Shares of Novavax Inc (NASDAQ: NVAX) fell 5 percent in pre-market trade today, a day after the vaccine maker said it planned to raise capital by selling its common shares. The company said it agreed with Wm Smith & Co to sell $10 million in gross proceeds of its stock. Novavax shares have risen about 93 percent since the H1N1 swine flu was declared a pandemic. –Reuters

Corning Inc. (NYSE: GLW) said Wednesday that it has bought all shares of Axygen BioScience Inc. and its subsidiaries from American Capital Ltd. (NASDAQ: ACAS) for about $400 million in cash. -Marketwatch

Lehman Brothers has accused Barclays Capital of taking $8.2 billion more than it should have when it purchased key assets of the failed investment bank a year ago. Lehman made this claim in a court filing yesterday, a year after its bankruptcy filing. The court approved the sale of its U.S. banking business to Barclays less than a week after it filed. Now, Lehman wants a judge to force Barclays to give back some of the money it took as part of the deal, including $5 billion it said was given as additional collateral. -AOL Money & Finance

Wells Fargo & Co. (NYSE: WFC) Chief Executive Officer John Stumpf stated today that the firm’s modified mortgage loans are performing well early on. He also said that Wells Fargo, which acquired Wachovia last year, is the source of about one in every six U.S. mortgages, and that about 8% of those are currently delinquent. -Marketwatch

Warren Buffett, the billionaire investor who last year called the financial crisis an “economic Pearl Harbor,” said the U.S. economy has “hit a plateau at bottom.” “We have not bounced, but we’ve quit going down,” Buffett, the 79-year-old chief executive officer of Berkshire Hathaway Inc., said today in an interview on CNBC. Signs the worst recession since the 1930s is over have accumulated in the past two months. U.S. manufacturing expanding for the first time in 19 months in August and home sales have been on the rise. –Bloomberg

News that Citigroup Inc. (NYSE:C) is working on a plan to cut the government’s 34% stake isn’t sitting well with investors, the idea of a wave of 7.7 billion government-owned shares mixing into the supply of shares. Citigroup was down recently by more than 6%, or 30 cents. But what if Treasury actually did start to sell? After all, by some calculation the government is in the money on its Citigroup shares to the tune of a bit less than $10 billion. So, there’s does seem to be reason to sell. The question is would anyone step up to buy? –The Wall Street Journal

-Jutia Group