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Shares of wireless provider Virgin Mobile USA(VM Quote) jumped after the company confirmed it is in deal talks with Korea's SK Telecom. Virgin's shares climbed $1.42, or 46.7%, to $4.46, before falling back to $3.62 in recent trading.
Video-game developer Electronic Arts(ERTS Quote) was off $1.63, or 3%, to $52.94 after the company forecast weaker-than-expected earnings Tuesday.
EA reported a net loss of $94 million, or 30 cents a share, in the quarter just ended vs. a loss of $25 million, or 8 cents a share, for the same quarter a year ago. For the current fiscal year, the company said earnings would range from $1.30 to $1.70 a share. Analysts were expecting $1.73 a share. ...
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