HSBC, Europe's biggest bank, said pretax profits in 2010 more than doubled to $19.04 billion from $7.04 billion a year earlier, but the figure came in below analysts' estimates. Shares of HSBC were down 4.3% to $54.80 in premarket trading Monday.Ventas agreed to acquire Nationwide Health Properties in a stock-for-stock deal valued at $7.4 billion. There were no premarket trades for either of the real estate investment trusts. Ventas closed at $57.19, up 1.9%, on Friday, while Nationwide rose 2.4% to $38.96.
A fund of financial company JPMorgan is in discussions to buy a significant stake in Twitter, the rapidly-growing social networking site. Premarket quotes weren't available for shares of JPMorgan. The stock finished Friday's trading session at $46.68, up 1.7%.
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