Lowe's Companies, Inc (LOW: Quote) 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: Quote) 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: Quote) 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: Quote) 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: Quote) 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.
Nokia Corp. (NOK: Quote) 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: Quote) 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: Quote) is down over 2 percent to $108.97.
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by RTT Staff Writer
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