Magna International(MGA Quote) is still seen as the front-runner to buy the unit.
Meanwhile, automotive parts supplier Lear (LEA Quote) said it is preparing to file for bankruptcy protection and has lined up financing to fund its operations while under court protection. Stocks overseas were mostly lower. In Europe, London's FTSE 100 and the DAx in Frankfurt fell 2.3% and 3.4%, respectively. In Asia, the Nikkei in Japan and the Hang Seng in Hong Kong closed lower by 0.6% and 1.1%, respectively. The dollar was weaker against the yen, but stronger vs. the pound and euro, while gold lost $8.50 to $929.20 an ounce. Longer-dated Treasuries were rising. The 10-year was adding 10/32 to yield 3.5%, while the 30-year was up 4/32, yielding 4.32%.![]() |
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,328.89 | 1,102.47 | 2,211.69 | 35.46 |
Oil *
73.88
|
|
UP
20.63
|
UP
6.40
|
UP
31.64
|
UP
0.59
|
10 Yr
3.55%
SPDR Gold
108.95
|
|
+0.20%
|
+0.58%
|
+1.45%
|
+1.69%
|
Data delayed 20 minutes |















