 pct premarket

PayPal, eBay's electronic payments division, said the two firms had agreed that eBay would not reduce the volume of transactions it channels through PayPal, while continuing to get better rates for its merchants for five years after the two split.

** FIRST HORIZON NATIONAL CORP, Thursday close $14.29

First Tennessee Bank, the regional bank for First Horizon National, said it would pay $212.5 million to settle claims of mortgage lending violations related to the business the company sold in 2008. (Compiled by Neha Dimri in Bengaluru; Editing by Simon Jennings)