Equity futures are pointing higher this morning with the Dow Jones Industrial Average looking to open 43 points higher while the broader S&P500 index is looking to open over 5 points higher. Moving fast in the pre-market session are shares of Motorola Mobility Holdings (NYSE:MMI) up over 59% on news that Google will buy the company for $12.5 billion; Zagg Inc. (NASDAQ:ZAGG) up over 11% after the company reported quarterly results; Nokia (NYSE:NOK) up over 10%; Ralcorp Holdings (NYSE:RAH) up over 7% after the company rejected a revised bid from ConAgra Foods (NYSE:CAG) ; Research in Motion (NASDAQ:RIMM) up 7%; Bank of America (NYSE:BAC) up 3% after the company said that it plans to exit Canada, Europe credit card business; Huntington Bancshares (NASDAQ:HBAN) up over 2%; and shares of BHP Billiton (NYSE:BNP) up over 2%. Shares of Google (NASDAQ:GOOG) are down over 2%; Lowe’s Cos (NYSE:LOW) down over 4% after the company reported quarterly results and issued weaker-than-expected guidance; and shares of InterDigital (NASDAQ:IDCC) down 21%. Stay tuned for additional breaking information on these and other top stories from FNNO.
From FNNO.com, this is the Financial News Network. I’m Cleo
Stiller-Farrell and this is your Midweek Market Wrap Up. The British
Bankers’ Association, which has the supervisory role of setting the
influential Libor rates, announced that it would be willing to give up
its...