NEW YORK (TheStreet) -- United Technologies (UTX), the provider of technology products and services to the building systems and aerospace industries, reportedly is exploring a takeover bid for Goodrich (GR), the maker of landing gear, wheels, brakes, engine control systems and other products for airplanes.
Goodrich shares were surging 19.5% to $111 in premarket trading Monday.
Tyco International (TYC) said it would separate into three publicly traded companies -- security business ADT North America, flow control products and services, and a commercial fire and security business.
Shares were gaining 7.8% to $47.10.
Netflix (NFLX) said it would rebrand its DVD-by-mail service as "Qwikster," as it separates the business from its movie streaming business. Shares were tumbling 2.4% to $151.45.
General Motors (GM) has reached agreement with the United Auto Workers union on a new four-year labor contract covering the Detroit carmaker's 48,500 U.S. workers. Shares were down 1.9% to $22.19.
UBS (UBS) has launched an internal probe into the disastrous failure of its risk systems after rogue equity trades cost the Swiss bank $2.3 billion, Reuters reported. Shares were falling 1.7% to $11.68.
Homebuilder Lennar (LEN) said fiscal third-quarter profit declined 31% as home deliveries fell 3%. Lennar earned $20.7 million, or 11 cents a share, in the third quarter, down from year-earlier earnings of $30 million, or 16 cents. The EPS figure met analysts' expectations. Shares were rising 1.5% to $14.
Agnico-Eagle Mines (AEM) agreed to buy junior natural resource company Grayd for C$2.80 a share, or about C$275 million ($281 million). Agnico shares were rising 0.8% to $69.
Utility company Westar Energy (WR) increased its full-year adjusted earnings outlook to a range of $1.88 to $2.03 a share, above expectations, from $1.65 to $1.80 a share. Shares were up 0.3% to $26.32.
Micron Technology (MU), the maker of semiconductor devices, has been raised to neutral from sell at Goldman Sachs. Shares were inching up 0.1% to $7.04.
Boeing (BA) suspended plans to make its first delivery of the 747-8 freighter to Cargolux amid unresolved issues with the airline. -- Written by Andrea Tse in New York.
>To contact the writer of this article, click here: Andrea Tse.
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