U.S. stock futures are up today still rallying from a better-than-expected jobs report that came out on Friday.The strong morning start is impressive considering oil prices are trading at a 30-month high.
Besides President Obama announcing his re-election bid in a video on his web site BP is selling its subsidiary Arco aluminium to a Japanese consortium and Southwest Airlines shares are down after its Boeing plane had to do an emergency landing because of a hole in the fuselage. There were over 300 flights cancelled this weekend.
There are a bunch of earnings reports coming out today including A.Schulman, Schnitzer Steel and Team Inc.
SUBSIDIARY SALE: BP is selling its Arco aluminium subsidiary to a Japanese consortium for $680 million and may restart drilling in the Gulf of Mexico this summer.
CANCELLED FLIGHTS: Southwest shares are down over 5% in pre-market trading due to cancelling 300 flights after its Boeing 737-300 was forced to have an emergency landing.
STAKEHOLDER SALE: Vodafone Group is selling its 44% stake in SFR ro France's Vivendi for about $11.3 billion
POSSIBLE SEC CHARGES: The SEC is preparing to bring civil charges against Wachovia for allegedly overpricing mortgage-bond deals
Closing price: $22.54
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BARRON'S REPORT: General Electric shares are up over 1% in pre-market trading after a Barron's article said the company may not be liable for financial damage in Japan's nuclear crisis
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