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