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Stocks try to rebound; Volkswagen admits to cheating; Hackers target Apple

Wall Street opens a new trading week with something different for a change--  no speculation on what the Fed will do about interest rates.  With Janet Yellen and company announcing they're keeping borrowing costs steady, Yahoo Finance Senior Columnist Michael Santoli says stocks (^GSPC) will now be influenced by more traditional market-moving factors.

"I'm of the camp that the Fed has gotten too much credit for this bull market to the upside, it's getting a little too much blame for this indigestion we're having in the markets right now," he explains. "But I do think we're going to look to other factors beyond the Fed this week, such as corporate pre-announcements and some housing numbers." 

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Atmel sold to British rival

Here are some of the stocks the Yahoo Finance team will be watching for you today.

Atmel (ATML) Britain's Dialog Semiconductor is buying its rival for $4.6 billion in cash and stock. The deal values shares of San Jose-based Atmel at $10.42, a 43% premium to the stock's closing price on Friday.

GoPro (GPRO) The maker of wearable cameras is getting hit by a negative writeup in Barron's, which says shares could drop to $25 on disappointment over its latest product launch and stiffer competition.  On Friday, shares fell after Stifel said growth seems to be more difficult for the company.

Lennar (LEN) The largest U.S. homebuilder by market value says fiscal third quarter profit and revenue were up more than 20%.  Lennar reports home deliveries jumped 16%...with the average price rising 5% to $350,000.  In addition, new orders increased 10%.

Chesapeake Energy (CHK) The Dallas Morning News reports more than 400 lawsuits against the oil and natural gas company have been consolidated, with some 25,000 landowners claiming Chesapeake owes them a total of more than $1 billion in royalties.  Chesapeake denies the charges. 

Alibaba (BABA) The lockup period for the Chinese e-commerce giant ended on Saturday, allowing some of the biggest investors from last year's IPO to sell. Yahoo (YHOO), parent of Yahoo Finance, owns about a 15% stake in Alibaba, which is plans to spin off.

Volkswagen diesel flap

More trouble in the auto industry. Volkswagen shares are crashing overseas as the company admitted to cheating on U.S. air pollution tests for years in its diesel engine cars. Volkswagen, in addition to cooperating in the government’s investigation, will halt sales of certain diesel-engined cars for the time being.

In a serious breach, hackers infected popular Chinese mobile apps like WeChat and Netease on Apple’s (AAPL) App Store with malicious software - exposing a vulnerability in Apple’s platform. Apple said in a statement late Sunday that it had taken steps to address the problem.

A mega-merger in the housing market. Starwood Waypoint (SWAY) and Colony American Homes, two big owners of single-family rental homes, are combining. Together the two landlords own more than 31,000 homes valued at nearly $8 billion.


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