Stocks Open Slightly Lower

U.S. stocks edged lower at the open on Monday, as investors took a breather after the Dow and the S&P 500 indexes rose five weeks in a row, while trading volume was likely to be quiet due to the Veterans Day holiday. The Dow Jones Industrial Average lately fell 0.83 point, or 0.01%, to 15,760.95. The S&P 500 was last down 0.71 point, or 0.04%, to 1,769.90. The Nasdaq Composite dipped 5.74 points, or 0.15%, to 3,913.49.

Apple Inc. is developing new iPhone designs including bigger screens with curved glass and enhanced sensors that can detect different levels of pressure, said a person familiar with the plans.

Anacor Pharmaceuticals, Inc. (ANAC) reported third quarter 2013 net loss per share of 41 cents. Third quarter revenues were $3.6 million, compared with $2.5 million in the year-ago quarter.

Oil driller Transocean has agreed to a deal with billionaire investor Carl Icahn after a months- long proxy fight. The company said Monday that it has agreed to support a dividend of $3 per share and reduce the size of its board.

Germany’s No. 2 utility, RWE (GER:RWE), is expected to cut more jobs than planned, squeeze more costs and sell more assets when it reports earnings this week due to weaker prospects in electricity generation as the country shifts toward renewable energy.

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