The markets opened higher with the Dow rising 57 points to 11,190 after finance ministers from the world's 20 largest economies agreed to avoid currency devaluations. Nasdaq gained 13 points to 2492.
On the upside
Carlyle Group may take CommScope (NYSE: CTV) private in a deal valued at approximately $2.98 billion.
Seeking Alpha contributor Jeremy Richards wrote in Sunday that Zalicus (Nasdaq: ZLCS) was undervalued and be double the price.
Office Depot (NYSE: ODP) chairman and chief executive Steve Odland resigned after the company settled charges of violating fair disclosure regulations with the Securities and Exchange Commission.
On the downside
RadioShack (NYSE: RSH) reported higher third quarter earnings that topped analyst estimates due to strong smartphone sales but the stock price fell over concerns about the retailer's weakening electronics business .
Shares of RAIT Financial Trust (NYSE: RAS) continued falling after reporting third quarter earnings that missed analyst expectations by a wide margin on Friday.
Investors locked in profits on Wilmington Trust (NYSE: WL), whose shares rallied on Friday on take-over rumors.
In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 1 on the NYSE and by more than 7 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 9 points to 712.
