October 7, 2013 / 12:10 PM / in 4 years

MARKET PULSE-Cooper Tire, BlackBerry, Boeing, Amazon.com

(For more market insights, including options activity, click on ; for the Day Ahead newsletter link.reuters.com/mex49s)


U.S. stock index futures fell as the partial government shutdown continued with no signs of a thaw in negotiations among politicians. S&P 500 futures fell 16 points, Dow Jones industrial average futures 131 points and Nasdaq 100 futures 27.75 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 labour 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.

** BLACKBERRY LTD, Friday close $7.69, up 5 pct premarket

The Canadian smartphone maker on the block as its smartphone business struggles, is in talks with Cisco Systems, Google Inc and SAP about selling them all or parts of itself, several sources close to the matter said.

** WAL-MART STORES INC, Friday close $72.80

Wal-Mart’s retail plans with India partner Bharti Enterprises are “not tenable” and both sides are looking for the best way to move forward, an executive with the U.S. retailer told Reuters.

** KKR & CO LP, Friday close $20.88

Private equity firm KKR is nearing a deal to acquire lifting equipment company Crosby Group LLC for around $1 billion, two people familiar with the matter said on Sunday.

** AMAZON.COM, Friday close $319.04, down 1.2 pct premarket

Workers at Amazon.com’s German operations could strike during the Christmas holiday season in a dispute over pay that has been raging for months, a trade union has warned.

** GENERAL ELECTRIC CO, Friday close $24.05, down 1 pct premarket

General Electric vice chairman John Rice said on Sunday that despite the shaky global economy, he expected the firm’s infrastructure businesses in emerging markets to post 10-15 percent growth in the next five to 10 years.

** UNITED TECHNOLOGIES CORP, Friday close $104.27

Military contractor Sikorsky Aircraft, a division of United Technologies, has canceled temporary layoffs that had been scheduled to start on Monday, due to the U.S. government shutdown, spokesman Paul Jackson said on Sunday.

** DRYSHIPS INC, Friday close $3.78, down 6 pct after market

The drybulk shipper and offshore contract driller said on Friday it would offer up to $200 million of its common shares.

** MICHAEL KORS HOLDINGS LTD, Friday clsoe $76.35

** COACH INC, Friday close $55.03

** RALPH LAUREN CORP, Friday close $166.69

China’s slowdown could be more than just a passing phase for the luxury goods sector, the head of British fashion house Burberry told French newspaper Les Echos in an interview published on Monday. (Compiled by Sneha Banerjee in Bangalore; Editing by Maju Samuel)

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