NEW YORK (TheStreet) -- Shares of Best Buy (BBY) - Get Report were jumping 7.4% to $30.96 in premarket trading Tuesday after the consumer electronics retailer reported first-quarter profit of 35 cents a share vs. the average analyst estimate of 33 cents a share.
Shares of infectious diseases treatment developer
were plunging 8.8% to $11.03 following a report that Congress plans to investigate the company's recent receipt of a
worth up to $2.8 billion.
Struggling mobile phone maker
said Tuesday it settled patent litigation with iPhone maker
, including the withdrawal by both companies of their complaints to the International Trade Commission. Nokia shares were popping 3.9% to $6.35, while Apple shares were up 0.7% to $329.
Financial and economic information services provider
FactSet Research Systems
reported third-quarter earnings of 92 cents a share, in line with estimates. Shares were falling 2.2% to $102.
Internet search leader
has reportedly applied for a license to continue operating its mapping services in China. Google shares were up 0.8% to $508.99.
Computer and printer maker
has named longtime executive Ann Livermore to its board, and said the heads of three of its customer-facing units would now
CEO Leo Apotheker. Shares were up 0.4% to $34.80.
expects its fiscal year 2012 profit to fall more than 63%.
Medical devices company
expects to earn 10 cents to 11 cents a share in the fourth quarter vs. the average analyst estimate of 14 cents a share.
Car and truck rental company
Avis Budget Group
said it will buy Avis Europe for about $1 billion.
-- Written by Andrea Tse in New York.
>To contact the writer of this article, click here:
>To follow the writer on Twitter, go to
>To submit a news tip, send an email to:
Copyright 2011 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.