MetroPCS Communications Inc(NYSE: PCS) shares climbed 1.67% to $10.94 in the early hour. The company expects its shareholders to back a deal to merge with T-Mobile USA in a vote planned for February or March. T-Mobile USA, a unit of Deutsche Telekom, and MetroPCS said last month that they wanted to merge their companies, creating a stronger number four on the U.S. wireless market.
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Star Scientific, Inc.(NASDAQ: STSI) shares gained 3.41% to $1.82. Reynolds American Inc. disclosed in a filing with the Securities and Exchange Commission that it paid Star Scientific $5 million as part of a confidential settlement agreement. Star Scientific had filed two patent infringement actions against Reynolds American in 2001 and 2002 that were later consolidated. The company claimed that Reynolds infringed on certain claims of its tobacco-related patents during the 2001 and 2002 growing seasons. Star Scientific filed a follow-on lawsuit in 2009.
Additionally, the company said that its CEO and several shareholders are investing $20 million in the smokeless tobacco and dietary supplement company and its top executive also is reducing his salary until the firm is profitable.
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Lowe's Companies, Inc.(NYSE: LOW) shares gained 6.69% to $34.11 in the morning hour after the company reported third quarter adjusted EPS of $0.40, up from $0.36 in the previous year. The consensus estimate was for EPS of $0.35. The company expects to report full year EPS of about $1.64, compared to the consensus estimate of $1.66.
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3D Systems Corporation(NYSE: DDD) stock jumped 5.47% to $40.12. The company announced that it plans to hold a conference call and simultaneous webcast to discuss, fact-check and clarify several materially inaccurate statements and conclusions made in recently published articles related to various matters including its calculation of growth, accounting methods and acquisition activities on Monday, November 19, 2012, at 8:30 a.m. Eastern Time.
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Nokia Corporation (ADR)(NYSE: NOK) stock increased 4.77% to $2.91. The company is trying to found out its way to a successfully comeback in the smartphone market. Although the firm is expecting to obtains its tentacles into rivals’ phones through mapping applications, a move it hopes will facilitate it to improve its maps.
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