First this morning is Spanish telecom giant Telefonica, which is up more than 3.5% in early trading. A Spanish newspaper is reporting that AT&T (T) has put in a $93-billion bid to take over the company. Telefonica is denying the report. No comment so far from AT&T. The gains this morning push Telefonica stock just above the price where they started the year, around $13.75 a share.
Next up is Weyerhaeuser (WY) which made a number of announcements over the weekend. The lumber giant says it has signed a deal to buy Longview Timber for more than $2.5-billion dollars from Brookfield Asset Management. In a separate release, the company said it's exploring a merger, sale, or spin-off of its real estate company. And finally, the company board has named Doyle Simons to replace the retiring Dan Fulton as CEO in August. Weyerhaeuser is down about 3%. But shareholders don't have much reason to complain. Thanks to gains in 2012, the stock is up 35% over the past year.
Now SolarCity (SCTY), whichRead More »from Telefonica Climbs on Report; SolarCity Shines; Weyerhauser Lumbers Ahead