Shares of specialty chemical company Lubrizol were surging 27.1% to $133.98 in premarket trading after Omaha-based holding company Berkshire Hathaway agreed to buy Lubrizol for $135 a share in cash.Automaker Toyota was falling 5.6% to $80.84 as it shut down production in Japan as the country continues to deal with the aftermath of a massive earthquake.
American International Group was falling 2.3% to $36.50 and Berkshire Hathaway was down 1.3% to $84.22 as they and Chubb Group, the U.S. insurers with the greatest exposure to the Japanese earthquake and resulting tsunami, dealt with the aftermath of the devastating event.
AT&T was down 0.7% to $28.26 amid reports that the Japan earthquake damaged undersea cables belonging to or connected with major telecom companies including AT&T.
Hewlett-Packard was ticking down 0.3% to $41.60 ahead of a scheduled summit in San Francisco Monday when the Palo Alto-based tech giant's new CEO Léo Apotheker is expected to speak about his vision for the company.
Oil giant Chevron was down 0.2% to $99.75 ahead of a scheduled analysts meeting on Monday in New York from 9 a.m. to 12 p.m.
Retail discount chain Family Dollar Stores said its second-quarter same-store sales increased 5.1% and that it expects earnings for the quarter to fall in the range of 97 cents to 98 cents a share vs. the Wall Street consensus expectation of 95 cents a share and the company's previous earnings forecast of 92 cents to 97 cents a share.
Real estate investment trust Camden Property Trust has raised its annual dividend by 8.9% to $1.96 a share.
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