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Continental Airlines, Inc. (NYSE: CAL) abandoned talks to merge with United Airlines Sunday. News came as a shock to United who has been searching for a merger partner. United and US Airways may pursue a deal while Continental will press ahead with a merger agreement with American Airlines and British Airways. Shares were down 1.5% at $16.96 in the final minutes today.

Ford Motor Company (NYSE: F) rose significantly on news that Kirk Kerkorian's investment vehicle, Tracinda Corp., is to purchase 100 million of Ford's shares, reaching a 5.6% ownership in the company. Shares rose 9% to $9.20 in the final minutes today.

RadioShack Corporation (NYSE: RSH) was down after first quarter margins narrowed due to decreased sales of Sprint-Nextel contracts and increased promotions, missing analyst estimates. They posted a net income of $38.8 million or $0.30 EPS, an 8.7% drop from first quarter last year. Shares were down some 13.5% at $15.13 in the final minutes today.

Sohu.com Inc. (NASDAQ: SOHU) soared after first quarter results showed a 156% increase from a year ago and 30% from last quarter. The Chinese online media company posed revenues of $84.4 million, widely beating estimates and guidance. Shares were up almost 15% at $70.94 in the final minutes.

William Wrigley Jr. Co. (NYSE: WWY) is to be chewed up by candy bar maker Mars bar for $80.00 per share in a merger, for a $23 billion transaction. Financing and investment from Warren Buffet's Berkshire Hathaway and Goldman Sachs will aid the deal. Shares rose 23% to $77.00 at the end of the day. Hershey Co. (NYSE: HSY) and Tootsie Roll (NYSE: TR) both went up 4.5% to $36.30 and 6.3% to $24.74 respectively after the announcement.

Jon Ogg produces and edits the Special Situation Investing Newsletter for 247WallSt.com.