U.S. Stocks Slip on Fed Worries; HP to Acquire Samsung's Printing Business

U.S. stocks extended their losses Monday, following Friday's sell-off. Fears of a near-term rate hike have pushed investors to take profits, especially after the market's steady gains over the summer. On Monday, Atlanta Fed President Dennis Lockhart said the markets 'seem to be very sensitive to remarks of Fed speakers.' Meanwhile, crude prices slipped 1.5 percent to $45.18 a barrel as fresh data on Friday showed a rise in U.S. rig count for the tenth week in a row. HP (HPQ) - Get Report has agreed to purchase Samsung Electronics' SSNLF printing business for $1.05 billion, which includes roughly 6,500 patents. TheStreet's Scott Gamm reports from Wall Street.