Market News

February 5, 2013  Tue 7:30 AM CT

Discussions Confirmed by Virgin

Virgin Media is in potential takeover talks with John Malone's Liberty Global, in a move that would challenge New Corp.'s dominance in Europe. While nothing is finalized yet, VMED is up 20 percent before the bell on my tradeMONSTER platform.

Baidu Falls on Weak Outlook

Baidu's earnings and revenue beat expectations by small margins, but it's now growing at the slowest pace since 2009. Its first-quarter outlook implies revenue of about $960.65 million, while analysts were modeling $967 million. BIDU falls 7 percent in the premarket.

Zynga Receives Two-Notch Upgrade

Zynga was upgraded to "buy" from "underperform" by Bank of America/Merrill Lynch, which cited valuation and potential stabilization in the online gaming company's mobile business. ZNGA, which reports earnings after the bell tonight, rose 5 percent in early trading.
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