STOCKS NEWS US-Ball Corp to buy remaining stake in Chinese plant

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0910 EST 09Nov2009
Ball Corp to buy remaining stake in Chinese plant

Ball Corp on Monday said it would buy out the remaining stake in a Chinese beverage can plant for $90 million in cash and debt.

The company has owned about 35 percent of the plant since 1992.

The deal is expected to close in 2010.

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Shares of the company closed Friday at $49.50.

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0905 EST 09Nov2009
Nokia to replace 14 mln phone chargers

Nokia Corp on Monday said it would be replacing 14 million cellphone chargers, which it said could giver users an electric shock.

The company said its Chinese supplier BYD would cover the costs of recalling the chargers, for which handset makers normally pay around $1.

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U.S.-listed shares of Nokia rose 3 percent to $13.60 in premarket trading.

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0856 EST 09Nov2009
Kohlberg shares drop, delays filing of Q3 results

Shares of Kohlberg Capital Corp fell in premarket trading on Monday, after the company delayed the filing of its third-quarter results.

The results are being delayed after the company's independent public accountants, Deloitte & Touche LLP, raised questions about the process of valuing certain loan portfolio investments.

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The stock fell 9.4 percent to $5 before the bell.

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0825 EST 09Nov2009
McDonald's rises after October sales data

Shares of McDonald's Corp rose in premarket trading on Monday, after the company reported its October sales data.

The fast food giant posted an increase of 3.3 percent in its global comparable sales. Same-store sales in the United States were down 0.1 percent, while European same-store sales were up 6.4 percent.

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Shares of the Dow component rose 0.7 percent to $62.20 before the bell.

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0820 EST 09Nov2009
XenoPort says FDA extends review of drug

Shares of XenoPort Inc edged lower in premarket trading on Monday, after the company said the Food and Drug Administration delayed by three months the review of its drug for restless leg syndrome.

The U.S. Food and Drug Administration had determined that a Risk Evaluation and Mitigation Strategy was necessary for the drug.

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The stock fell 0.8 percent to $18 in premarket trading.

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0815 EST 09Nov2009
M. Stanley may sell stake in China bank

Morgan Stanley is looking to sell its 34 percent stake in investment bank China International Capital Corp, the U.S. bank's China chief executive said on Monday.

'We are a passive investor in CICC, so getting out (of it) is the general direction,' Wei Sun Christianson told Reuters on the sidelines of a conference.


She did not say whether Morgan Stanley was in talks to sell its stake or name potential investors.

For details, see

Shares of Morgan Stanley was trading up 1.5 percent in premarket trade at $33.09

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