Stocks Opened Lower, Deals in Focus

U.S. stocks opened lower on Monday as a few deals were grabbing attention. The Dow Jones Industrial Average lately dropped 20.66 points, or 0.12%, to 17,116.70. The S&P 500 was down 2.00 points, or 0.10%, to 2,005.71. The Nasdaq Composite was up 8.96 points, or 0.20%, to at 4,584.13.

Electrolux AB (ELUXB) Chief Executive Officer Keith McLoughlin indicated that today’s $3.3 billion acquisition of General
Electric Co.’s (GE) appliances business may not be the end of the company’s spending as he steps up the battle with main rival
Whirlpool Corp. (WHR)

Tesla Motors Inc Chief Executive Elon Musk said on Monday that he would not be surprised if there was a significant deal with
Toyota Motor Corp in the next two to three years, though there were no definitive plans.

One in 10 Africans are logging on to Facebook every month, the world’s No.1 online social network said on Monday, presenting a new target audience for advertisers.

Hertz Global Holdings said on Monday that its chairman and chief executive, Mark P. Frissora, had stepped down, as the rental
car giant faced pressure from the billionaire Carl C. Icahn.