Motorola Mobility Holdings, Inc. (MMI: News ) is jumping nearly 60 percent to $39.12 as it agreed to be purchased by Google Inc. (GOOG: News ) for $40.00 per share in cash, or a total of about $12.5 billion. Google will run Motorola Mobility as a separate business. Google is down 3 percent to $547.00.

Bank of America Corp. (BAC: News ) is gaining 3 percent to $7.42 amid the news that it agreed to sell its credit card business in Canada to TD Bank Group and that it will exit its credit card businesses in the U.K. and Ireland.

Ascent Solar Technologies, Inc. (ASTI: News ) is gaining 66 percent to $1.220 based on the news that it has signed a more than $275 million plus royalties long-term, multi-faceted, strategic partnership with TFG Radiant Group of China. TFG Radiant has purchased 6.4 million shares of Ascent stock at a price of $1.15 per share.

Ralcorp Holdings Inc. (RAH: News ) is up over 7 percent to $85.00 amid the news about rejecting a $94.00 per share revised cash offer from ConAgra Foods, Inc. (CAG).

China XD Plastics Company Ltd. (CXDC: News ) is gaining 35 percent to $4.50 based on the news that Morgan Stanley Private Equity Asia agreed to make a $100 million equity investment for a significant minority ownership stake in the company. The company also swung to a profit in its second quarter.

ZAGG Inc. (ZAGG: News ) is gaining 12 percent to $16.48 as it reported a sharp increase in its second quarter profit and revenues. The company raised its 2011 guidance for revenues to reflect an improved outlook for the sale of its products as a result of expanding distribution and increased product offerings, and the acquisition of iFrogz.

Time Warner Cable Inc. (TWC: News ) is gaining 0.72 percent to $65.98 based on the news that it agreed to buy Insight Communications Company, Inc. for $3 billion in cash. Insight is currently owned by The Carlyle Group, Crestview Partners, MidOcean Partners, members of Insight management and others.

Decliners:

Lowe's Companies Inc. (LOW: News ) is down nearly 5 percent to $18.60 as its profit declined from the previous year. Earnings per share and sales were below estimates. The company said performance for the quarter fell short of its expectations. The company lowered its fiscal year 2011 earnings per share forecast.

InterDigital, Inc. (IDCC: News ) is down over 21 percent to $59.55 in pre-market trading.

Caribou Coffee Company, Inc. (CBOU: News ) is falling 4 percent to $16.40 amid the news that a major shareholder, Caribou Holding Company Limited, an affiliate of Arcapita Bank B.S.C.(c), is offering for sale 5.15 million shares of company's common stock in an underwritten public offering.Read More