Monday, October 17, 2011

Stocks to watch...

El Paso Corporation (EP) leads our list of stocks to watch this morning, as it agrees to be bought by rival Kinder Morgan (KMI) in a $21 billion cash deal that combines the two largest natural gas pipeline operators in North America.

Sprint Nextel (S) could also be a stock to watch today, as the company says it set a single-day device sales record Friday as the iPhone 4S went on sale at its stores.

Research In Motion (RIMM) is offering BlackBerry users free premium apps, normally costing more than $100, to appease customers upset by last week's service disruptions.

Rio Tinto (RIO) is putting an estimated $8 billion in aluminum assets up for sale, signaling a retreat from that business just four years after buying Alcan for $38 billion.

State Street (STT) could see some upside action today as billionaire investor Nelson Peltz's Trian Group calls for changes, including a spinoff of the investment management business.

And Eastman Kodak (EK) is licensing thousands of its patents to Imax in a deal that will supply the troubled company with millions of dollars.

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