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U.S. Movers: Autoliv, Delek, Intel, Liberty Interactive, SM Energy

Author: Mukesh Buch
Last Update: 8:50 AM ET January 03 2017

2:10 PM New York Autoliv and Volvo signed a deal to develop software for driver assistance systems. Delek agreed to buy Alon USA Energy for $868 million. Intel plans to acquire Germany-based digital map maker. SM Energy agreed to sell Eagle Ford shale energy assets for $800 million.

Tollbooth Index advanced 59.06 or 0.5% to 11,111.72.

Earnings Review

Autoliv Inc (ALV) increased 1.7% or $1.87 to $114.98 after Sweden-focused automobile safety systems provider and the auto maker Volvo signed an agreement to form a joint venture to develop software for autonomous driving and driver assistance systems.

Autoliv plans to invest approx 1.1 billion Swedish kronor and Volvo Cars committed to contributing intellectual property assets for the joint venture.

Delek US Holdings, Inc (DK) jumped 4.7% or $1.12 to $25.19 after the petroleum refiner agreed to acquire Alon USA Energy Inc for about $868 million.

The transaction is expected to close in the first half of 2017.

Intel Corporation INTC)) rose 33 cents to $36.60 after the chip maker plans to acquire Germany-based digital map maker HERE International BV, owned by Daimler AG, BMW AG and Audi AG unit of Volkswagen AG.

Liberty Interactive LLC, a subsidiary of Liberty Interactive Corporation announced quarterly interest payment and excess regular cash dividend amount on 1% senior exchangeable debentures due 2043.

The video and online entertainment, media and communication services provider also said that amount of quarterly interest payment is $2.50 per $1,000 original principal amount of debentures.

SM Energy Co (SM) fell 20 cents to $34.28 after the Denver, Colorado based oil and gas explorer signed an agreement to sell some of the assets in Eagle Ford shale area with a subsidiary of Venado Oil and Gas, LLC, an affiliate of KKR, for about $800 million. The assets are managed by a third party operator.

The sale to Venado Oil and Gas LLC is expected to close in the first-quarter of 2017.
Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc