Before the bell: Solid opening expected following Fannie/Freddie gov't plan; BUD takeoverFedEx (NYSE: FDX) may be in talks to buy its rival European rival TNT, according to a report from the Financial Times. TNT shares have jumped 25% in Europe.
General Electric Co. (NYSE: GE) announced Monday it will supply parts for Gulfstream Aircraft Corp.'s G650 business jet in a deal worth potentially more than $100 million. Separately, GE said it would develop with Safran SA a new line of fuel efficient jet engines to compete with United Technologies Corp. (NYSE: UTX) Pratt & Whitney.
Apple Inc. (NASDAQ: AAPL) may have sold as many as 425,000 of its new 3G iPhones in the first three days after the handset made its debut, in line with projections and despite serious technical and activation problems. Apple and AT&T (NYSE: T) sold a combined 225,000 in the U.S. Gene Munster of Piper Jaffray & Co. predicts Apple will sell 4.08 million this quarter.
Microsoft Corp. (NASDAQ: MSFT) announced late Friday that it was cutting the price on the lower-end model of its XBox 360 gaming console and introducing a new mid-range model with a 60GB hard drive. Meanwhile, there are rumors that Microsoft could announce a deal with Netflix, Inc. (NASDAQ: NFLX) at a gaming conference in Los Angeles on Monday that would allow streaming movies and TV shows from Netflix to be played through the Xbox 360.
Boeing (NYSE: BA) won an order from low-cost airline FlyDubai for 50 737-800 jets $3.74 billion at list prices.
GlaxoSmithKline (NYSE: GSK) will pay as much as $3 billion to license an insomnia drug from Switzerland's Actelion.
Before the Bell: Stocks poised to rally on $125 billion bank investment plan
The Wal-Mart Weekly: Retailer accused of sweatshop conditions in Bangladesh
Fog clearing - maybe. Clear skies - no! GE, JNJ, MRK, PG, RTN, WFC
