(AAPL) - Get Report

kicks off Monday its Worldwide Developers' Conference, where the

tech giant

is expected to launch several new products, including new computers and a new mobile operating system.

Apple's next mobile operating system, iOS 6, is expected to be one of the main attractions at the event.

Shares of Apple ticked up $4.30, or 0.74%, to $584.62 in premarket trading Monday.

General Electric

(GE) - Get Report

is considering breaking off big chunks of its lending business, GE Capital,

The Wall Street Journal


Top executives are looking at possibly selling businesses in GE Capital's consumer-finance portfolio, such as private-label credit cards or showroom financing for products like snowblowers or lawn mowers, according to three people familiar with the company's thinking, the



The moves reduce the size of GE Capital's loan portfolio by as much as 16%, according to the newspaper.

GE shares rose 1.25% to $19.44 in premarket trading Monday.

Johnson & Johnson

(JNJ) - Get Report

announced Friday it anticipates it will record a one-time charge in the second quarter of about $600 million related to litigation regarding Risperdal, Invega, Natrecor and Omnicare.

Shares of Johnson & Johnson ticked up 2 cents, or 0.03%, to $63 in premarket trading Monday.

Biotech Stock Mailbag: Keryx, Amarin, ImmunoCellular

Federal regulators have cleared

Duke Energy's

(DUK) - Get Report

proposed takeover


Progress Energy



The merger will create the nation's largest electric utility.

Telefonica SA

(TEF) - Get Report

sold a 4.56% stake


China Unicom (Hong Kong) Ltd.

(CHU) - Get Report

for €1.13 billion euros, or $1.41 billion.

The buyer is China Unicom's parent,

China United Network Communications Group


Shares of Telefonica SA rose 2.04% to $12.51 in premarket trading Monday.

The Five Dumbest Things on Wall Street This Week: June 8


(FNSR) - Get Report

, a provider of fiber optic subsystems, is expected by analysts Monday to report fiscal fourth-quarter profit of 21 cents a share on revenue of $242.6 million.

W.W. Grainger

(GWW) - Get Report

, the industrial supplies distributor, is expected to report May sales.

LULU Pulls an Apple, Market Overreacts

-- Written by Joseph Woelfel

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Joseph Woelfel

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