MARKET PULSE-Cooper Tire, BlackBerry, GW Pharmaceuticals, DryShips

Mon Oct 7, 2013 9:21am EDT
 
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(For more market insights, including options activity, click on ; for the Day Ahead newsletter link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s)

WALL ST SET TO DROP AT OPEN ON WASHINGTON DEADLOCK

U.S. stocks were poised for a lower open as the partial U.S. government shutdown dragged on with no signs of a softening in the positions of politicians over the debt-ceiling limit or budget impasse. S&P 500 futures fell 13.1 points, Dow Jones industrial average futures 110 points and Nasdaq 100 futures 20.75 points.

** COOPER TIRE & RUBBER CO, Friday close $29.51, down 10.5 pct premarket

Apollo Tyres' $2.5 billion acquisition of Cooper has flared into a war of words as the two companies haggle over the price of the deal plagued by labor issues in the United States, where Cooper is based, and in China.

** BOEING CO, Friday close $117.20, down 1 pct premarket

Airbus announced its first jet order from Japan Airlines Co Ltd on Monday, breaking open the last big aviation market dominated by Boeing, in a move that suggests the U.S. company may pay for the 787 Dreamliner's troubled debut.   Continued...