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Pre-market Movers For Feb 27 (LOW, EP, MOS, TBET, NOK, NFLX, BP, MSI)

Gainers:

Lowe's Companies, Inc (LOW) is rising 2 percent to $27.70. The company's fourth quarter profit improved 13 percent from the year-ago quarter. Sales for the quarter increased 11.0 percent and were above Wall Street view. Comparable store sales improved 3.4 percent.

El Paso Corp. (EP) is up 0.52 percent to $27.30. The company's fourth quarter profit jumped from the year-ago period and its adjusted earnings per share rose 40 percent.

Mosaic Co. (MOS) is gaining 0.55 percent to $59.00 based on the news that its board has approved an annual dividend program of $0.50 per share, which is up 150 percent, from the current level of $0.20 per share.
BP plc (BP) is rising 2 percent to $48.09. On Sunday, BP said the U.S. District Court has adjourned the start of Gulf spill trial litigation trial by one week. Meanwhile, there were reports that BP and the plaintiffs are discussing a $14 billion settlement deal.

Tibet Pharmaceuticals, Inc. (TBET) is jumping 157 percent to $1.850. The company announced its intent to accept a "going private" proposal by its chief executive officer and chairman Hong Yu and cease its public company status. Hong Yu plans to make an offer to purchase TBET stocks not owned by him for $3.00 per share in cash.

Decliners:

Nokia Corp. (NOK) is falling 6 percent to $5.42. The company released a new range of products and services at the Mobile World Congress in Barcelona, Spain. The company said its new strategy involves the adoption of Windows Phone as primary smartphone platform, major changes to its feature phones, and additional emphasis on location-based services with the launch of its Location & Commerce business.

Motorola Solutions, Inc. (MSI) is falling 4 percent to $47.31. The company has entered into a stock purchase agreement with Carl Icahn as well as certain of his affiliates and has purchased 23.74 million shares of its common stock at $49.15 per share for an aggregate value of $1.17 billion. The company's purchase was made pursuant to an existing authorization under its $3 billion stock repurchase program.

Netflix, Inc. (NFLX) is down over 2 percent to $108.97.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Ford Motor Co. has announced a safety recall for about 680,000 vehicles, mainly in North America, to fix faulty seat belts that may not hold people in the event of a crash. The recall, primarily for mid-size sedans, includes about 650,000 Ford Fusion vehicles manufactured between 2013 and 2016 and Lincoln MKZ produced between 2013 and 2015. Apple Inc. has confirmed its interest in autonomous vehicle technology, saying it is excited about the potential of automated systems in many areas, including transportation. In a letter to the National Highway Traffic Safety Administration, Steve Kenner, Apple's director of product integrity, said that the tech giant looks forward to collaborating with the regulator and other stakeholders. Japanese electronics maker Panasonic Corp. is in talks to buy Austrian headlight manufacturer ZKW Group GmbH, Nikkei business daily reported Monday, citing a person familiar with the matter. As per the report, both companies could reach a basic agreement as early as this month for a deal that could be worth up to $1 billion.
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