Midday Report: 'Zootopia' Tops Box Office; Stocks Mixed on Crude

U.S. stocks remained under pressure as crude resumed its downward slide on Monday.
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U.S. stocks remained under pressure as crude resumed its downward slide on Monday. Oil fell after Iran said it would not participate in negotiations with OPEC over a potential production freeze. OPEC members and non-member Russia are unlikely to agree to a freeze unless all countries are on board. A Chinese firm is reportedly looking to purchase Strategic Hotels & Resorts from Blackstone Group (BX) for $6.5 billion. Blackstone only completed its acquisition of the company three months ago. The Fresh Market (TFM) rocketed higher after Apollo Global Management (APO) agreed to purchase the grocery retailer for a generous premium. Walt Disney's (DIS) 'Zootopia' topped the weekend box office for a second week in a row, generating $50 million in North America. TheStreet's Keris Lahiff has details from Wall Street.