Texas Instruments (TXN - Get Report), the chipmaker, is expected by analysts Monday to post quarterly profit of 45 cents a share, down from 60 cents a share a year earlier, on revenue of $3.34 billion.
Reports are also expected Monday from the likes of Hasbro (HAS), Freeport McMoRan Copper & Gold (FCX)and V.F. Corp. (VFC)
BP (BP - Get Report), the U.K. oil company, confirmed Monday it's in advanced talks about selling its stake in TNK-BP to Rosneft, Russia's state-controlled oil company, in a deal of about $30 billion.
Ancestry.com (ACOM), the genealogy Web site, has agreed to be acquired by an investor group led by European private-equity firm Permira for about $1.6 billion, or $32 a share, The Wall Street Journal reported, citing people familiar with the deal. Shares of Ancestry.com closed Friday at $29.18.
-- Written by Joseph Woelfel
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