Thai Stanley turned the corner in the 2nd quarter as profit rose 13% QoQ and sales rose 20% QoQ. Gross margin expanded to 25% from 21% in the first quarter and they received new orders for 3 car models and 4-5 motorcycles.

Nortel Networks had its best quarter in over 3 years, sending shares up 12% Tuesday.

Net income totaled $27 million, or 5 cents per share, versus a prior-year loss of $63 million, or 14 cents per share.

American Financial Realty Trust jumped Monday, after Gramercy Capital Corp. said it will buy the company for $3.4 billion in cash and stock.

Gramercy, a commercial real estate specialty finance company, will acquire American Financial for $5.50 per share in cash and 0.12096 shares of its stock.