Groupon, Inc. (GRPN: Quote) is rising nearly 3 percent to $4.66 following its announcement that it has ousted its chief executive Andrew Mason, a move that came just a day after it reported another disappointing quarterly loss. The company has appointed Executive Chairman Eric Lefkofsky and Vice Chairman Ted Leonsis to the newly created Office of the chief executive to serve in that role on an interim basis.
Best Buy Co., Inc. (BBY: Quote) is up 6 percent to $17.39. The company's fourth quarter loss narrowed from the prior year period. Revenue for the quarter topped the consensus estimate. The company also announced that it received no offer from Schulze and the deadline to make an offer has expired yesterday.
Lime Energy Co. (LIME: Quote) is rising 5 percent to $0.7987. The company has sold certain assets of its unit, Lime Energy Service Co., constituting its energy service companies or ESCO subcontracting business to PowerSecure Inc. a subsidiary of PowerSecure International, Inc. (POWR) for about $1.9 million cash.
salesforce.com, inc (CRM: Quote) is up 4 percent to $176.01 following the release of its quarterly results.
Foster Wheeler AG (FWLT: Quote) is falling 11 percent to $21.34. The company's fourth quarter profit plunged from the previous year period and was below Wall Street view. Operating revenues slumped from the year-ago quarter and were sharply below the consensus estimate.
Apple Inc. (AAPL: Quote) is down nearly 1 percent to $437.80.
Trading in shares of BioMimetic Therapeutics Inc. (BMTI: Quote) was halted.
by RTT Staff Writer
For comments and feedback: firstname.lastname@example.org