Among the companies whose shares are expected to actively trade
in Monday's session is TranSwitch Corp. (TXCC).
TranSwitch filed plans to sell up to $10 million in common stock
through an at-the-market offering to help develop new products.
Shares eased 3.2% to $2.77 after hours.
Watch List:
Apple Inc. (AAPL) sued Motorola Mobility Inc. (MMI), saying
Apple's iPhone 4S is protected under a license agreement from
Qualcomm Inc. (QCOM). The lawsuit, which was filed Friday, is part
of an effort by the Cupertino, Calif., consumer-electronics giant
to ward off any injunctions from Motorola, according to the court
documents.
Standard & Poor's Ratings Services raised its credit rating
on Cheniere Energy Inc. (LNG) a notch, pointing to the
liquefied-natural-gas company's recent deleveraging measures.
ITT Corp. (ITT) pushed back the date it plans to report
quarterly earnings by two weeks, citing the complexity of reviewing
financial data following the industrial conglomerate's recent
spinoffs. Thought the company still said its 2011 revenue grew, the
results fall slightly short of analysts' expectations.
Macy's Inc. (M) has no exclusive right to sell Martha Stewart
Living Omnimedia Inc. (MSO) merchandise, the domestic doyenne's
company said in a legal filing Friday. The filing is Martha Stewart
Living's response to Macy's seeking to prevent Martha Stewart
products from being sold at J.C. Penney Co. (JCP) starting next
year.
Watson Pharmaceuticals Inc. (WPI) has filed an abbreviated
new-drug application with the U.S. Food and Drug Administration for
its generic version of Bayer Pharma AG's (BAYRY, BAYN.XE) Beyaz
oral contraceptive. Bayer and Merck KGaA (MKGAY, MRK.XE) filed a
lawsuit against Watson in a Delaware district court Friday to
prevent Watson from launching a generic version of Beyaz prior to
the expiration of its patent.
-Edited by Maya Pope-Chappell and Ian Thomson; write to
maya.pope-chappell@dowjones.com and ian.thomson@dowjones.com