Bank of America Corp. (NYSE: BAC) slumped more than 7% on Monday after the New York Times reported that insurer American International Group Inc. (NYSE: AIG) plans to sue the bank in an effort to recover more than $10 billion in losses related to mortgage-backed securities.
Transatlantic Holdings (NYSE: TRH) rallied more than 7% oat n Monday, a say after the reinsurer announced thit has received a $3.25 billion buyout offer from National Indemnity Co., a unit of Warren Buffett's Berkshire Hathaway.
Shares of Boeing Co. (NYSE: BA) dropped more than 2% in Monday's morning trading. The airplane manufacturer and the National Labor Relations Board failed to agree on Boeing's request to safeguard documents related to a 787 Dreamliner factory.
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