Norway's Statoil (STO) agreed Monday to buy Brigham Exploration (BEXP) for $36.50 a share in cash. The total equity value of the deal about $4.4 billion; the enterprise value is about $4.7 billion. Brigham shares were soaring 19.7% to $36.33.
Anadarko Petroleum (APC - Get Report) agreed to pay BP (BP - Get Report) $4 billion to settle all claims from the Gulf of Mexico oil spill in April 2010. Anadarko shares were adding 4.9% to $74 and BP shares were gaining 3.3% to $41.20.
Wells Fargo (WFC - Get Report) reported third-quarter profit of 72 cents a share, missing the Wall Street consensus target of 73 cents. Shares were tumbling 3.1% to $25.85.
Citigroup (C - Get Report) reported third-quarter profit of $1.23 a share, beating the average analyst estimate of 81 cents. Shares were rising 1.1% to $28.72.
Entertainment products company Hasbro (HAS - Get Report) reported third-quarter profit of $1.27 a share, below the average analyst expectation of $1.30. Shares were falling 0.8% to $34.46.
Oil services company Halliburton (HAL - Get Report) reported third-quarter earnings of 94 cents a share, beating the average analyst estimate of 92 cents. Shares were up 0.4% to $37.56.
Information technology company IBM (IBM - Get Report) is expected to report third-quarter earnings of $3.22 a share after the markets close, above earnings of $2.82 last year. Shares were down 0.3% to $190.05. -- Written by Andrea Tse in New York. >To contact the writer of this article, click here: Andrea Tse.