NEW YORK (TheStreet) -- Drug company Pfizer (PFE) ended Monday's trading session up 0.8% to $20.54 after agreeing to sell its Capsugel business for $2.375 billion in cash to an affiliate of investment firm Kohlberg Kravis Roberts (KKR). KKR added 1.4% at $17.14.
>> Pfizer Selling Capsugel for $2.4B to KKR
BP (BP), the British oil company, rose 0.5% to $45.89, after saying Monday it agreed to sell its Arco Aluminum subsidiary to a consortium of Japanese companies for $680 million.
>> BP to Sell Arco Aluminum for $680 Million
Airline carrier Southwest (LUV) fell 1.7% to $12.46 after grounding about 80 planes for inspection and cancelling about 300 flights Saturday when a 15-year-old Boeing (BA) 737-300 was forced into an emergency landing at a military base in Yuma, Ariz., with a hole a few feet long in the roof of the passenger cabin, The Associated Press reported.
>> Southwest Grounds Planes After Mishap
Windstar Cruises parent Ambassadors International (AMIE) tanked 76.8% to 65 cents after filing for bankruptcy protection and announcing plans to sell all its assets to stakeholder Whippoorwill Associates.
Electronics manufacturing services supplier LaBarge (LB) surged 9.2% to $19.04 after aerospace and defense services company Ducommun (DCO) said Monday it would acquire LaBarge for about $340 million. Ducommun was popped 4.5% to $25.14.
Communications and Entertainment company Vivendi ( VIVEF ) rose 0.9% to $29.30 after agreeing to buy mobile company Vodafone's (VOD) 44% stake in French mobile operator SFR for €7.95 billion ($11.3 billion). Vodafone ended flat at $29.07.
The Securities and Exchange Commission is preparing to bring civil charges against Wachovia, a unit of financial services company Wells Fargo, (WFC) for allegedly overpricing mortgage-bond deals, The Wall Street Journal reported, citing people familiar with the matter. Wells Fargo fell 0.8% to $31.80.
>> SEC Targets Wachovia Over CDOs: Report >>Search for Highest Dividends by Rate or Yield
|More on Earnings Today's Top Earnings|
>To contact the writer of this article, click here: Andrea Tse. >To follow the writer on Twitter, go to Andrea Tse. >To submit a news tip, send an email to: firstname.lastname@example.org.
>> Stocks Set for Higher Open on Jobs Growth
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV