U.S. stocks were set to open lower Monday, with investors wary ahead of
a week of new signals about the economy's condition.The Institute for
Supply Management issues its monthly report on
manufacturing activity at 14:00GMT. Economists surveyed expect the
manufacturing index to decline to 48 for May
from 48.6 in April. If so, it would be the fourth straight reading
below 50, the level that signifies expansion in the sector.
Best Buy The electronics retailer was unveiling a program Monday that would allow customers to bring in old TV sets and other gadgets so that they can be properly disposed, and not poison the nation's landfills.
ImClone The biotech's price edged up 1% in pre-market trading, after the New York company unveiled study results on Sunday showing that its drug Erbitux extended survival in lung cancer patients by one month.