Top Headline
Kellogg K reported a 2.5 percent rise in its third-quarter profit and announced its plans to cut its workforce by 7 percent by 2017.
Its sales fell 0.1 percent to $3.72 billion. However, analysts were expecting earnings of $0.89 per share on revenue of $3.71 billion.
Equities Trading UPExtreme Networks EXTR shot up 18.88 percent to $6.39 after the company reported FQ1 results. Shares of AK Steel Holding AKS got a boost, shooting up 11.07 percent to $5.11 after Goldman Sachs upgraded the stock from Sell to Buy. Realogy Holdings RLGY was also up, gaining 9.05 percent to $44.35 after the company posted a profit in the third quarter.
Equities Trading DOWN
Shares of BlackBerry BBRY were down 13.77 percent to $6.70 after the company abandoned its plan to sell itself. The company also announced its plans to replace its Chief Executive Thorsten Heins.
World Acceptance WRLD was down, falling 11.18 percent to $89.97 after the company announced the resignation of its President and Chief Operating Officer Mark C. Roland.
CommoditiesIn commodity news, oil traded down 0.04 percent to $94.57, while gold traded up 0.33 percent to $1,317.50.
Silver traded down 0.19 percent Monday to $21.80, while copper fell 1.47 percent to $3.25.
EurozoneEuropean shares were higher today. The Spanish Ibex Index rose 0.36 percent, while Italy's FTSE MIB Index gained 0.76 percent. Meanwhile, the German DAX rose 0.33 percent and the French CAC 40 gained 0.36 percent while U.K. shares rose 0.43 percent.
Economics
US factory orders rose 1.70 percent in September, while August orders declined 0.1 percent.
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