Stocks Finish Mixed as Apple, Bank Shares Fall
Japanese markets were closed for a public holiday.
Gold for February delivery Monday added $8.80 to settle at $1,669.40 an ounce at the Comex division of the New York Mercantile Exchange, while February crude oil futures increased 58 cents to close at $94.14 a barrel.
The benchmark 10-year Treasury was up 5/32 to dilute the yield to 1.852%. The dollar was down 0.06%, according to the U.S. dollar index.
Harry Winston Diamond (HWD) said it is selling its luxury-brand diamond jewelry and timepiece division, Harry Winston Inc. to Swatch Group for $750 million plus an assumption of up $250 million of pro forma net debt. Shares surged 4.3%.hhgregg (HGG) shares were off by 5.7% after the specialty retailer of home appliances and electronics reported lower-than-forecast fiscal third-quarter results amid a predicted 10% same-store sales decline. United Parcel Service (UPS) has withdrawn its €5.2 billion ($7 billion) takeover of TNT Express after it learned that European regulators would block the deal. UPS shares rose 1.7%. Transocean (RIG) disclosed that activist investor Carl Icahn acquired a 1.56% stake in the offshore rig contractor and is looking to boost that holding, Reuters reported. Shares lost 0.3%. Facebook (FB) shares rose 2.4% as the stock was upgraded to buy from hold by analysts at Deutsche Bank, who were impressed by the revenue boost the company is getting from mobile newsfeed ads. Flowers Foods (FLO) shares surged 9.6% after the company said it has signed agreements to buy certain brands, including Wonder Bread and Nature's Pride, from bankrupt Hostess Brands for about $360 million. Lear (LEA) shares climbed 0.23% as the supplier of automotive seating and electrical distribution systems launched financing actions to increase liquidity and announced an increase in its existing share repurchase program authorization. -- Written by Andrea Tse and Joe Deaux in New York.
>To contact the writer of this article, click here: Andrea Tse.
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