Stocks to Watch: Knight Capital, Apple, Amazon (Update 1)
11/26/12 - 07:54 AM EST
NEW YORK -- Knight Capital Group (KCG)
could sell its market-making business -- the company's biggest and most profitable business -- but also the unit that suffered a trading glitch in August that cost the company losses of more than $460 million in the third quarter, a report said.
The securities firm has been approached by at least two rivals about its market-making operation, according to The Wall Street Journal
. Knight expects to receive proposals this week from high-speed trading firms Getco
and Virtu Financial
, people briefed on the discussions told the newspaper.
Knight Capital shares rose 6.4% in premarket trading Monday to $2.65.
asked a federal court to add six more products to its patent infringement lawsuit against South Korea's Samsung
. The products include the Galaxy Note II, Galaxy S III with Android 4.1, Galaxy S III mini, Samsung Rugby Pro, Galaxy Tab 8.9 Wi-Fi and Galaxy Tab 2 10.1.
Apple shares fell 0.2% to $571.40 in premarket trading.
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Online retailers such as Amazon (AMZN)
and eBay (EBAY)
, and more traditional retailers such as Wal-Mart (WMT)
and Target (TGT)
, could see activity on Cyber Monday, when shoppers take to the Web to make their holiday purchases.
ComScore estimated that Cyber Monday sales could exceed $1.5 billion.
Amazon shares were down 0.4% to $239; eBay shares rose 0.4% to $49.20.
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Flowers Foods (FLO)
is considered a likely bidder of some of the assets of Hostess
, the maker of Twinkies that was granted permission from the courts last week to wind down its operations.
Flowers is the second-largest baker in the U.S.
Baxter International (BAX)
is in talks to buy Swedish medical-equipment maker Gambro
for roughly $4 billion, the Journal
reported, citing people familiar with the matter, in a move that would boost Baxter's kidney-dialysis business.
Other stocks rising in premarket trading Monday included Tower Semiconductor (TSEM)
, up 4.1% to $8.64, and James River Coal (JRCC)
, up 5.2% to $2.62.
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-- Written by Joseph Woelfel
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