Morning Market Losers (QXM, VLYWW, RT, IRDMZ)

Qiao Xing Mobile Communication Co Ltd

fell 18.92% to $3.60 at 9:55 am. QXM reported that meeting of its shareholders for considering the offer by Qiao Xing Universal Resources Inc

was adjourned for lack of quorum. Valley National Bancorp

shares dipped 13.67% to $2.59. VLYWW had $389.79 million in total cash and $3.31 billion in total debt for the recent quarter. Ruby Tuesday Inc

shares lost 12.49% to $11.70. RT reported weaker-than-expected Q3 results. Iridium Communications Inc

dropped 9.09% to $1.30. IRDMZ's trailing-twelve-month ROE is 3.54%. Read more